Question 1

What are Ravencoin and RVN?

Accepted Answer

Ravencoin is a peer-to-peer blockchain built on Bitcoin code and the UTXO model, with an added focus on on-chain asset issuance and transfer. RVN is the network's native crypto asset; other assets issued by users on Ravencoin are asset units separate from RVN. The network layer provides capabilities for recording asset names, quantities, divisibility, reissuance settings, and associated data, but those records do not by themselves automatically grant asset holders rights to offline property, companies, or services.

Question 2

What is RVN used for?

Accepted Answer

RVN is Ravencoin's native coin. It is used to pay ordinary transaction fees on the chain and must be sent to a burn address when creating or modifying multiple types of on-chain assets. Burned RVN is no longer controlled by usable addresses, so asset creation reduces the amount of available RVN. RVN itself does not represent ownership of an asset issued on the chain. To transfer an asset, a user transfers that asset's dedicated output; RVN used for transactions and asset units are recorded separately in the protocol.

Question 3

How is RVN issued, and what is its supply?

Accepted Answer

RVN has a maximum supply of 21 billion coins. It is issued through proof of work: miners submit computational work to compete to produce blocks, and blocks that meet the rules receive RVN block rewards. The approximately one-minute designed block time determines the confirmation cadence, rather than providing an absolute guarantee of settlement for an individual transaction. Proof-of-work difficulty adjusts to bring the block-production cadence toward its target as hash rate changes. Actual mining income also depends on block rewards, difficulty, equipment efficiency, energy costs, and RVN's market price, and cannot be derived from the supply cap alone.

Question 4

What role does KAWPOW play in the Ravencoin network?

Accepted Answer

Ravencoin uses the KAWPOW proof-of-work algorithm. The project roadmap states that, after specialized ASICs emerged during the X16R and X16RV2 stages, the network adopted KAWPOW through a community fork; its design goal is to reduce the efficiency advantage of specialized ASICs relative to consumer graphics cards, thereby improving the dispersion of mining participation. This change affects how miners submit work and how hardware competes; it does not change the basic fact that RVN is a proof-of-work coin. An algorithm's design goal does not guarantee that hash-rate distribution will be fully decentralized at any given time.

Question 5

What types of assets can be created on Ravencoin?

Accepted Answer

Ravencoin supports main assets, sub-assets, and unique assets. Main assets can set total quantity, whether they can be reissued, decimal precision from 0 to 8 places, and associated data; holding their ownership asset allows the creation of sub-assets. Unique assets are derived from a main asset or sub-asset, with only 1 of each able to be created; they cannot be reissued and are indivisible. Asset names must be unique, and nodes reject creation transactions with duplicate names. Associated data can point to information such as an IPFS hash or transaction identifier, but an on-chain name and metadata can only demonstrate a technical record and cannot independently prove that the corresponding offline underlying asset exists or has any particular legal effect.

Question 6

Why does creating or reissuing a Ravencoin asset burn RVN?

Accepted Answer

Creating different assets burns different amounts of RVN. The official asset page lists: creating a main asset burns 500 RVN, a sub-asset 100 RVN, and a unique asset 5 RVN; reissuing an asset burns 100 RVN. The transaction sends this RVN to a designated burn address rather than paying it to an issuer. Therefore, the burn cost is both part of the creation operation and a cost attached to names and asset records. It does not guarantee that an asset has value, liquidity, or compliance; issuers must still determine the asset terms and the responsibilities they bear.

Question 7

Can Ravencoin assets be increased in supply or split?

Accepted Answer

Whether an asset can be reissued is determined by metadata at issuance. If an issuer sets the reissuable flag to no, it cannot later be changed back to reissuable; if the asset is reissuable, only the party holding the relevant ownership asset can increase its quantity or update certain metadata. Divisibility determines the smallest transferable unit: when set to d decimal places, the smallest unit is 10 to the power of -d. During reissuance, decimal places can be increased but not decreased; these rules affect asset supply and transfer precision and cannot be determined from the name alone.

Question 8

How do Ravencoin restricted assets control transfers?

Accepted Answer

Restricted assets can be combined with qualifier assets and address tags to specify which addresses may receive the asset. A party holding the relevant qualifier or restricted-asset ownership can use tags to qualify addresses, remove qualifications, or set restrictions; if a restricted asset is not associated with any qualifier condition, it cannot be transferred. This is a set of on-chain transfer-control tools and does not automatically complete identity verification, legal compliance, or investor protection. The related rules are set and maintained by the asset issuer, and holders should also review the issuance terms.

Question 9

How do rewards for Ravencoin asset holders work?

Accepted Answer

Ravencoin supports asset issuers distributing rewards in RVN proportionally to holders of an asset. Its core process is: the issuer determines the amount of RVN to distribute, calculates each address's share based on asset holdings, and then sends RVN to asset holders. This feature is only a distribution capability provided by the protocol. Whether an asset promises a distribution, when it is distributed, who receives it, and its legal nature all depend on the issuer's terms; holding RVN or an asset itself does not constitute an inherent right to returns.

Question 10

Does holding RVN mean owning other assets issued on Ravencoin?

Accepted Answer

No. Ravencoin can represent stocks, physical goods, licenses, or other things as on-chain assets, but “represent” only describes the link between an on-chain token and an issuer's statement. What economic or legal rights an asset holder actually has depends on the issuer, asset terms, custody or delivery arrangements, and applicable law. Holding RVN certainly does not mean holding any third-party-issued asset. RVN is the network's native coin; an asset's name, quantity, metadata, and transfer records can be verified on-chain, but off-chain commitments must still be independently verified.

Ravencoin (RVN) Price