Ravencoin (RVN) is an open-source blockchain project that specializes in the creation and peer-to-peer transfer of assets. Ravencoin enables users to create and trade any real-world (e.g. commodities) or digital (e.g. virtual goods) assets on a network. The core developers launched Ravencoin on 3 Jan 2018. The project has some prominent backers: Bruce Fenton, Board Member of The Bitcoin Foundation, advises the team while Overstock has made a multi-million dollar investment into the project.
What is Ravencoin?
Ravencoin is a blockchain specifically dedicated to the creation and peer-to-peer transfer of assets. Just as Monero is solely focused on privacy, Ravencoin specializes in asset transfer – nothing more, nothing less.
Although you can exchange assets over other blockchains, like Bitcoin and Ethereum, that’s not their intended purpose. And the lack of specialization leads to problems that are specific to transferring assets. Ravencoin enables you to create and trade any real-world (e.g., gold bars, land deeds) or digital (e.g., gaming items, software licenses) assets on a network with only that in mind.
How do I buy cryptocurrency?
While some cryptocurrencies, including bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoin or another cryptocurrency.
To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as bitcoin or ethereum.
Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell bitcoin and other cryptocurrencies.