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Rank #1157
1,636 people like this
raven protocol  (RAVEN)

Raven Protocol (RAVEN)

$0.001313619257 17.7%
0.00000003 BTC 14.2%
0.00000397 BNB 14.5%
1,636 people like this
24H Range
Market Cap $5,824,411
24 Hour Trading Vol $10,210.69
Circulating Supply 4,412,676,723
Total Supply 10,000,000,000
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Raven Protocol (RAVEN) Price Chart

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RAVEN Price and Market Stats

RAVEN Price $0.001319926856
Raven Protocol ROI -21.0%
Market Cap $5,824,411
Market Cap Dominance 0.00%
Trading Volume $10,244.15
Volume / Market Cap 0.0018
24h Low / 24h High $0.001054986710 / $0.001366064051
7d Low / 7d High $0.000756753843 / $0.001366064051
Market Cap Rank #1157
All-Time High $0.004547774121 -71.0%
Jul 12, 2019 (about 2 years)
All-Time Low $0.000062465854 2013.0%
Mar 16, 2020 (over 1 year)

Raven Protocol Coin Price & Market Data

Raven Protocol price today is $0.001313619257 with a 24-hour trading volume of $10,210.69. RAVEN price is up 17.7% in the last 24 hours. It has a circulating supply of 4.4 Billion RAVEN coins and a total supply of 10 Billion. If you are looking to buy or sell Raven Protocol, Binance DEX is currently the most active exchange.

Raven Protocol's specific use case is to perform AI training where speed is the key. We're taking a 1M image dataset that takes 2-3 weeks to train on AWS down to 2-3 hours on Raven. AI companies will be able to train models better and faster.

Raven Protocol is creating a self-sustaining and dynamic ecosystem for:

Customers who want to train their AI engines; and/or
Contributors who would like to share their compute resources in the form of Computers, Smartphones, or even a server rack.
Raven Tokens (RAVEN) will work as the common ground to facilitate a secure transaction that will take place inside our ecosystem. Enterprise clients who want to rent compute power will do so with RAVEN and contributors of the compute power will be rewarded in RAVEN.

Raven is creating a network of compute nodes that utilize idle compute power for the purposes of AI training where speed is the key. A native token is the key to bootstrapping a nascent network.

We want to incentivize and reward people all over the world to contribute their compute power to our network. Additionally, we will reward token holders for running masternodes which will be responsible for orchestrating the training of various deep neural networks.

Our consensus mechanism is something we call Proof-of-Calculation. Proof-of-Calculation will be the primary guideline for the regulation and distribution of incentives to the compute nodes in the network. Following are the two prime deciders for the incentive distribution:

Speed: Depending upon how fast a node can perform gradient calculations (in a neural network) and return it back to the Gradient Collector.

Redundancy: The 3 fastest redundant calculation will only qualify for receiving the incentive. This will make sure that the gradients that are getting returned are genuine and of the highest quality.

Raven Protocol News & Guides

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