First transfer of stock tokens to a public blockchain: $ 3.6 million transferred using the Ravencoin blockchain (RVN)

Forbes reports that Doctors Ventures, a subsidiary of Overstock.com, Inc and one of the leading blockchain accelerators, used a public blockbuster from Ravencoin to successfully conduct a first digital stock token transfer representing its shareholding in Chainstone Labs, a company focused on digital securities and decentralized asset management.

Medici Ventures made a 29 percent purchase of Chainstone Labs for $ 3.6 million. The digital security token was issued by Chainstone Labs using the Ravencoin blockchain, open source, public blockchain created specifically to help users create and manage tokens and digital resources such as titles.

"Ravencoin is an ideal protocol and chain to use for this security token.The aim of Ravencoin is to do one thing and do it well: to help users to release tokens and digital resources in a safe way. in particular, securities tokens are a promising area for blockchain technology, "noted Bruce Fenton, CEO of Chainstone Labs.

The Chainstone security token is the first security token released on Ravencoin blockchain is one of the first stock tokens issued on a public blockchain without authorization such as that of Ravencoin:

"I think the blockchain technology has shown that it is very good at moving things of value around without requiring a reliable third party." Of course, this may be true for many applications, but I think the titles are one of the leading cases. use here. "

Ravencoin, a fork of Bitcoin, is a relatively young token; it is only since January 3, 2018 that it has been in the balance between the crypto currencies. But in the last month or so, since it is listed on Binance, the currency has attracted attention thanks to a high price and an intriguing use case. Even the name is interesting – it's fictitious, borrowed from the fictional world of Game of Thrones.

Ravencoin (RVN) has all the properties of a good cryptography project: no ICO, no founder holds the majority of coins, is a PoW project where anyone can undermine it with its own CPU thanks to the durable ASIC design of the date algorithm mining, is supported by a couple of reliable names of cryptographic space like Bruce Fenton and Tron Black, pays tribute to Bitcoin and is very respectful of the work of the main developers from which it was bifurcated, which in turn protects them from the help of a couple of those Bitcoin developers etc.

Ravencoin has changed the Bitcoin protocol

The community has changed the Bitcoin protocol in four main aspects:

Reward of 5,000 RVN
Block size (1 minute)
Quantity of coins available (21 billion)
Data Mining Algorithm (X16R)

With the modified mining algorithm X16R, the team wants to combat the growing centralization of mining by the ASIC miners. As can be seen from the X16R white paper, X16R is based on the same algorithms as X15 and SHA512, but in a different order. ASIC miners can not be prevented by this, but makes it more likely to extract CPUs and GPUs.

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In addition, the entire extraction process is based on Bitcoin – instead of pre-mining as with many ICOs, there is a Genesis block, which exists from the beginning, after which theoretically anyone can extract the Ravencoin.

There is also a halving in the Ravencoin – this happens every 2.100.000 blocks – the reward is halved from 5,000 to 2,500 Ravencoin, this should happen for the first time in about four years.

Currently, the project is in phase 2. After a positive start, the community of Ravencoin is implementing ways to transfer assets and property rights. In the following phases, Ravencoin also plans to make possible messages and elections. The entire roadmap can be found in the Github account.