Ravencoin is a peer-to-peer blockchain, handling the effective creation and transfer involving assets from one party to another.

Ravencoin is definitely a protocol based in a new fork of this Bitcoin codes which provides features specifically dedicated to letting tokens to be issued on the Ravencoin blockchain. These tokens can include whatever houses the problem of the token determines - so they may be limited in number, named and grow issued because securities or even as collectors items.

You can make your personal protection token within moments and also have it trade around the world.

Representing real world custodied physical or perhaps digital asset

Securities tokens: stock or maybe shares of an company just where the shares usually are symbolized by a token rather than a physical stock certificate

Securities or even partnership interests together with the built-in ability to spend dividends throughout RVN

Tokens which legally represent a house, limited relationship, royalty revealing or earnings sharing system

A token which usually shows a cflexd-funded product using the ability to exchange or market the product

Representing virtual products

Seats to an event say for example a Baltimore Ravens game while using capacity to resell without worry of duplicates being built

A license to make it possible for the activity

An access symbol to use the services

In-game currency together with objects, transferable to additional players outside of the sport system

Representing the share of a project

Gold rod

Silver precious metal coins

Physical Local currency

Property Actions

DC Comics Reveals #26

Energy breaks (Electricity, Wooden, Gas, Oil based, Wind)

What Makes Ravencoin Different from Bitcoin?

The particular X16R formula expects to be able to solve the centralization regarding mining noticed on often the Bitcoin blockchain caused simply by the release of high priced and extremely effective Software Specific Integrated Rounds (ASIC) hardware. Simply by randomizing this order of of sixteen various hashing methods, Raven tends to make ASICs challenging to build up, letting room for anyone to mine the Raven circle without the disadvantage associated with competing having ASIC equipment. The Raven team comes with also committed to replace the hashing algorithms if a Raven ASIC miner can be possibly developed.

Block reward involving 5, 000 RVN as a substitute of 50 BTC.

Block time of 1 min instead of ten.

Full coin supply of 21 years old Billion instead of 21 million.

A new mining or prospecting algorithm, X16R which will allow for more decentralized gold mining.

Addition of Resource issuance, and transfer.

Long term addition of unique assets, sub-assets, rewards, messaging, together with voting.

The Raven will be some sort of highly symbolic person that will is mentioned in some sort of variety of cultures together with various purposes. One of the meanings is change for better.

As Ravencoin can be a pay of the Bitcoin code this could very okay be this meaning that the developers wanted to exhibit. It is with this symbolism that we introduce Ravencoin.

Ravencoin is the brand new project that was announced on October 31st, 2017 and debuted on Bitcoin�s 9th birthday on The month of january 3rd, 2018 with typically the launching of software to get gold mining.

Ravencoin is additional than a fork regarding the Bitcoin code this can be a project that builds after the original vision involving Bitcoin but with added in new features which will extend the functionality and the built-in value of often the coin naturally.

Ravencoin: Identical copy of bitcoin that will be used for resources. Better bitcoin built to get assets

Ravencoin is a good free open source system designed for the specific use event of copying investments such as token-backed property from one support to be able to another.

While it may possibly look that with often the development of the good blockchains such as Bitcoin and Ethereum, transferring investments in between different parties is currently the solved issue, the idea is not precisely the case. Neither Bitcoin or Ethereum were specially made for facilitating possession of extra possessions, do to the fact that they just on target their attention inside other functions.

Ravencoin is built on a hand of the Bitcoin code. Many experts have implemented with a new smaller block reward of one second (the block reward may be the only technique that brand new coins are usually created and that can be an incentive for miners to add hash electric power to often the network), together with the addition involving advantage creation and information functions.

If you are a good crypto-lover, and we are sure you are since you are really reading this right today. You can agree that blockchain technology will indeed adjust worldwide economic paradigm like we know this in the present day.

However being able for you to send out wealth transactions inside a matter of just a few seconds, around the globe and with no third parties concerned, can be just the tip associated with the banquise that this new revolution presents.

Throughout the same path regarding unstoppable evolution, Ravencoin will implement the way investments users operate with their very own wells. It will probably permit these people to handle successfully the particular transfer of their resources to another parties.

To help live our planet order movement without burning off any keypoint:

Problem

Regardless of the good results and common adoption associated with Bitcoin in addition to Ethereum, not of these blockchains experience been especially designed for you to aid the ownership of additional resources on best of the tokens that are transacted throughout their own networks.

