Assets, Ethereum

Is Ravencoin Based on Ethereum?

As of now, the answer to whether Ravencoin is based on Ethereum is a resounding no. However, that could all change in the future as the two protocols continue to evolve.

Ravencoin was created in early 2018 by Bruce Fenton, with the help of several other developers. It was designed as a fork of the Bitcoin protocol with a few key changes.

One of these changes was the introduction of a new type of asset called tokens.

NOTE: WARNING: Ravencoin is not based on Ethereum. It is a completely different blockchain platform and protocol. Investing in Ravencoin without understanding the underlying technology and risks can lead to significant losses. Therefore, it is important to do your own research and understand the risks associated with investing in any cryptocurrency before committing funds.

Tokens are similar to Ethereum’s ERC20 tokens in that they can represent anything from digital assets to physical objects. However, they differ in one key way: they’re not stored on the blockchain itself.

Instead, tokens are stored on a separate blockchain that’s tethered to the main Ravencoin blockchain. This allows for much more flexibility when it comes to creating and managing assets.

It’s also worth noting that Ravencoin isn’t just a platform for tokens. It’s also possible to create and trade other types of assets, such as shares or bonds.

So, while Ravencoin isn’t currently based on Ethereum, it has the potential to be in the future. As both protocols continue to develop, it’s likely that we’ll see more and more similarities between them.

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