With miners pivoting away from #Ethereum mining post-merge, #Ravencoin has become one of the most discussed projects in the #crypto space!
Here's what you need to know about $RVN 🧵👇
Here's what you need to know about $RVN 🧵👇
1/ What is @Ravencoin?
• Ravencoin is a peer-to-peer blockchain designed to facilitate the issuance of tokens and transfer of digital assets from one party to another.
• Like #Bitcoin, it utilizes a Proof-of-Work (PoW) consensus mechanism to secure the network.
• Ravencoin is a peer-to-peer blockchain designed to facilitate the issuance of tokens and transfer of digital assets from one party to another.
• Like #Bitcoin, it utilizes a Proof-of-Work (PoW) consensus mechanism to secure the network.
2/ How does #Ravencoin work?
• It uses the #KAWPOW mining algorithm and is designed to suit the average consumer computer devices.
• It's Full Asset Aware Protocol System provides adequate protection for assets created, preventing them from accidental destruction.
• It uses the #KAWPOW mining algorithm and is designed to suit the average consumer computer devices.
• It's Full Asset Aware Protocol System provides adequate protection for assets created, preventing them from accidental destruction.
3/ #Ravencoin's transaction speed
• Ravencoin blockchain's block time is 1 minute.
• This makes it 10X faster than #Bitcoin, which has a block time of 10 minutes.
• With a block size of 2MB, Ravencoin's blockchain is more optimized to handle an ever-increasing demand.
• Ravencoin blockchain's block time is 1 minute.
• This makes it 10X faster than #Bitcoin, which has a block time of 10 minutes.
• With a block size of 2MB, Ravencoin's blockchain is more optimized to handle an ever-increasing demand.
3/ #Ravencoin's tokenomics
• $RVN has a maximum supply of 21 billion.
• None of these tokens were pre-mined/vested.
• The total supply will be distributed through mining activities.
• The current block reward is 2500 $RVN, which miners receive for each block they mine.
• $RVN has a maximum supply of 21 billion.
• None of these tokens were pre-mined/vested.
• The total supply will be distributed through mining activities.
• The current block reward is 2500 $RVN, which miners receive for each block they mine.
4/ #Ravencoin mining
• Ravencoin’s ASIC-resistant mining algorithm is designed to prevent its network from being centralized.
• It runs a GPU-friendly mining system. This means that anyone can create a node and mine Ravencoin on their personal devices.
• Ravencoin’s ASIC-resistant mining algorithm is designed to prevent its network from being centralized.
• It runs a GPU-friendly mining system. This means that anyone can create a node and mine Ravencoin on their personal devices.
RT if you found this thread useful! What #crypto project should we tweet about next? Let us know 👇
https://twitter.com/coingecko/status/1574993116611760128
• • •
Missing some Tweet in this thread? You can try to
force a refresh
