Ravencoin

RVN

Current price

$0.001514

−3.57%24h

LiveUpdated 24s ago

TodayRavencoin falls 3.6%, in line with the market.

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View as table

Time	Price

Change by period

1 hour+1.95%
24 hours−3.57%
7 days−34.54%
30 days−28.83%
1 year−84.39%

Ravencoin's move in context

Moving with the market
−3.57% today, close to the whole market (−3.27%). Nothing specific to Ravencoin stands out in the price.
Part of a slide
−34.5% over 7 days and −28.8% over 30 days: the recent move continues the monthly direction.

This is analysis of past prices, not a prediction or financial advice.

About Ravencoin

Overview

The cryptocurrency market is vibrant and diverse, but one cryptocurrency that stands out for its innovation and ambition is Ethereum (ETH). Launched in July 2015 by Vitalik Buterin and a team of visionary developers, Ethereum was designed to extend the capabilities of blockchain technology beyond mere currency transactions, focusing on decentralized applications (dApps) and smart contracts. Its core mission is to create a global platform where developers can build and deploy decentralized applications in an open-source environment, eliminating intermediaries and promoting trust through transparency. The distinguishing features of Ethereum include its programmability, adaptability, and large developer community, making it a foundational pillar in the blockchain ecosystem.

Technical Features

Ethereum operates on a unique consensus mechanism known as Proof of Stake (PoS), introduced with the Ethereum 2.0 upgrade, which is designed to enhance scalability and energy efficiency compared to its previous Proof of Work (PoW) mechanism. This shift allows ETH holders to validate transactions and create new blocks by staking their coins, thus securing the network while reducing its carbon footprint. The security model of Ethereum incorporates cryptographic principles and economic incentives that encourage honest behavior among validators. The network architecture of Ethereum is a public blockchain that allows participants worldwide to interact with its dApps while maintaining the ability to store and transfer value. Moreover, Ethereum's Ethereum Virtual Machine (EVM) executes smart contracts, enabling the creation of diverse decentralized ecosystems and unique protocols.

Use Cases

Ethereum has emerged as a powerful platform for various use cases, revolutionizing many sectors. One major application is in decentralized finance (DeFi), where Ethereum enables users to borrow, lend, and trade without traditional financial entities. Additionally, the platform supports governance systems where token holders can vote on pivotal decisions, ensuring a decentralized approach to organizational management. Ethereum is also the bedrock of many Non-Fungible Tokens (NFTs), facilitating the creation, trading, and ownership of unique digital assets. Furthermore, its robust smart contract functionality has allowed developers to build a myriad of applications ranging from supply chain solutions to social networks and beyond, providing limitless potential across industries.

Development Background

Ethereum's history is marked by innovation and evolution. Vitalik Buterin proposed Ethereum in late 2013, with the aim of addressing Bitcoin's limitations regarding programmability. Following a successful crowd sale in 2014, Ethereum was officially launched in July 2015. Significant contributors such as Gavin Wood, Joseph Lubin, and others played vital roles in its development. Over the years, Ethereum has undergone numerous updates, including the Homestead and Byzantium upgrades, enhancing its functionality and security. A notable event was the DAO hack in 2016, which led to a hard fork, creating Ethereum Classic and illustrating the complexities of decentralized governance.

Community and Ecosystem

The Ethereum ecosystem thrives on its vibrant community of developers, enthusiasts, and organizations. The platform supports a plethora of tools, libraries, and frameworks like Truffle and Hardhat, which facilitate dApp development. Additionally, Ethereum has fostered numerous partnerships with corporations and institutions, enhancing its footprint across various sectors. The various decentralized applications built atop Ethereum, including Uniswap, Compound, and Decentraland, showcase the power and potential of this ecosystem, making it a leader in blockchain innovation.

Future Potential

The potential of Ethereum lies in its continuous advancements and the growing ecosystem surrounding it. With the ongoing development of Ethereum 2.0, enhancements such as sharding aim to significantly increase transaction throughput and reduce latency, making it more capable of handling mass adoption. As the DeFi space expands and the need for decentralized solutions rises, Ethereum's role is likely to grow. Furthermore, upcoming improvements in interoperability, scalability, and user experience will reinforce its status as a go-to platform for developers and entrepreneurs alike, marking its trajectory as a pioneering force in the future of decentralized technology.

Ravencoin market

: #303; Position by market cap among the coins we track.
: $25M; Price × coins in circulation. It measures a coin's size, not its quality.
: Low $0.001436High $0.001598; The lowest and highest price in the last 24 hours. The dot marks the current price.
: $0.2852; Now 1% of itReached 20 Feb 2021 · Needs +18,739% to get back; The highest price this coin has ever reached. The bar shows today's price as a share of it.
: 16.51B RVN; 79% of max; Coins that exist now and can be traded.
: 21B RVN; The most coins that can ever exist. Some coins have no limit.

Ravencoin converter

RVN

1 Ravencoin = $0.001514