In the fictional world of Westeros, ravens are used as messengers who carry statements of truth.
In the real world, the presence of ravens in the Tower of London is surrounded by myth and legend. The future of both Country and Kingdom relies upon their continued residence, for according to legend, at least six ravens must remain lest both Tower and Monarchy fall.
There are seven ravens at the Tower today. Their names are Hardey, Thor, Odin, Gwyllum, Cedric, Hugine and Munin. If anyone decides to ever fork the Ravencoin code – please keep those names in mind!
I first saw Ravencoin (RVN) on a mining pool. To me to see large number of miners putting their resources behind a coin means I need to make sure to pay attention.
So, the first box was ticked for Hardey – miners showed interest. Go, investigate.
The second box was ticked for Thor when I realised that with block size of 5000 RVN even with my modest CPU I can mine full coins. Wonderful, read more.
The third box for Odin was the ascetic website: https://ravencoin.org/ Informative with no fancy graphics, to the point and nothing that was overwhelming. I thought, guys behind are not pushing it on anyone, they must be pretty confident in its qualities. Who are in the team?
And so the fourth box for Gwyllum was the team. Or at least the names I could find: Tron Black – Principal Software Developer at Medici Ventures, Joel Weight – CTO at Medici Ventures, Bruce Fenton – Board Member of Bitcoin Foundation. Later I read that over 400 bitcoin developers took part in writing the code. Big box ticked. I was then very keen to learn what RVN was in fact about.
The fifth box ticked for Cedric was the product designation: a digital peer to peer network for the facilitation of asset transfers. Ravencoin is a use case specific blockchain designed to carry statements of truth about who owns what assets. Well, I thought, it certainly was a very specific and at-some-point-in-the-future a must to have. I want to know more.
More reading and digging lead to the sixth box ticked for Hugine. Just a snapshot of that prompts one to respectfully stand up while reading: Ravencoin is built on a fork of the Bitcoin code. Ravencoin is not designed to be cash. Ravencoin is intended to prioritise user control, privacy and censorship resistance and be jurisdiction agnostic, while allowing simple optional additional features for users based on need. Right, I kept thinking, I want to play a part in this. Even if just through holding the asset.
Basic technical data came as the seventh box ticked for Munin. It was ticked naturally and without a hint of hesitation:
Algorithm: X16R (ASIC resistant)
Block Time: 1 minute
Block Reward: 5000 RVN
Total Coin Supply: 21 Billion
I could now see a bright future and was a decided holder of RVN. With full support of the Tower ravens.
More reading and useful links: