RavenCash Whitepaper

1. ABSTRACT

RavenCash is a platform to provide a decentralized, secure, and efficient means of transferring value across the globe without the need for a third party.

The potential impact of actors utilizing different blockchains on the global economy could lead to a transformation in the functioning of capital markets. The significance of borders and jurisdictions may diminish as more assets become available for trade and cross-border transactions become smoother. As individuals are now able to transfer substantial wealth instantaneously through crypto, it is probable that there will be an increased demand for efficiency in the trading of securities and other comparable assets on a global scale.

2. INTRODUCTION

Nowadays every day so many new cryptocurrency projects emerge offering a variety of unique products, be it in the field of cloud computing, AI, and others even memecoin. It is undeniable that many people in the world are interested in crypto because of its decentralization and can generate passive income.

RavenCash is designed to create innovative system seamlessly integrates the most advantageous features of blockchain unique reward system, cloud mining rentals, cloud computing and other things related blockchain industry resulting in a transparent and dependable platform.

3. CONSENSUS MECHANISM

RavenCash operates on its own blockchain with KawPow Algorithm, a unique PoW consensus mechanism designed to address scalability and decentralization issues.

  • ASIC Resistance: Prevents centralization by making it more difficult for specialized hardware to dominate mining.

  • Performance: Offers improved performance over its predecessors with optimized hashing and verification processes.

  • Security: Enhances resistance against 51% attacks and other common vulnerabilities.

  • Decentralized Mining: Promotes a distributed network of miners to ensure decentralization.

  • Difficulty Adjustment: Dynamically adjusts mining difficulty to maintain a consistent block time.

4. TOKENOMICS

The total supply of RavenCash is capped at 200,609,375 coins to create scarcity and maintain value.

Coin Distribution:

Initial Distribution: First block mining (premine) 1,000,000 coin allocated to community fund.

A. 910,000 coin presale for support listing fee exchange.

B. 65,000 coin for 1 masternode monitoring.

C. 25,000 coin for airdrop, bounties.

Coin Information:

Ticker: RVH

Algorithm: KawPow

Block time: 1 minute

Halving: Every 1 million block

Coin maturity: 100 block

Masternode collateral: 65000 coin

Mining Rewards:

Block rewards for node owners and miners decrease over time according to a predefined schedule, incentivizing early participation and reducing inflation.

Reward allocation each mined block

* 5% – Dev. Team

* 30% – Miner reward

* 65% – Masternode reward

Start block

End block

Total reward

Dev. team

Miners

Masternode

1

2

1000001

2000001

3000001

4000001

5000001

6000001

7000001

8000001

1

1000000

2000000

3000000

4000000

5000000

6000000

7000000

8000000

9000000

1000000

100

50

25

12.5

6.25

3.125

1.5625

0.78125

0.390625

0

5

2.5

1.25

0.625

0.3125

0.15625

0.078125

0.0390625

0.01953125

1000000

30

15

7.5

3.75

1.875

0.9375

0.46875

0.234375

0.1171875

0

65

32.5

16.25

8.125

4.0625

2.03125

1.015625

0.5078125

0.25390625

5. MASTERNODE

RavenCash is its distinctive reward system that motivates node owners to offer dependable services and uphold the network's integrity, all while providing advantages to RavenCash coin holders. Through the platform's innovative mechanism, coin holders have the opportunity to garner additional rewards by locking their coins and actively participating in network validation. More details what is RavenCash masternode can be found: https://doc.ravencash.net/how-to-setup-masternode

6. FUTURE PLANS AND ROADMAP

A. Continuous Improvement:

  • Gather feedback from the community and users for ongoing enhancements.

  • Release regular updates and new features based on user needs and technological advancements.

B. Performance Optimization:

  • Continuously optimize network performance, transaction throughput, and latency.

C. Research and Development:

  • Invest in R&D to explore new technologies, including mining rentals, web wallet, mobile wallet, VPN, cloud storage, AI integration and advanced cryptographic techniques.

D. Partnership Expansion

  • Explore opportunities for international partnerships and market entry.

  • Form strategic partnerships with financial institutions, enterprises, and other blockchain projects.

  • Tailor the platform to meet the needs of different regional markets.

7. CONCLUSION

RavenCash outlines a strategic path to create a robust, scalable, and innovative blockchain platform. By following this plan, we aim to achieve significant milestones, foster a vibrant ecosystem, and drive the future of decentralized technology.

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