I know most people here are likely BTC maxis, but I'm wondering about people's thoughts on Ravencoin. It's a fork of Bitcoin Core that has added support for smart contracts etc.
https://www.coindesk.com/price/ravencoin/
I'm curious not about price speculation, but to hear from technical people how this compares to Bitcoin and LN? Especially in scalability / privacy.
It's a fork of the Bitcoin core code, it still has a capped supply upped to 21B RVN. But you use RVN to create assets and contracts, so it's similar to ETH in that way.
How does it compare technologically to having Bitcoin + LN combo? Is it also forking LN code and packaging it all together and calling it an L1 native chain?
it's not bitcoin.
DON'T DO SHITCOINING! IT'S A SIN! You have been warned
LN today? It doesn't. There isn't anything like Ravencoin for tokens available on LN today. There might be projects promising things like NFTs and equity tokens over LN, but I don't know enough about that to comment.
There are asset tokens on a Bitcoin sidechain, Blockstream Liquid. Anyone can issue a token and there are privacy benefits over similar efforts on a blockchain that doesn't have certain privacy protections.
Of course, those issuing tokens have specific needs beyond simply creating a token. So on Liquid for that, Blockstream has built AMP:
https://blockstream.com/amp
And soon there will be a decentralized OTC trading market for these tokens, XDEX:
XDEX, the First Fully Decentralized Bitcoin Powered STO Exchange Launches in Switzerland https://xdex.ch/xdex-the-first-fully-decentralized
Related:
How STOKR Works - Connecting Everyday Investors With Innovative Business Ventures https://stokr.io/how-stokr-works
Thank you for your reply. I'm just wondering if there's overlap between learning BTC + LN at the technical / transaction level (which I'm doing) and how Ravencoin does it? As a fork of Bitcoin core my guess is it's similar enough, and whatever they're doing to package contracts along with a BTC-like chain, it's gonna be similar to LN? I will read more.
No. LN scales using a layer 2 that uses the concept of payment channels. Ravencoin is entirely on-chain.
If you aren't already familiar with it, what you might want to look into would be Omni (OmniLayer) and OmniBolt, which is what Synonym is using (and building ?) to facilitate token issuance.
https://synonym.to/our-stack/
But as I mentioned above, these things I know almost nothing about.
Thank you
Smart contracts are best on L2 or L3. Build with layers, not as a Willy Wonka Do It All Machine