Ravencoin is a decentralized blockchain and cryptocurrency that was launched in 2018 with a specific focus on enabling the creation and transfer of unique digital assets. Built as an open-source project, Ravencoin aims to provide a dedicated platform for users to issue, manage, and transfer a wide variety of assets, including tokens representing real-world assets, virtual goods, or even in-game currencies. The project’s name is derived from the fictional bird “raven,” symbolizing the secure and efficient transfer of assets on its blockchain.
Unlike many other cryptocurrencies, Ravencoin utilizes the X16R hashing algorithm, which constantly changes the order of the 16 hashing algorithms used. This dynamic approach to mining makes Ravencoin ASIC-resistant, preventing mining centralization and promoting a more decentralized and fair distribution of mining power. By offering a more accessible and distributed mining ecosystem, Ravencoin aims to empower a wider community of users to participate in securing the network and earning rewards through mining.
Ravencoin’s focus on asset issuance and transfer makes it a popular choice for tokenization use cases. It provides a straightforward and efficient way for businesses, developers, and individuals to create and manage their own custom tokens on the blockchain. These tokens can represent various assets, such as real estate, intellectual property, loyalty points, and more. This opens up a world of possibilities for digital ownership, asset representation, and simplified peer-to-peer transactions, making Ravencoin a versatile and promising platform with significant potential for various industries.
Online casinos accept Ravencoin as a payment method for several compelling reasons. Firstly, Ravencoin’s focus on asset issuance and transfer makes it an ideal platform for creating in-game currencies, loyalty points, or other virtual assets within the casino ecosystem. By integrating RVN as a payment option, online casinos can offer players a seamless and immersive gaming experience, where they can use RVN tokens or custom tokens representing various in-game assets to wager and receive winnings. This versatility enhances player engagement and loyalty while providing a secure and transparent payment method.
With one-minute block times and relatively low transaction costs, players can quickly deposit funds and withdraw winnings without facing significant delays or incurring substantial fees.
Secondly, Ravencoin’s fast transaction times and low fees make it a practical choice for online casinos seeking to streamline their payment processes. With one-minute block times and relatively low transaction costs, players can quickly deposit funds and withdraw winnings without facing significant delays or incurring substantial fees. This efficiency is essential in the fast-paced world of online gambling, where players expect seamless and rapid transactions. Additionally, Ravencoin’s commitment to security and decentralization ensures that online casinos can provide a secure and reliable payment option, reducing the risk of central points of failure and potential security breaches. All these factors combined make Ravencoin an attractive and advantageous payment method for online casinos looking to enhance their players’ experience and stay ahead in the competitive iGaming industry.
Due to customer demand and strengths of the Ravencoin (RVN) blockchain, Usoft Gaming N.V. has activated Ravencoin as a payment method across three of it’s popular casinos, Ravencoin can now be used to play slots and live streamed table games internationally from 28 of the leading casino game providers.
Here’s a list of casinos now accepting Ravencoin as a payment method:
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