Ravencoin
Crypto Overview
Purpose and Utility
Ravencoin is a blockchain specifically designed for the efficient creation and transfer of digital assets. Launched in 2018, it's a fork of Bitcoin focused on enabling users to create and trade tokens representing real-world assets, digital collectibles, securities, or other forms of value. The primary use cases include tokenization of physical assets, securities, NFTs, and game assets.
Business Model and Technology
The platform uses a modified Proof of Work consensus mechanism called KAWPOW, which is ASIC-resistant to promote decentralization. Users can create unique assets, sub-assets, and unique tokens with metadata. The protocol emphasizes transparency and maintains an open-source development approach.
Real-World Adoption
Ravencoin has seen adoption primarily in the asset tokenization space, with various projects using the platform for real estate tokenization, digital art, and collectibles. The network processes thousands of daily transactions, demonstrating active usage of its core functionalities.
Development Activity
The project maintains active development with regular updates to the core protocol. The GitHub repository shows consistent contributions from multiple developers, indicating ongoing technical maintenance and feature development.
Token Distribution
Ravencoin launched with no ICO, pre-mine, or founder allocation, following a fair launch model where all tokens are mined into existence. This distribution model aligns well with principles of fairness and transparency.
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.