What is the current price of Ravencoin (RVN)?

The current price of Ravencoin (RVN) is 0.01715603938591759 AUD, representing a -1.92 from the day prior.

Can I buy Ravencoin (RVN) on Coinstash?

Yes - you can easily buy and sell Ravencoin (RVN) on Coinstash. Simply login or sign up, to start buying Ravencoin (RVN) in minutes.

Where is the best place to buy Ravencoin (RVN) in Australia?

The best place to buy Ravencoin (RVN) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Ravencoin (RVN) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Ravencoin (RVN)?

The trading volume of Ravencoin (RVN) is 17.6M AUD in the last 24hrs, representing a -1.92 from the day prior.

How can I buy Ravencoin (RVN)?

Ravencoin (RVN) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Ravencoin (RVN)?

The current market cap of Ravencoin (RVN) is 259.8M AUD.

Can I convert Ravencoin (RVN) to cash?

Yes - With Coinstash you can convert your Ravencoin (RVN) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Ravencoin (RVN) are there?

The current circulating supply of Ravencoin (RVN) is 15.1B.

Is Coinstash a safe place to buy Ravencoin (RVN) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Ravencoin (RVN) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Ravencoin (RVN)

What is Ravencoin?

Ravencoin is a peer-to-peer blockchain platform optimised for the efficient creation and transfer of digital assets and tokens. It was specifically designed to offer a decentralised system for issuing and transferring assets, such as real-world commodities, securities, and virtual goods, on a secure and reliable blockchain network.

How does Ravencoin work?

Ravencoin operates by using a blockchain forked from Bitcoin, which means it shares many of Bitcoin's security features. It has modifications tailored to asset creation and transfer, incorporating a faster block time of 1 minute and the KAWPOW mining algorithm. KAWPOW is ASIC-resistant, promoting decentralised mining by preventing the dominance of specialised mining hardware. Users can create tokens by burning RVN coins and setting custom properties for their tokens, which are then transferred across the network without needing smart contracts.

What are the potential use cases for Ravencoin?

Ravencoin has several potential use cases due to its flexible asset creation capabilities:

Tokenization of real-world assets: It allows the creation of tokens representing assets like gold, stocks, and real estate.
NFTs: Users can mint non-fungible tokens, representing unique digital items like art or collectibles.
Digital securities: Companies can issue shares or other securities in digital form on the Ravencoin blockchain.
Water rights and other resources: It simplifies transactions for tokenised water rights, ownership confirmation, and resource management.
Crowdfunding: Platforms can leverage Ravencoin to fund projects through tokenised assets and incentives.

What is the history of Ravencoin?

Ravencoin was founded by Bruce Fenton and Tron Black and launched on January 3, 2018. It was developed as an open-source project without a pre-mine, ICO, or masternodes, promoting a fair distribution of RVN tokens. Initially, it employed the X16R algorithm but later transitioned to the KAWPOW algorithm to ensure further decentralisation. The project received funding from Medici Ventures, a blockchain-focused subsidiary of Overstock.com, and has since evolved with a robust community of contributors and developers.