What is Raven coin?
Ravencoin is a blockchain-based open source project that specializes in digital asset transfers. It was created in 2018 by Bruce Fenton and the Ravencoin Core Development Team with the goal of creating an efficient, secure, and decentralized platform for transferring assets such as tokens, stocks, or other forms of property from one user to another. The technology used for this purpose is based on Bitcoin's codebase but has been modified to meet specific use cases related to asset transfers.
Ravencoin allows users to create their own unique token types which can be used as a form of payment or represent any type of real world asset like gold coins or shares in a company. Transactions are secured using Proof-of-Work (POW) consensus algorithms which require miners who verify transactions before they are added into blocks on the blockchain network - thus providing security against double spending attacks and ensuring trustless transfer between two parties without having them rely on third party intermediaries like banks or brokers.. Additionally, Ravencoin also offers its own native currency called RVN that can be used within its ecosystem for various purposes including paying transaction fees when sending tokens over the network.
Overall RavenCoin provides an innovative solution that makes it easier than ever before for people around the world to securely transfer digital assets while avoiding costly middlemen fees associated with traditional financial services providers – making it ideal choice those looking transact quickly without worrying about potential frauds risks associated with centralized exchanges platforms .