In Bitcoin, an original rules governing the blockchain and protocol must possibly be adhered to and so this particular means that Bitcoin systems are not able to help register that will assets happen to be being embedded in as well.

This means that intended for every advantage financial transaction built on the Bitcoin community, there must be a good accompanying bitcoin purchase cost, set up transaction is to merely send the advantage.

This has as a result of unnecessary transaction fees when investments are transferred. Additionally, often the other major disadvantage is assets can easily always be �destroyed� credit rating sent to an exchange as well as pocket.

For Ethereum often the market is not able for you to natively realize smart written agreement tokens and this can cause some confusion caused by various ERC20 tokens using equivalent names. The only differentiating factor concerning contracts having identical names is typically the contract hash and this kind of can mix up users or be used along with malevolent intent to scam other folks.

As Ravencoin will end up being managing on a decentralized model having independent miners to support the stability regarding the blockchain combined along with ASIS-resistance the coin are going to have a great chance of staying in the arms of individuals and not necessarily centralized by one celebration or maybe a group of functions that can collude for you to shape the final result of an event, a new have your vote or even the price tag of the tableau themselves.

Peer to Peer Electrical System for the Design together with Transfer of Property

Enhanced for shifting resources

Bridal party offer a few positive aspects to help traditional shares or even additional participation systems: quicker copy speeds, increased customer control, and censorship resistance, and also a lowering or elimination of the need for a good trusted third party.

Remedy

The solution to often the above problems is to be able to develop a Bitcoin-like system that is completely advantage mindful so that that recognizes when tokens have already been designed as assets.

With a view to resolve the problem, Ravencoin brings to life this said:

�Keep it straightforward stupid�

by way of focusing with creating one thing, just one single specific thing� a good bitcoin-like system, totally knowledgeable concerning when tokens are made mainly because assets (Based on PoW but with the new mining algorithm, x16r).

This provides three strengths:

Assets can be safeguarded from accidentally being ruined. As the protocol and the system is mindful of this assets?�?they can be carried on the blockchain like the passenger on the coach ultimately getting them almost all safely for the desired destination.

Consumers are able to challenge, track, and transfer resources with each some other while using ease of sending a good message to one another. Now people will get across on some sort of full software specifically designed to issue, keep track of in addition to transfer assets among get-togethers.

It will provide appropriate security levels to often the main assets. To do that Ravencoin can be dependent on a wide distribution, a strong mining group plus market value in order to function.

Main Features?�?Tech Review

Ok, now all of us know the problem (the offered one, between the quite a few active issues) that requires to be solved inside current blockchain and all of us understand the solution that Ravencoin can be committed to build in order to surpass that limitation.

So� things that are next?. We need in order to go deeply into their very own tech� it appears to be a bummer, but we will handle that. Only in the fact that way you will really have got knowledge and fundamentals to help take decisions about the task.

Ravencoin bring you the following functions:

X16R Algorithm

Before most of us describe what X16R can be we all will first provide particulars behind what other gold and silver coins currently have implemented for their particular algorithms.

From the search for you to create and put into action algorithms that are ASIC resistant (meaning that purpose constructed mining machines with high hash rates could not necessarily be developed) which in turn reduces the possibilities of centralization via great mining farming, projects now have tried a new selection associated with tactics for you to hinder this centralization (such we find with Bitcoin mining).

Typically the first approach was to be able to follow memory intensive algorithms like those used simply by both Scrypt and Equihash. This requirement of additional throughout memory data reduces the performance from the ASIC in order to more onpar of the particular GPU based gold mining with the same algorithm

One other approach that was taken on, was initially Dash�s approach, which usually was to consider the X11 algorithm. This can be the use regarding 11 chained hashing methods (hence the name) inside an effort to slow down the creation of ASIC hardware.

This did not prevent the appearance of the special goal ASIC so once now there was an ASIC intended for X11, other folks added a lot more hashing algorithms to generate additional methods that were known as X13, X15 and even X17. This makes it a great deal more tough to create a great ASIC nevertheless because typically the codes are in about the same order its difficult but not impossible to create the ASIC.

What Ravecoin is doing is certainly called X16r and that will enactment like the others described previously use of sixteen algorithms for your hashing (see table below). The key difference is they have extra algorithm reordering. Its this reordering based on often the comes from the previous block that provides more ASIC resistance than other hashing algorithms.

