Convert and Swap Ravencoin RVN to Indian Rupee INR
RVN/INR: 1 Ravencoin equals ₹1.77 INR
Ravencoin (RVN) is not tradable on Coinbase.
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Last update: 5:27 PM, December 22, 2024
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Ravencoin is falling this week.
The current price of Ravencoin is ₹1.77 per RVN. With a circulating supply of 14,633,594,591.408 RVN, it means that Ravencoin has a total market cap of ₹25,988,533,020.02. The amount of Ravencoin traded has fallen by ₹257,016,294.87 in the last 24 hours, which is a 30.31% decrease. Additionally, in the last day, ₹847,967,824.33 worth of RVN has been traded.
About Ravencoin
Ravencoin (RVN) is a digital peer-to-peer network that seeks to implement a use-case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Launched on January 3rd, 2018, Ravencoin is built on a fork of the Bitcoin code, focusing on building a useful technology, with a strong and growing community. It is a truly open-source project, with no initial coin offering (ICO) or masternodes. The project is named after the ravens from the TV show Game of Thrones, which were used as messengers carrying statements of truth.
Ravencoin operates on a blockchain optimized specifically for the transfer of assets such as tokens from one holder to another. It features four key changes from the Bitcoin code: a modified issuance schedule with a block reward of 5,000 RVN, a reduced block time to one minute, a coin supply capped at 21 billion (a thousand times more than Bitcoin), and a mining algorithm (KAWPOW, formerly X16R and X16RV2 respectively) intended to mitigate the centralization of mining caused by ASIC hardware. The KAWPOW algorithm is designed to be ASIC resistant, allowing most consumer-grade GPU hardware to mine Ravencoin.
Ravencoin aims to solve the problem of assets transfer and trading over blockchain. The RVN coins are designed as internal currency within the network and must be burnt in order to issue token assets on the Ravenchain. These assets can represent anything: real-world custodial objects like gold or physical euros, virtual goods and objects, a share of a project like stocks and securities, airline miles, or an hour of someone’s wage, etc. The planned future versions of Ravencoin protocol will support integrated messaging and voting systems, further expanding its potential use cases.
The Ravencoin whitepaper was published by Bruce Fenton, Tron Black, and Joel Weight, all seasoned businessmen and developers. Fenton is known in the crypto world for being a board member and an executive director of the Bitcoin Foundation from 2015 to 2018. Tron Black is a principal software developer with more than 30 years of experience, including leading several software companies as a CEO. Joel Weight is a chief technology officer at Overstock.com, a well-known online retailer. Ravencoin was announced on Oct. 31, 2017, and released binaries for mining on Jan. 3, 2018, with a fair launch: no premine, ICO, or masternodes.
How Ravencoin and Indian Rupee differ
Ravencoin (RVN) and the Indian Rupee (INR) are both mediums of exchange, but they operate in fundamentally different ways. Ravencoin is a digital asset that operates on a peer-to-peer network, aiming to facilitate the efficient transfer of assets from one party to another. It's built on a fork of the Bitcoin code and operates on a blockchain optimized specifically for asset transfers. Unlike traditional currencies like the INR, Ravencoin has no physical form and is not controlled by a central authority like a government or financial institution. Instead, it's maintained by a community of users and developers. On the other hand, the INR is the official currency of India, issued and regulated by the Reserve Bank of India. It exists in both physical form (notes and coins) and digital form (bank account balances). While Ravencoin's supply is capped at 21 billion and new coins are created through a process called mining, the supply of INR is not fixed and can be adjusted by the central bank to manage economic conditions. Furthermore, while Ravencoin seeks to enable the transfer and trading of assets over blockchain, the INR is primarily used for buying goods and services within India.
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RVN to Indian Rupee conversion tables
The exchange rate of Ravencoin is decreasing.
The current value of 1 RVN is ₹1.77 INR. In other words, to buy 5 Ravencoin, it would cost you ₹8.87 INR. Inversely, ₹1.00 INR would allow you to trade for 0.56 RVN while ₹50.00 INR would convert to 28.17 RVN, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 24.66%. Meanwhile, in the last 24 hours, the rate has changed by 1.13%, and that the the highest exchange rate of 1 RVN to Indian Rupee was ₹1.81 INR and the lowest 24 hour value was 1 RVN for ₹1.71 INR. This time last month, the value of 1 RVN was ₹1.84 INR, which is a 4.96% increase from where it is now. Looking back a year, Ravencoin has changed by ₹1.90 INR. That means that in a single year, the value of Ravencoin has shrank by 10.04%.
RVN to INR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
₹1.79 INR | -1.13% | ₹2.35 INR | -24.66% | ₹1.84 INR | -4.96% | ₹1.90 INR | -10.04% |
RVN to INR
Amount | Today at 5:27 pm |
|---|---|
0.5 RVN | ₹0.89 |
1 RVN | ₹1.77 |
5 RVN | ₹8.87 |
10 RVN | ₹17.75 |
50 RVN | ₹88.74 |
100 RVN | ₹177.48 |
500 RVN | ₹887.41 |
1,000 RVN | ₹1,774.81 |
INR to RVN
Amount | Today at 5:27 pm |
|---|---|
0.5 INR | 0.28 RVN |
1 INR | 0.56 RVN |
5 INR | 2.82 RVN |
10 INR | 5.63 RVN |
50 INR | 28.17 RVN |
100 INR | 56.34 RVN |
500 INR | 281.72 RVN |
1,000 INR | 563.44 RVN |
Today vs. 24 hours ago
Amount | Today at 5:27 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 RVN | ₹0.89 | ₹0.89 | -0.26% |
1 RVN | ₹1.77 | ₹1.78 | -0.26% |
5 RVN | ₹8.87 | ₹8.90 | -0.26% |
10 RVN | ₹17.75 | ₹17.79 | -0.26% |
50 RVN | ₹88.74 | ₹88.97 | -0.26% |
100 RVN | ₹177.48 | ₹177.95 | -0.26% |
500 RVN | ₹887.41 | ₹889.73 | -0.26% |
1,000 RVN | ₹1,774.81 | ₹1,779.47 | -0.26% |
Today vs. 1 month ago
Amount | Today at 5:27 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 RVN | ₹0.89 | ₹0.92 | -4.00% |
1 RVN | ₹1.77 | ₹1.85 | -4.00% |
5 RVN | ₹8.87 | ₹9.24 | -4.00% |
10 RVN | ₹17.75 | ₹18.49 | -4.00% |
50 RVN | ₹88.74 | ₹92.44 | -4.00% |
100 RVN | ₹177.48 | ₹184.88 | -4.00% |
500 RVN | ₹887.41 | ₹924.41 | -4.00% |
1,000 RVN | ₹1,774.81 | ₹1,848.83 | -4.00% |
Today vs. 1 year ago
Amount | Today at 5:27 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 RVN | ₹0.89 | ₹0.97 | -8.22% |
1 RVN | ₹1.77 | ₹1.93 | -8.22% |
5 RVN | ₹8.87 | ₹9.67 | -8.22% |
10 RVN | ₹17.75 | ₹19.34 | -8.22% |
50 RVN | ₹88.74 | ₹96.69 | -8.22% |
100 RVN | ₹177.48 | ₹193.38 | -8.22% |
500 RVN | ₹887.41 | ₹966.90 | -8.22% |
1,000 RVN | ₹1,774.81 | ₹1,933.80 | -8.22% |
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