BLUF: RVN price drop along with other crypto markets due to COVID-19 selling — hit low of $0.01, back to $0.016. Virtual Ravencoin Meetup in AltSpaceVR replacing meatspace meetup. Ballet wallet manufacturing proceeding in China, Nevada phase delayed. Both iOS and Android RVN wallets updated.
— — — — — — — — —
The mining algorithm is replacing x16rV2 with an algorithm that is optimized for modern GPUs. The algorithm is a derivative of Ethash, further enhanced to be optimized for GPUs to progPOW, and then further refined to fix some bugs, and make some Ravencoin specific changes and is called KAWPOW. This algo is now running on Ravencoin’s testnet and will be introduced to the mainnet code on April 15th for activation on May 6th. It is, as always, up to the miners, and economic actors to upgrade.
https://medium.com/@tronblack/ravencoin-asic-thoughts-round-two-f4f743942656
— — — — — — — — —
Since the last update, a lot has changed. COVID-19 has locked down most of the world in an effort to prevent the spread of the virus. The global economy and markets have sold off, and crypto was not spared. Both BTC and RVN dropped by about half. Both are recovering, and RVN is up 60% from its low of about $0.01 to $0.016.