Ravencoin
Crypto Overview
Project Overview
Ravencoin is a peer-to-peer blockchain specifically designed for the efficient transfer of assets from one party to another. Launched in 2018, it is a fork of Bitcoin's code with modifications that allow users to create and trade any real-world (tokenized) or digital assets.
Intended Utility
The primary purpose of Ravencoin is to facilitate the creation and transfer of tokens representing real-world assets, digital collectibles, or securities. The platform enables users to create unique tokens that can represent anything from gold bars to game items, real estate deeds to software licenses.
Actual Utility and Usage
The network has demonstrated real-world adoption with several notable use cases: tokenization of physical assets, creation of security tokens, and implementation in gaming assets. The development team maintains regular updates, with active GitHub repositories showing consistent technical progress. As of 2024, there are over 300,000 unique asset types created on the network.
Token Distribution and Founder Alignment
Ravencoin launched with no ICO, pre-mine, or founder's rewards. The distribution model is purely based on proof-of-work mining, similar to Bitcoin. This approach significantly reduces the risk of founder enrichment schemes as there was no initial token allocation to team members or early investors.
Technical Architecture
Ravencoin employs the KAWPOW mining algorithm, designed to be ASIC-resistant and promote decentralized mining. The platform includes built-in features for asset creation, messaging, and restricted assets, all operating without smart contracts to minimize attack vectors.
Crypto Impact
To assign a comfort level investing in Ravencoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ravencoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.