Ravencoin
Crypto Overview
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 optimize it for asset tokenization. The project is open-source and community-driven, with no ICO or pre-mine.
Intended Utility
The primary purpose of Ravencoin is to enable users to create and transfer digital assets representing real-world assets, securities, or unique items. These can include tokens representing gold, company shares, property titles, or collectibles. The platform allows for the creation of unique assets, sub-assets, and restricted assets with specific transfer rules.
Actual Utility and Implementation
Ravencoin is actively used for its intended purpose, with thousands of unique assets created on the network. The platform maintains regular development activity through its open-source community. Notable features include asset creation, messaging capabilities, and the ability to pay dividends to asset holders.
Token Distribution and Governance
Ravencoin launched with no pre-mine and no ICO, meaning there was no initial allocation to founders or early investors. The supply is generated entirely through proof-of-work mining, similar to Bitcoin. This distribution model is considered highly equitable in the cryptocurrency space.
Technology and Revenue Model
The platform operates on a proof-of-work consensus mechanism, with miners receiving newly minted RVN as rewards. The network does not involve interest-bearing mechanisms or lending protocols. Asset creation requires burning RVN tokens, creating a deflationary mechanism that provides utility to the base token.
Development and Community
The project maintains active development through a decentralized community of contributors. The GitHub repository shows consistent updates and improvements to the protocol. The project has a strong focus on technological development rather than marketing.
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.