RVN

Overview of RVN

Ravencoin, or RVN, is a peer-to-peer blockchain protocol designed to facilitate the efficient creation and transfer of assets from one party to another. Launched in 2018 by main founders Bruce Fenton, Tron Black, and Joel Weight, the Ravencoin project offers users the ability to create and manage a variety of asset types on a secure and decentralized blockchain ledger. The RVN token is the native cryptocurrency of the Ravencoin platform and serves as the underlying utility token that powers the platform. It is represented with the short name 'RVN'. Binance, Bitrex, Huobi, and several other exchanges support RVN for trading. For storage, Ravencoin Core Wallet and Trust Wallet, among others, can be used.

Pros and Cons

RVN Price Prediction

The future price predictions for Ravencoin (RVN) indicate a range of fluctuations. By 2030, the token is projected to oscillate between a low of $0.007875 and a high of $0.04066. Moving forward to 2040, the cryptocurrency is expected to reach a peak of $0.03965, with a minimum of around $0.006938, trading within this range. Finally, for 2050, technical analysis suggests a minimum price of approximately $0.006000 and a maximum of $0.03864, with an average trading cost estimated at about $0.01241.

Exchanges to Buy RVN

Ravencoin (RVN) is supported by a wide range of cryptocurrency exchanges. Below is a non-exhaustive list of some exchanges offering RVN along with the significant currency pairs and token pairs they support:

1. Binance: This exchange supports a variety of pairs for RVN, including RVN/USDT, RVN/BTC, and RVN/ETH.

2. Bitrex: Bitrex offers the RVN/USD and RVN/BTC pairs, providing users the option to trade against fiat currency or Bitcoin.

3. Huobi: On Huobi, users can trade RVN against several popular cryptocurrencies like Bitcoin and Tether, under RVN/BTC, RVN/USDT pairs.

4. OKEx: It supports RVN in the spot market with pairs including RVN/USDT and RVN/BTC.

5. Bithumb: This exchange supports RVN traded against South Korean Won (KRW) under the RVN/KRW pair.

How to Store RVN？

Ravencoin (RVN) can be stored in a variety of wallets, each offering different levels of security, convenience, and other features.

The most common type of wallet is the official Ravencoin Core Wallet, which is developed and maintained by the Ravencoin team. It supports the full range of Ravencoin features, including asset creation and transfer. However, it does require downloading the entire Ravencoin blockchain, which might not be feasible for every user due to its large size. This wallet is available for Windows, MacOS, and Linux.

Trust Wallet, a user-friendly mobile wallet available on both Android and iOS, also supports RVN. Trust Wallet offers the convenience of managing funds from a smartphone and includes security features like key encryption.

Hardware wallets such as Ledger and Trezor offer the highest level of security, as they store funds offline in secure hardware devices. This makes them immune to online threats such as hacking and phishing. For now, only Ledger offers support for RVN.

For those who prefer to store and manage their RVN holdings online, there are also web-based wallets such as SafeWallet.

Lastly, exchange wallets are a type of wallet provided by cryptocurrency exchanges where the RVN tokens are bought. While they offer a high degree of convenience, especially for traders, they generally are considered less secure than other wallet options since users do not have full control over their private keys.

FAQs

Q: What is the main function of Ravencoin's blockchain？

A: Ravencoins blockchain primarily facilitates the creation and peer-to-peer transfer of assets.

Q: How are new RVN tokens created and distributed？

A: New RVN tokens are created and distributed through a Proof-of-Work (PoW) mining process.

Q: Which exchanges support the trading of RVN tokens？

A: Ravencoin (RVN) tokens can be traded on multiple exchanges, including Binance, Bitrex, Huobi, and several more.

Q: How can I store and manage acquired RVN tokens safely？

A: RVN tokens can be securely stored and managed on various wallet options, including the Ravencoin Core Wallet, Trust Wallet, Ledger, and others.

Q: What is the main advantage of RVN's asset issuance system？

A: RVN's asset issuance system allows any user to create and manage their own crypto-asset on the platform in a decentralized manner.