Ravencoin: A Peer to Peer Electronic System for the
Creation and Transfer of Assets
In the fictional world of Westeros, ravens are used as messengers who carry statements of truth.
Ravencoin is a use-case focused blockchain designed to carry statements of truth about who owns
Thank you to the Bitcoin founder and developers. The Ravencoin project was launched based on the
hard work and continuous effort of over 430 Bitcoin developers who made over 14,000 commits by
the date of the Ravencoin code fork. We are eternally grateful to you for your diligence in making a
secure network and for your support of free and open source software development. The Ravencoin
project is built on the foundation you built.
Abstract. Ravencoin is a blockchain and platform optimized for transferring assets, such as
tokens, from one holder to another. Based on the extensive development and testing of the
UTXO model of the Bitcoin protocol, Ravencoin is built on a fork of the Bitcoin code. Key
changes include a block reward time of one minute, a change in the number of coins issued,
but not the weighted distribution schedule and the addition of asset creation and messaging
capabilities. Ravencoin is free and open source. All Ravencoin (RVN) are fairly issued and
mined publicly and transparently using Proof of Work (POW) using the x16r algorithm
which was created for Ravencoin. There is no private, public, founder, or developer
allocation set aside. Ravencoin is intended to prioritize security, user control, privacy, and
censorship resistance. It is open to use and development in any jurisdiction, while allowing
simple additional features for users based on need.