Example:

Previous Obstruct Hash: 0000000000000000007e8a29f052ac2870045ae3970270f9?7da00919b8e86287

The ultimate 9 bytes: 0x7da00919b8e86287 can determine the particular next 16 hashes must be.

Roadmap

Phase 1?�?Complete

Ravencoin (RVN) is a Proof of Get the job done lieu built on the Bitcoin UTXO model. As along with different Bitcoin derivatives, RVN cash are distributed to be able to folks boosting the Raven network by means of mining Raven.

x1000 coin distribution (21 Billion Total)

10x more quickly hinders (1 per minute)

At app CPU mining

~1. 4 Day problems adjusting (2016 blocks)

Address get started with R� for standard tackles, or r� regarding multisig

Network Port: 8767

RPC Port: 8766

UTXO?�?UNSPENT BUSINESS DEAL OUTPUT DEFINITION

The Unspent Transaction Output is definitely key for you to bitcoin because this is how bitcoin keeps track of inputs and components on the particular blockchain. First let�s seem with how a financial institution works.

Assume Tom is to use Bank A and features an equilibrium of $5, 500 and assume that Alice who does almost all her banking with Lender W has no balance.

Dan wants to send out $2, 500 dollars to Alice. To achieve this Tom asks his or her lender to send $2, 000 for you to Bank W in Alice�s name.

This genuine financial transaction has Tom�s balance reduced by $2, 000 through $5, 000 to $3, 000 and Alice�s balance increases by $0 to $2, 1000.

Taking this particular to the particular Bitcoin blockchain:

Dan comes with received inputs in the particular volume of 5 BTC. This is through 4 dealings (inputs)

INPUTS

Received two BTC

Received 1 BTC = certain BTC

Gotten 1. 5 various BTC

Received. 5 BTC

In this particular example, Tom desires to send out Alice 2 BTC. Typically the blockchain, unlike bankers, can be not aware of amounts as in the example above therefore the transaction is noted seeing that:

OUTPUTS

2 BTC brought to Alice

3 BTC sent back to Jeff ? here is the Unspent Transaction End result or maybe UTXO

Phase 2?�?Assets (in progress)ASIC RESISTANCE

ASIC Resistance?�?A published commitment to help frequent attempts at ASIC amount of resistance. If ASICs usually are developed for x16r, and then i will, at a particular block quantity, modify one particular of the algorithms to provide Equihash, EthHash or even identical efforts to increase typically the resistance from ASIC miners to get Raven.

SPECIAL ASSET SUPPORT

Ravencoin will be some sort of hard fork that extends Raven to include to be able to issue and transfer resources. The expected release associated with asset capabilities will end up being about seven months following the release of RVN. Raven will likely be extended to allow issuing, reissuing, plus transfer of property. Investments can be reissuable or perhaps limited to some sort of set supply at the stage of issuance.

The charge to create possessions will likely be 500 RVN to develop just about any qty of a good asset. Every asset name must be unique. Property names will be limited by A-Z and 0�9, �� and �. � together with must be at least three heroes long. Often the �. � and this �� cannot be the very first, or the last appeal, as well as be consecutive.

Cases connected with valid assets:

THE_GAME

A new. TOKEN

123

Good examples regarding invalid assets:

_TOKEN

THEEND.

A.. B (consecutive punctuation)

AB

12

. PRIMARY

The particular RVN used to help issue assets will be sent to a burn up address, which will lessen the volume of RVN available.

Asset exchanges demand the common RVN business deal fees regarding transfer from one address to be able to one more.

METADATA

Metadata concerning the token may be saved in IPFS. Originally this kind of cannot be changed. Should there be a demand, the technique can be up to date in order to allow updating the metadata by the token issuer.

BENEFITS

Reward capabilities will certainly be extra to make it possible for payment (in RVN) to be able to all slots of a advantage. Payments of RVN will be distributed to all of resource owners pro caco. This is a good choice for forking over dividends, dividing obligations, as well as rewarding a group regarding symbol holders.

Example: A compact software company problems a property GAMECO that presents a new share of typically the project. GAMECO tokens can easily be traded together with other individuals. Once the software business profits, those profits can be distributed to all slots involving GAMECO by mailing the gains (via RVN) to help all holders of GAMECO.

BLOCK SIZE

Raven could increase the blocksize coming from 1 MB to help By MEGABYTES to allow intended for more on-chain transactions.

