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Ravencoin Halving

Ravencoin Halving in approximately

Current Block at #

* レイヴンコイン data powered by Ravencoin Explorer

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What is Ravencoin Halving

Ravencoin Halving is the event where the number of generated Ravencoin rewards per block will be halved (divided by 2).
The total number of Ravencoin mined by miners per block will reduce from 5,000 to 2,500 in the next Ravencoin halving at block 2,100,000, 
The number of Ravencoin found per block will become more scarce and this halving reward ensures that Ravencoin total supply will reach 21 billion. This will continue with each subsequent 2,100,000 blocks until the reward amount can no longer be halved.

 

How many days is 2,100,000 blocks?

2,100,000 blocks = 1458.33333 days @ 1 minute blocks

 

What is that in years?

1458.33333 / 365.25 = 3.992699 years (with one leap year)

 

How accurate are those timelines?

This is all dependent on the number of blocks, not calendar time. If the block speed is faster than one minute, it will be sooner. If slower, it will be longer than 3 years.

 

Okay, but can I have an example?

Example: By counting blocks on November 18th, 2018, Ravencoin was at 315.57 days, but in calendar time, we were at 319 days. This difference was caused by our mining power being increased almost every difficulty adjustment in the first months after the start of the platform.

 

What is the importance of Ravencoin Halving?

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