Cryptocurrency Q&A
What network does Ravencoin use?
What network does Ravencoin use?
VoyagerSoul
Fri Jun 21 2024
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7 answers
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Could you elaborate on the underlying network technology that Ravencoin employs? I'm particularly interested in understanding the architecture and design choices that have been made to power this cryptocurrency. Is it a fork of an existing blockchain, or is it a completely novel implementation? What are the key features and advantages of the network that Ravencoin utilizes, and how does it compare to other popular blockchain networks in the industry? Your insights would be greatly appreciated as I'm considering investing in Ravencoin and want to ensure I have a solid understanding of its technical foundations.
7 answers
CryptoWizard
Sun Jun 23 2024
Ravencoin is not a mere imitation but stands apart with its distinctive network, protocol, and asset regulations.
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Raffaele
Sun Jun 23 2024
Its pursuit of network security led to the adoption of a modified Proof-of-Work (PoW) consensus algorithm known as KAWPOW.
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Silvia
Sun Jun 23 2024
KAWPOW's primary objective is to lower the entry barrier for mining on Ravencoin's blockchain.
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CryptoPioneerGuard
Sat Jun 22 2024
This variant aims to encourage broader participation and diversity in the mining community.
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TaekwondoMaster
Sat Jun 22 2024
By reducing the hardware requirements, KAWPOW enables miners with less sophisticated setups to contribute effectively.
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