{
  "url": "https://blockindex.ai/coin/rvn",
  "name": "Ravencoin",
  "links": {
    "github": "https://github.com/RavenProject/Ravencoin",
    "website": "https://ravencoin.org/",
    "whitepaper": "https://ravencoin.org/whitepaper.pdf"
  },
  "dScore": 93,
  "market": {
    "priceUsd": 0.004112934793437152,
    "marketCapUsd": 67063180.623375095,
    "volume24hUsd": 4742608.79241005,
    "priceChange7dPct": -3.95456965,
    "priceChange24hPct": -3.97305127
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 21000000000,
    "circulating": 16305432493.212673,
    "circulatingPct": 77.64491663434606
  },
  "ticker": "RVN",
  "founder": "Bruce Fenton, Tron Black, Joel Weight",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:13.441006+00:00",
  "fairLaunch": true,
  "launchYear": 2018,
  "description": "Ravencoin (RVN) is a purpose-built, open-source Layer‑1 blockchain that forked from Bitcoin with a concentrated focus on efficient on‑chain asset issuance, transfer, and ownership representation. Announced on October 31, 2017 and launched with mining binaries on January 3, 2018, Ravencoin was designed and promoted as a fair‑launch project: there was no pre‑mine, no ICO, and no privileged masternode layer. The founding team, including Bruce Fenton, Tron Black and Joel Weight, positioned Ravencoin as an application-specific ledger optimized for tokenizing digital and real‑world assets rather than a generalized smart‑contract platform. This concentrated mission created a compact roadmap centered on asset primitives, sub‑assets, unique identifiers, and economic primitives like an on‑chain RVN burn model to create assets.\n\nTechnically, Ravencoin retains the Bitcoin-derived UTXO model and Proof‑of‑Work security model, but with deliberate parameter changes to support its application goals: a 1‑minute block time (significantly faster than Bitcoin’s 10‑minute cadence), a much larger maximum supply of 21 billion RVN, and an initial block reward that started at 5,000 RVN. The project has also evolved its mining algorithm history to resist ASIC centralization — moving from X16R to X16RV2 and, since May 6, 2020, to the GPU‑friendly KAWPOW algorithm. These architectural choices preserve the benefits of a UTXO, PoW chain while optimizing for high‑throughput issuance operations and predictable asset management. The codebase and client tools are publicly accessible in community repositories and the project is maintained via community contributors and the Ravencoin Foundation.\n\nIn terms of use cases and ecosystem activity, Ravencoin targets token issuance, transfer, and custodial workflows where straightforward, auditable token ownership matters. The native burn model and first‑class asset support have encouraged adoption for collectibles, tokenized assets, and niche financial instruments. The project’s ecosystem includes explorers, dashboards, wallet clients (hardware, desktop and browser extensions) and third‑party analytics listing across major aggregators. Market access has been reinforced through listings on tier‑one centralized exchanges and the availability of trading pairs and derivative products. The project has also seen ecosystem initiatives such as RavenQuest, which tie gaming and NFT‑adjacent activity back to on‑chain RVN primitives.\n\nRavencoin’s tokenomics are simple and transparent: a fixed 21 billion maximum supply with an emission schedule driven by block rewards and halving dynamics. As of the extracted snapshots, circulating supply is approximately 15.9359 billion RVN (≈75.89% of the max supply). The project’s fair‑launch origin means there was no premine or venture allocation — PreMine and initial public issuance percentages are reported as 0.0%. This distribution model fosters decentralized miner distribution and community stewardship but also places long‑term supply and incentives strictly within the emission rules and block reward incentives for miners.\n\nGovernance and organizational structures are community‑centric and foundation‑supported rather than CEO‑led or VC‑driven. The Ravencoin Foundation and an active community coordinate development, proposals and tooling; no formal on‑chain DAO governance is documented in the supplied materials. Development has been responsive to operational threats (for example the 2020 minting exploit and the subsequent algorithm migration to KAWPOW), and the project shows ongoing maintenance through wallet releases and ecosystem partnerships. The primary near‑term roadmap items emphasized in the sources include improved asset tooling, messaging and voting primitives, and integrations that broaden custodial and exchange support. That mix of community governance, transparent monetary policy, and focused technical scope defines Ravencoin’s position as a resilient, asset‑centric Layer‑1 blockchain.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "PoW",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 12,
    "governance": 21,
    "nodeDistribution": 30,
    "initialDistribution": 25
  },
  "decentralizationVerdict": "Highly Decentralized"
}