RVN/RUB: Convert Ravencoin (RVN) to Russian Ruble (RUB)

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.