Ravencoin's protocol is an altered version that is based on bitcoin's "proof-of-work" (PoW) consensus method. It is similar to Bitcoin because it's a decentralized system that permits funds to be transferred across cryptocurrency wallets.
However, the assets, network and protocols are distinctive. Ravencoin employs a mining algorithm known as KAWPOW that is different with bitcoin's Proof of Work approach.
For the majority of cryptocurrency miners need special mining software to solve difficult mathematical puzzles and receive an amount of block rewards. To mine RVN however, special equipment is not needed because of Ravencoin's KAWPOW algorithm.
The Application runs on a normal computer, and it can solve math-related problems and create RVN tokens. Token creators are able to send letters to anyone who owns Ravencoin. This is an additional feature unique to RVN tokens.
A unique feature that is unique to RVN cryptocurrency is its creators' capability to communicate with anyone who holds RVN tokens. This enables transparency and openness between holders of cryptocurrency which is a top priority of those who hold the tokens.
Top comments (0)