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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| RVN | -44.79% | -22.57% | -4.99% | -60% |
| S&P | +14.5% | +93.32% | +14.09% | +147% |
Ravencoin is a blockchain project that enables simple issuance and management of tradable assets on a blockchain. It was launched in 2018 without an ICO, pre-mine, or masternodes, and is notable for its use of the X16R and KAWPOW algorithms to prevent ASIC domination of the network. The project was announced by Bruce Fenton on Twitter and has a growing community with a development roadmap of seven phases. Ravencoin is designed to be energy-efficient and aims to provide a decentralized alternative to traditional financial instruments.
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