As the world’s second-largest cryptocurrency by market capitalization, Ethereum has had a profound impact on the cryptocurrency industry. Its smart contract technology has spurred the development of a new generation of blockchain applications, and its ERC20 token standard has enabled the launch of countless innovative projects.
But Ethereum is not the only blockchain platform with smart contract functionality. There are a number of other protocols vying for a piece of the pie, and one of them is Ravencoin.
Launched in early 2018, Ravencoin is a decentralized network designed to handle the transfer of assets from one party to another. Like Ethereum, it supports the creation of custom tokens, but it also has a number of unique features that make it well-suited for certain use cases.
For example, Ravencoin’s consensus algorithm is specifically designed to resist ASICs, which are specialized hardware devices that are often used to mine cryptocurrencies. This makes Ravencoin more accessible to individual miners and helps to decentralize the network.
Ravencoin also has built-in support for messaging and asset issuance, which makes it easy to create and issue new tokens on the platform. This makes Ravencoin an attractive option for companies or projects looking to launch their own digital currency or raise funds through an initial coin offering (ICO).
So, will Ravencoin be profitable after Ethereum?
It’s impossible to say for sure. However, given its unique features and growing popularity, there’s a good chance that Ravencoin will continue to gain traction in the months and years ahead.