What You Need to Know About Ravencoin

Описание: Great discussion with Tron Black on why Ravencoin may become the security token blockchain of choice

Ravencoin is a cryptocurrency that allows users to create and transfer digital assets on a decentralized network. It is based on Bitcoin, but it has some unique features that make it different. For example, Ravencoin has a faster block time of one minute, which means transactions are confirmed quicker. It also has a higher supply limit of 21 billion coins, compared to Bitcoin's 21 million (ravencoin.org).

Ravencoin's main focus is on asset creation and transfer. Users can issue their own tokens on the Ravencoin blockchain, which can represent anything from securities to collectibles. These tokens can have custom rules and properties, such as name, quantity, and divisibility (ravencoin.org).
RECAP:
The video is an interview with Tron Black from the Ravencoin Foundation about Ravencoin, a decentralized blockchain platform for creating tokens with unique names and metadata. The platform is not dependent on any specific domain names and is open source, with anyone able to run it. Ravencoin was created by Bruce Fenton, the former executive director of the Bitcoin Foundation, and is based on the Bitcoin code with modifications made for security and the ability to create tokens.

Ravencoin is unique in that it has a DNS-like registration system for token names, which ensures that each name is unique and eliminates the potential for fraud. It also allows for the documentation of token metadata and has anti-money laundering (AML) and know your customer (KYC) features built in.

Tron Black mentions that Ravencoin is a good platform for tokenization in general, including for security tokens such as real estate projects. He mentions DigiShare as an example of a platform that uses Ravencoin for compliance and tokenization.

There are no smart contracts on Ravencoin, but token distribution is done through a two-line process that sets up a snapshot of ownership and then distributes tokens pro rata. Tron Black also mentions that he will discuss specific use cases in a future episode.

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