Phase 3?�?Rewards

The reward process enables the formation regarding bridal party that stay about the Raven blockchain. These kinds of tokens could be created in addition to then sent to guys as a reward to get doing something or in order to raise funds. The finances raised can then always be used to deliver almost any currency on the raven blockchain to an additional gathering.

Phase 4?�?Unique Property

Once created, assets can always be built unique for a good cost of a few RVN. Only non-divisible investments could be made distinctive. This specific moves an tool to the UTXO and associates an exceptional designation with the txid. From this point the resource may be transferred from a single address to one other and even can be traced lower back to its origins. Single the issuer in the first asset can make an asset special.

The costs to be able to make one of a kind assets will be sent to some sort of burn address.

Some good examples regarding unique assets:

Imagine that an art dealer difficulties the tool named ARTWORK. The vendor can then make unique ART WORK investments by attaching a good title or a serialized range to each piece connected with art. These unique bridal party can be transferred for you to the fresh owner down having the lady as a good proof of authenticity. The tokens ART: MonaLisa and even ART: VenusDeMilo are certainly not fungible and represent unique fecal material fine art.

A software program developer can easily issue the asset with all the name associated with their software ABCGAME, and then assign each ABCGAME token a unique identification as well as license key. Often the game bridal party could get shifted as the license transfers. Each token ABCGAME: 398222 and ABCGAME: will be unique tokens.

In video game assets. A game ZYX_GAME created unique limited edition in-game ui assets that are usually owned and used simply by the game player. Example of this: ZYX_GAME: Sword005 together with ZYX_GAME: Purse

RVN based mostly one of a kind assets can be stuck just using real world investments. Create an asset called GOLDVAULT. Every coin or gold bar in a vault can become serialized plus audited. Linked unique assets GOLDVAULT: 444322 and GOLDVAULT: 555994 may be created to stand for the specific assets inside of the actual gold burial container. The public characteristics connected with the chain allows for full transparency.

Phase 5?�?Messaging

Messages to token owners by means of authorized senders can be layered on top rated of the Phase 3 unique assets. See KAAAWWW Protocol for additional info.

Phase 6?�?Voting

Ravencoin Core Wallet Download will definitely be accomplished by creating in addition to distributing parallel tokens for you to token holders. These tokens can be delivered to RVN addresses to record a vote.

Team + Experts

Dubbed a new community tableau. Anybody can contribute and add to help the project.

The quantity of programmers involved is certainly uncertain, having said that there had been 430 Bitcoin developers who made over 14, 500 commits based on Github.

Tron Black?�?Core Developer

Tron features been in Blockchain & cryptocurrencies as a new Software Developer for 5+ decades. Currently Ravencoin Core Wallet for Medici a new VC investing in this blockchain space. His career quest is to enhance technology to help eliminate true world problems.

He or she was initially the President/CEO in Orange Squirrel for 17+ years. Blue Squirrel is some sort of software development company their particular primary product was SQURL, it was the google connected with the online at the time.

Produced Paten?�?System to be able to Verify Individuality and Track record for a good Cryptocurrency Budget Address:

Patent dateFiled June 6, 2013 Patent issuer and numberus 61831802.

Patent descriptionMethod and system with regard to voluntary detection of a good business or even individual individuality to help public crypto-currency address(es), in addition to a single digit status rating system accessible by means of API.

Bruce Fenton?�?Advisor

Bruce is a Blockchain Economic Expert. He has had 23+ years of knowledge in the Finance industry and combined with 3+ years experience in this blockchain in addition to cryptocurrency room.

He or she offers placed over $5 billion in ventures in investing resources throughout his career.

Advised the particular Bill & Melinda Gates Foundation?�?arranged, attended and staffed very senior level meetings in between Bill Gates and business and government management in Saudi Arabia, functioned with the top of Center East for the basic foundation (please note, thoughts on online money and fiscal difficulties are not associated with typically the foundation).

Located this Satoshi Roundtable private retire, a gathering of 80 connected with the top leaders within blockchain technologies.

Ravencoin Core Wallet in SpeechWorks (now publicly traded Ton with $5bn market cap).

Angel Investor in Bitcoin companies such as ShapeShift.

Advisor to Factom, BTCS and other organizations.

Presently hold 3 functions:

Board Contributer to The Bitcoin Foundation (2+ years), which will is the largest together with oldest industry group to get Bitcoin Technology.

Founder with Satoshi Roundtable Private Blockchain Retreat (3+ years), which is a invite only VIP twelve-monthly event.

Taking care of Director. CIO for atlantic Financial Incorporation. (23+)