Ravencoin
RVN
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Ravencoin (RVN) is a Proof-of-Work blockchain forked from Bitcoin in 2018 focused on asset issuance and tokenization. It features solid tokenomics (score 7.0/10) with a fixed 21 billion supply, fair launch, and Bitcoin-style halving emissions, as well as a transparent team and governance structure (score 7.0/10). However, its market position has weakened against smart contract platforms (score 5.0/10), community engagement lacks granular verification (score 4.5/10), and active development reveals ongoing quality and release hygiene issues (score 4.5/10). Crucially, the overall score is subject to the Red-Flag Cap due to a recent severe consensus failure: 'However, an August 2026 critical consensus vulnerability exploited at block height 4,487,776 caused a chain split, ~3 days of deep reorganization risk, and centralized exchange deposit/withdrawal suspensions.' The raw weighted average of 5.15 is therefore capped at 5.0.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Ravencoin (RVN)
Ravencoin (RVN) is an open-source, Proof-of-Work Layer-1 blockchain launched on January 3, 2018, as a code fork of Bitcoin. Designed specifically for asset issuance, tokenization, and transfer without smart contracts, the network operates on the KAWPOW hashing algorithm with a one-minute block time. Ravencoin conducted a fair launch with no initial coin offering (ICO) or pre-mine, featuring a fixed maximum supply of 21 billion RVN and a Bitcoin-style halving schedule every 2.1 million blocks. Network utility includes protocol-level asset creation, which requires burning RVN (such as 500 RVN for main assets and 5 RVN for unique assets), distributing pro-rata dividends or rewards, and generating 1:1 VOTE tokens for native governance coordination.
The project was established by contributors including Tron Black and Adam Bull, with early backing from Overstock and advisory support from Bruce Fenton. Community coordination and development funding are managed in part through the non-profit Ravencoin Foundation alongside decentralized BIP9 consensus mechanisms, relying on donation-based funding without a formal DAO treasury. While designed for real-world asset (RWA) issuance, Ravencoin faces competition from smart-contract platforms, and its planned Gravity Upgrade has experienced roadmap delays.
The network has experienced notable security incidents and market drawdowns over its operational history. On June 3, 2020, an inflation vulnerability was exploited to mint approximately 315 million unauthorized RVN (valued at roughly $5.7 million at the time), requiring an emergency hard fork. On August 11, 2026, a critical consensus vulnerability exploited at block height 4,487,776 triggered a chain split and approximately three days of deep reorganization risk, prompting centralized exchanges to temporarily suspend RVN deposits and withdrawals. In addition to technical challenges such as an unadopted asset transfer overflow patch, the token experienced a substantial price drawdown exceeding 50% from its 2021 all-time high of over $0.20 to approximately $0.00338 during the 2026 consensus event.