Written by Marlon

On August 14, 2020

Ravencoin (RVN) Profile

ravencoin
Ravencoin (RVN)
Rank: 103
$ 0.014632
Price (BTC)
Ƀ0.00000100
Marketcap
$ 104.20 M
Volume
$ 4.44 M
24h Change
1.19%
Total Supply
21.00 B RVN

Ravencoin is a fork of Bitcoin and launched in November of 2017. Ravencoin has been developed from the ground up to issue and transmit securities in an SEC-compliant manner. The founders changed critical parameters in the Bitcoin codebase to suit their mission-specific needs. 

The issuance and transfer of digital assets is the intended use case of the Ravencoin blockchain. Bitcoin and Ethereum are capable of this but are not tailor-made for this purpose. 

The Ravencoin blockchain aims to solve the myriad of issues present within these original blockchain architectures by offering base-layer functionality that makes RVN friendly towards regulators.

Ravencoin has the ability to create a subset of restricted assets with tags. Restricted assets can only be transferred to wallet IDs that contain the matching metadata tags – which may detail who has passed KYC or accreditation and subscriber status.

This tagging schema can also be used to freeze assets within an account if the wallet ID is found to have failed their OFAC screening, for example. The inclusion of these native tools is a boon for compliance teams.

RVN coins can be used to pay out dividends and rewards natively within the platform. Using the native asset eliminates counterparty risk because the chain does not have to interact with MSB operators to pay out in various fiat or cryptos.

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