Ravencoin

Ravencoin is a proof-of-work blockchain launched on January 3, 2018, built specifically to allow anyone to create and transfer assets — such as representations of gold bars, land deeds, gaming items, or software licenses — directly between peers without relying on a general-purpose chain like Bitcoin or Ethereum. Its stated premise is that blockchains designed for other primary purposes introduce friction and complexity when used to move assets, and that a network built solely around asset issuance and transfer avoids those problems. The native token, RVN, is the unit used to pay for operations on that network.

Ravencoin uses the X16R proof-of-work consensus algorithm, in which miners compete to add blocks approximately every one minute, earning newly issued RVN as a reward. Users who want to create or transfer tokenized assets on the network pay transaction fees in RVN, and those fees go to the miners who include the transactions in a block. The protocol does not incorporate smart contracts in the Ethereum sense; asset-creation rules are enforced at the protocol layer rather than through programmable code.

The data provided does not include a protocol-level fee revenue figure, so no fee stream, fee recipient breakdown, or protocol treasury income can be reported here. Miners receive block rewards from newly issued RVN; with 99.999232 percent of the scheduled supply already issued at this point in time, the remaining emission overhang is just 0.00016 percent of max supply, meaning the issuance-based reward pool is nearly exhausted. The circulating supply of roughly 16.43 billion RVN sits at 78.24 percent of the 21 billion maximum, and the fully diluted value-to-market-cap ratio of approximately 1.000002 confirms that almost no additional supply remains to be released.