Previous News



September 5th

Developer - Tron Black

Asset Issuance Cost


August 30th

Wallet not syncing after block 338778? Here's how to update to v2.0.4

If you did not update in time, here's what you need to do to update to wallet v2.0.4 after block 338778
Step 1. Backup the old wallet so you will have a .dat file (Best practice would be multiple backups)
Step 2. Delete the old blockchain directory except your wallet.dat file
Step 3. Download the new v2.0.4 wallet: https://github.com/RavenProject/Ravencoin/releases/
Step 4. Extract/Install the new raven-qt
Step 5. Copying your wallet.dat back in before restarting
Step 6. Run raven-qt and you're ready to go (sync from the start)
Need further support? Go to #Wallet-Support in the Community Discord 


August 24th

Developer - Tron Black

Dark Gravity Wave


August 20th

Ravencore wallet update v2.0.4 required

The Ravencoin v2.0.4 wallet binaries are now available and can be downloaded at https://github.com/RavenProject/Ravencoin/releases/tag/v2.0.4

This update will enable the Dark Gravity Wave difficulty adjustment for mining, contains the code for the asset layer that will begin activation on October 31st, and it fixes a few bugs found after v2.0.3 was released.

IMPORTANT! The DGW adjustment will activate on block 338778, which will result in a hard-fork of the ravencoin chain. Please apply the v2.0.4 binary updates as soon as possible in order to ensure that your wallets are on the correct chain after the fork. Anyone not using the new software upon the activation at block 338778 will be "forked off" and will remain on the counterfeit blockchain.


August 10th

Developer - Tron Black

Ravencoin Asset Token FAQ


July 30th

Testnet Release Announcement


Latest testnet asset layer v2.0.4 has been released, with Linux, Windows, and OSX Wallets/binaries! https://github.com/RavenProject/Ravencoin/releases/

See more info about the testnet here:
https://raven.wiki/wiki/Testnet

Report any issues or bugs you find here:
https://github.com/RavenProject/Ravencoin/issues

Test as much as you can! Create, Manage and share your tokens with others on Testnet.

FAQ:

Q: Do I need to update my wallet?
A: Yes, The upcoming fork to DGW at block 338778 requires wallet v2.0.4

Q: What is DGW?
A: Dark Gravity Wave or DGW is a difficulty algorithm that adjusts every block.

Q: What is a testnet?
A: A testnet is a completely separate wallet and blockchain from the main Ravencoin chain. It is meant for testing purposes only, and Ravencoins mined or sent on this chain have no value.


July 26th

Developer - Tron Black

Ravencoin as an Asset Platform

Ravencoin began life as a code fork of Bitcoin on the ninth anniversary of the Bitcoin blockchain. This was not a coincidence. Ravencoin shares a lot with Bitcoin besides code. The zeitgeist of Ravencoin is similar to that of early Bitcoin before the bickering began. The price per RVN is low, fees are low, and the community is open, welcoming, and friendly, and our forums are not unnecessarily censored. If you just want to ease into a crypto-currency, Ravencoin is great choice.

But Ravencoin will soon diverge from Bitcoin because Ravencoin has a masterplan to become a platform for assets.

Most in the crypto space are familiar with the term “ERC20” which is a simple smart contract named after “Ethereum Request for Comment” number 20. This template smart contract allows issuance of a token of any quantity and a transfer function. This standardization caused ERC20 to be the platform of choice for most ICOs

Ravencoin improves on ERC20 in four ways.

  1. It’s easier to use because it removes the complexities of navigating smart contracts, and Ravencoin is purpose built for asset issuance and transfer. Ethereum, on the other hand, runs general purpose code contracts, and wasn’t designed with asset transfer as its primary use case, and therefore can never be as easy to use as Ravencoin.

  2. Ravencoin allows messages to be broadcast to token holders. This capability is extremely important and valuable. Many ERC20 token issuers have learned the hard way that Ethereum doesn’t have a message broadcast system.

  3. Ravencoin allows voting by the token holders. Vote tokens can be distributed to your token holders. Vote tokens can be sent to specific addresses to vote.

  4. Ravencoin allows asset token holders anywhere in the world to be paid (in RVN) if desired. This reward or dividend feature is very powerful, and allows a capability that didn’t exist before the advent of crypto-currency. Ravencoin makes it simple and easy to reward your token holders and early believers in your project.

Ravencoin, the crypto-currency, is not a security and had a very clean pathway to development. In the current environment, it’s important to know how the platform was developed, as some projects have regulatory overhang because of way their development was funded. Ravencoin (RVN) were never sold to fund the project. The only issuance of RVN is by the protocol, to miners who help secure the network by validating transactions and adding proof-of-work to every block.

