Ravencoin Classic
Crypto Overview
Overview
Ravencoin Classic (RVC) is a fork of Ravencoin that emerged after disagreements in the community regarding a change in Ravencoin's mining algorithm. Like the original Ravencoin, RVC maintains the original KAWPOW mining algorithm and focuses on asset tokenization capabilities.
Purpose and Utility
The primary purpose of RVC is to enable users to create and transfer digital assets on its blockchain. These assets can represent real-world assets, digital collectibles, or securities. The platform allows for the creation of unique tokens, sub-assets, and messaging capabilities between token holders.
Business Model and Development
RVC maintains the core features of the original Ravencoin protocol, including asset creation, transfer, and messaging capabilities. The project operates on a proof-of-work consensus mechanism using the KAWPOW algorithm.
Real-World Adoption
Current adoption appears limited, with most activity centered around mining and trading. While the asset tokenization capabilities exist, there is minimal documented usage of these features in real-world applications.
Token Distribution
RVC follows a fair launch model with no pre-mine or ICO. Tokens are created through mining, similar to Bitcoin's distribution model. This approach aligns with principles of fairness and equal opportunity in token distribution.
Crypto Impact
To assign a comfort level investing in Ravencoin Classic 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 Classic.
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.