Ravencoin Classic (RVC) is a Fork Off the Ravencoin (RVN) Blockchain

25
May 2020

It appears that there is a Ravencoin Classic (RVC) fork off the Ravencoin (RVN) blockchain that has actually happened along the last RVN hardfork when the brand-new KAWPOW algorithm has actually been adopted by Ravencoin. The important things that distinguishes RVC from RVN is the reality that the Ravencoin Classic maintains the original X16R mining algorithm that has actually been presented with the launch of RVN. The concept to fork from X16R to X16Rv2 and after that to the KOWPOW algorithm for Ravencoin is to keep RVN GPU mining friendly and to repel secret FPGA/ASIC miners as such obviously exist for X16R and X16v2 currently. Yet the Ravencoin Classic (RVC) fork that retains the original X16R algorithm and is being described by F2pool (the biggest pool to support RVC mining at the moment) with things such as “RVC can be efficiently mined with GPU cards” and “RVC can not be efficiently mined with CPU or ASIC mining devices”. Remarkably or not the mining profitability with GPUs of RVC with X16R is presently lower for the very same hardware RVN with KAWPOW.

Now, regardless if you support the Ravencoin Classic (RVC) or not, similar to other forks if you had Ravencoin (RVN) in a local wallet, then you will be able to claim your RVC coins at 1:1 ratio to do whatever you desire with them. You just need to copy the wallet data file to a brand-new setup of the RVC wallet, make certain you use the datadir command line parameter to utilize a customized folder for the Ravencoin Classic blockchain information as otherwise it will attempt to overwrite the RVN data you have readily available. The RVC wallet must have replay defense already, though it is constantly a good idea to first move your RVN coins to a new address before doing anything with RVC, just to be on the safe side! Ravencoin Classic (RVC) is currently being traded only on the Longbit crypt exchange which is an Asian one (switch to English language in the upper right corer of the screen), though it accepts worldwide registrations. It however requires you to go through an identity confirmation procedure before you can transfer and trade coins, so have in mind that you require to pass that too.

— To check out the main Ravencoin Classic (RVC) fork site for more information …

Publihsed in: Crypto Coins

Related tags: F2pool, F2pool RVC, Longbit, Ravencoin Classic, Ravencoin Classic exchange, Ravencoin Classic mining, Ravencoin Classic swimming pool, Ravencoin Classic trading, Ravencoin Classic X16R, Ravencoin fork, RVC, RVC exchange, RVC mining, RVC pool, RVC trading, RVC X16R, RVN fork, X16r, X16R coin, X16R crypto, X16R mining

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