Ravencoin (RVN) had a good price pump after Binance exchange announced that it will be supporting the upcoming Ravencoin hardfork. RVN was gone around 14% up which is a decent pump in the cryptocurrency world. At the time of writing, Ravencoin price spiked from 0.00000346 Sat to 0.0000047 Sat within 30 minutes.
What is the new Ravencoin fork?
Ravencoin will be chaning its algorithms on October 1st to an updated version of X16R called X16Rv2. The new planned hardfork will prevent continued ASIC mining on the Ravencoin network, and to discourage future ASIC development of Ravencoin’s mining algorithm. This upgrade will make GPUs and FPGAs miners more than happy as they will be able to mine more Raven coins. Ravencoin users will have to upgrade their wallets to version 2.5.1 before Oct 1st
#Binance Will Support the Upcoming $RVN Upgrade & Hard Forkhttps://t.co/x3QKSnxwNq pic.twitter.com/XO6xSR3SC8
— Binance (@binance) September 29, 2019
What is Ravencoin?
Ravencoin is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another. it is based currentlyon the X16R algorithm and was designed to be focused on the transfer of assets within the blockchain.
