Ravencoin (RVN) – explained in 10 points =

Ravencoin (RVN) owes its name to many people’s favorite series, Game of Thrones. This is derived from the ravens in this series that perform the same function as Ravencoin. This concerns the proper and careful shipping of various resources. You could say that you can send assets with almost any blockchain, but the big difference is that Ravencoin only specializes in this. This makes it the best blockchain available today in terms of transferring assets and possessions. In this article we explain in 10 points what Ravencoin is and how you can buy the cryptocurrency.

Ravencoin (RVN) explained in 10 points:

  1. Ravencoin focuses on one thing and that is sending possessions or assets through the blockchain . Think of gold, land ownership, online games and e-books.
  2. The launch and distribution of the coins has been completely fair . No ICO was held, no pre-mine was done and no founders pool was even set up. This reminds us very much of the launch of Bitcoin at the time.
  3. Ravencoin has piqued the interest of the Patrick Byrne . Byrne is the CEO of Overstock , one of the very first companies to accept payment in Bitcoin. He can therefore be seen as a true crypto veteran.
  4. This interest has even gone so far that he has invested several millions in the project. This will allow the team behind the crypto project to continue developing for the time being.
  5. The cryptocurrency is a hard fork of Bitcoin , with a few key differences. 21 billion coins can be created instead of 21 million, the mining algorithm is different (see point 6), the block speed is 10 times faster and the reward for mining is 5000 RVN, where Bitcoin started with 50 BTC.
  6. RVN mining is ASIC resistant . That means that no special equipment can be bought to mine the coin more efficiently. This in turn means that no mining farms can arise that take all power over the coin. Ravencoin therefore remains one of the most honest cryptocurrencies of the moment.
  7. Bruce Fenton is part of the team of the promising crypto project. Among other things, Fenton serves as an advisor to the Bill and Melinda Gates Foundation’s multibillion-dollar project .
  8. The market on which the crypto project focuses is expected to become many times larger than the market on which Bitcoin focuses .
  9. The name Ravencoin comes from the Game of Thrones series . It is a reference to the messengers of Westeros, the ravens.
  10. In the middle of the bear market, from October 11 to October 21, 2018, the price of the cryptocurrency rose by no less than 364% in 10 days .

Overstock CEO and bitcoin pioneer about its business philosophy

How do I buy Ravencoin?

Buying Ravencoin on Bitvavo is a piece of cake. Within minutes and for less than a euro you can already be the proud owner of RVN.

  1. Register here for free at Bitvavo
  2. Verify yourself by clicking on your name in the top right corner and then go to ” Verification “.
  3. Transfer money via iDeal. You do this by clicking on ” Deposit Euros “.
  4. Then enter the amount and choose iDeal as payment option so that the money is in your Bitvavo account within a minute. Then click on “Pay”.
  5. If you click on ” Overview ” afterwards, you will see the money.
  6. Find RVN, click on it and then press “Buy”.
  7. Invest the amount you have in mind in RVN.
  8. Congratulations! You bought RVN!
    Don’t forget to save your username and password

 

Read the detailed explanation about Ravencoin here

 

Sources

  • Website
  • White paper

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