Cryptocurrency Q&A
What chain is RVN on?
What chain is RVN on?
FireFlyer
Thu Jun 20 2024
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7 answers
1773
Could you please elaborate on the blockchain network that RVN, commonly known as Ravencoin, operates on? I'm curious to know the specific technical details behind its infrastructure. Is it a fork of an existing blockchain, or is it a completely new and independent implementation? Understanding the underlying technology of RVN's blockchain is crucial for investors and enthusiasts alike, so I'd appreciate a concise yet comprehensive description of its network architecture.
7 answers
BitcoinBaron
Sat Jun 22 2024
This asset-aware functionality allows for the creation of digital assets or tokens that can represent various real-world or digital items, such as company shares, loyalty points, or even non-fungible tokens (NFTs).
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Valentina
Sat Jun 22 2024
While tokens can technically be issued on the original Bitcoin blockchain through various protocols, such as Mastercoin, Counterparty, and the Colored Coins protocol, Bitcoin nodes themselves are not inherently built to recognize these tokens.
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Maria
Sat Jun 22 2024
Ravencoin addresses this limitation by incorporating token issuance functionality directly into its core code, enabling native support for tokens on the Ravencoin blockchain.
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CherryBlossomBloom
Sat Jun 22 2024
Ravencoin is a cryptocurrency that emerged as a fork of the original Bitcoin blockchain.
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ShintoSanctuary
Sat Jun 22 2024
Unlike Bitcoin, Ravencoin is specifically designed to be 'asset aware,' meaning it is capable of recognizing and facilitating the issuance of tokens on its network.
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