What Is Ravencoin (RVN) and Is It a Legit Cryptocurrency?
According to a report released by TheCurrencyAnalytics, on March 9, 2020, Ravencoin (RVN) is a proof-of-work (PoW) altcoin built using the Bitcoin Unspent Transaction Output (UTXO) model, as it is a fork of the Bitcoin code which offers unique asset creation via the interplanetary File System (IPFS) and messaging. While bitcoin (BTC) focuses on functioning as a medium of exchange and store of value, the primary objective of Ravencoin (RVN) is to facilitate efficient and frictionless creation and transfer of assets from one entity to another.
Ravencoin (RVN) is simply an idea fuelled by a large network of volunteers, miners, blockchain developers and builders. As such, unlike Bitcoin, where large firms such as Bitmain and others have the power to mine large chunks of BTC with their expensive ASIC miners, Ravencoin (RVN) creates a level playing field for everyone.
