Ravencoin Assets vs. ERC-20

When selecting a token technology, you should choose the technology that works best for your project.

Cost to Transfer

The cost to transfer Ravencoin assets is much cheaper than ERC-20 or extended ERC-20 smart contracts. The cost varies by load on the Ethereum network, and the network is currently at a pretty high load because of the popularity of DeFi lending, trading, etc. If your token needs this DeFi network for its value, then you may want to bear this cost. But if your token is not dependent on the DeFi network which is mostly on Ethereum (currently), then Ravencoin assets transfer for a much lower cost.

The cost to transfer Ravencoin assets is minimal — as of this writing it under $0.0002 per transfer.

Unique Names — Anti-Spoofing

Having a unique name for your token is important for two reasons. First, is to prevent fraud and spoofing using identically named tokens. Just like we all know that IBM on NYSE market is a specific company. Imagine if there were 14 different stocks named IBM, and the only thing that distinguished the company formerly known as International Business Machines was a 40 character hex that looks like this: 0x04abeda201850ac0124161f037efd70c74ddc74d, but there are thirteen others that could look similar. It can lead to fraud as other contracts with a name of IBM…