The new features of Ravencoin will create an ecosystem. The use cases for assets on the Ravencoin blockchain are limitless. Tokens that represent gift cards, shares, property, commodities, money, licenses, etc. can be issued and transferred quickly and easily by anyone.

Ravencoin is a technology platform which brings the best features of crypto-currency to the issuance of tokens. It has the security and immutability of a UTXO based crypto-currency, with an ease of use and cross-platform ambitions that haven’t been seen yet in the crypto ecosystem.

Some jurisdictions require registration when the token represents a security, and we expect further clarification of the rules as the regulatory agencies continue to adapt to the tectonic shift that occurred when bitcoin launched on January 3, 2009. But even under the strictest regulatory regimes, there are exemptions like Rule 504 for Regulation D for smaller projects that would be perfect for Ravencoin. In some jurisdictions, the issuance of shares as tokens is perfectly legal and Ravencoin will thrive in those jurisdictions.

Ravencoin is jurisdiction agnostic and is designed to operate as a censorship resistant ledger for tracking asset issuance, asset ownership, and asset transfers. Additional features like rewards, messaging, and voting make it the perfect platform for many projects.

Ravencoin has also added several features that will help bridge the gap between the secure tokenized asset and the token’s real world value. Each issued token can include an Interplanetary Filesystem (IPFS) hash which includes metadata related to the token. This metadata can provide contact info, purpose, description, and even a digitally signed file linked to the token. The metadata can also include proof that the document was signed by the token issuer. All of the metadata is optional, but will prove beneficial when evaluating tokens, and the economic value proposition from the issuer.

Metadata spec: https://github.com/RavenProject/Ravencoin/blob/develop/assets/asset_metadata_spec.md

Ravencoin cannot enforce the real world behavior of the asset issuer, and cannot guarantee that the issuer will live up to their promises, but Ravencoin does allow the issuer to prove they’ve signed the documents that are immutably associated to the token. This additional link to the real world can bring a level of transparency, and accountability that is needed and is unique to the Ravencoin platform.

Beginning August 2018, the testnet will be live with Ravencoin’s asset capabilities. Messaging, voting, and rewards will be introduced as soft forks before the end of the year. Assets will begin activating on mainnet starting on Oct 31, 2018, which is the one year anniversary of the post introducing Ravencoin.  


July 21th 2018

Developer - "Under"

ASSET LAYER TESTNET ANNOUCEMENT

Ravencoin was launched on January 3, 2018, as a free, open source platform forked from the Bitcoin codebase. Since that time, Ravencoin has operated as a fully functional network based on the Bitcoin UTXO model. All coins have been fairly mined by a decentralized network of miners using the ASIC-resistant X16r algorithm. Since the launch, developers have been actively working to add additional asset creation functionality to the Ravencoin core wallet client, as contemplated by Phase 2 (asset support) of the Ravencoin roadmap. The Ravencoin community is now able to run the current core Ravencoin client in testnet mode, in order to generate addresses that will be able to receive testnet RVN.

On July 30, new asset layer features will be added to the core wallet client for use on Ravencoin’s test network. These features are expected to include additional capabilities that will facilitate the native creation, issuance and transfer of asset tokens. A revised version of the core client software will be made available for download on GitHub. This will allow for rigorous community testing of the native asset layer functionality — including the creation and issuance of testnet assets — in contemplation of the anticipated launch of this functionality on the mainnet in October. This testnet network will be a completely independent secondary blockchain for testing purposes only, in which all tokens will have no intrinsic value and will not be traded on exchanges. The purpose of a testnet is to test features and functionality before introducing those features and functionality to the main blockchain. It is a playground to experiment and test different features with almost no cost to transact or mine blocks. During this testing phase, the Ravencoin blockchain itself will continue to maintain the same operation and functionality it has today.

To run your current wallet in testnet mode: 1) First shutdown your current full client wallet. 2) Create a shortcut to your raven-qt.exe with this in the target field: "C:\Users<username>\Path\to\executable\raven-qt.exe" –testnet 3) Open the wallet by clicking on the shortcut you just made, and let the blockchain sync fully Don't worry, this will not interfere with your regular Raven wallet, just make sure both wallets are not running at the same time. For those who are technically inclined, running in testnet mode does not overwrite any of the blockchain data or wallet files of Ravencoin’s main network. Instead, it will create a subfolder named testnet3 inside your data folder where all testnet related data and wallets reside. If you would prefer to err on the side of caution, consider running your testnet wallet on a different computer.

There are currently a couple of tools available to assist you with testnet testing. A fully functional block explorer for testnet Ravencoin is available at https://testnet.ravencoin.network. A faucet which will issue you 5000 free testnet Ravencoin per click, is also available at https://testnet.ravencoin.network

 
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