Ravencoin

by Ravencoin

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GAS

by NEO

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PLATINCOIN

by Platin Genesis DMCC.

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Ravencoin

by Ravencoin

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GAS

by NEO

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PLATINCOIN

by Platin Genesis DMCC.

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What problem does this service solve?

Ravencoin wants to create a blockchain that will improve the tracking of digital asset ownership.GAS is used to pay for transactions on the NEO network.PLATINCOIN creates a Proof-of-Stake consensus mechanism with a long term commitment from network participants to contribute to managing the network.

Token Stats

Company Description

Ravencoin is a blockchain created by the owner of Overstock.com. It is a use case specific blockchain for the declaration of ownership of digital assets. Ravecoin is a fork of Bitcoin, and was originally funded by Medici Ventures, a blockchain investment fund owned by Overstock.com.
Ravencoin's name is inspired by the use of Ravens in sending messages, and its blockchain is designed to carry statements of truth about who owns what asset. The developers created a new consensus algorithm called x16r to solve the problems of centralized ASIC mining. The algorithm is unique in that it consists of 16 different hashing algorithms whose order are randomly changed.

GAS is the token that is used to pay for transaction fees on the NEO network. The NEO platform uses two different tokens; GAS are used to fuel the network and give holders the right to use the NEO blockchain. Similar to Ether on the Ethereum network. Although it's possible to buy GAS on some exchanges, NEO token holders automatically generate GAS as the blockchain increases in size. 8 GAS are distributed for every 100 million NEO in circulation.

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PLATINCOIN is a Proof-of-Stake coin that is minted instead of mined. Users participate in managing the network by renting hardware space from the project organizers for a period of 36 months. These computing resources will drive the PoS consensus, and the users that rent the hardware will be rewarded with newly minted PLC coins.

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