The CannabisCoin is a crypto currency. CannabisCoin (CANN) is a X11 based alternative crypto coin. It operates on peer to peer system. CannabisCoin is an internet digital currency. CannabisCoin is designed for the Cannabis community. CannabisCoin enables making instant payments to anyone anywhere in the world. The payments are real world payments and is made instantly. This cannabis is tested in dispensaries. CannabisCoin is forked from Bitcoin and Peercoin. CannabisCoin was forked and launched in the month of May 2014.
CannabisCoin was designed and created as a solution for payments for marijuana dispensaries. CannabisCoin is representing real medical marijuana specifically designed and grown by CannabisCoin Marijuana Cultivators. CannabisCoin was also created for retailers and merchants of marijuana. These specific strains of marijuana are to be bought or sold by using CannabisCoin only. CannabisCoin is supported by marijuana, in all those places where it is accepted. Technically speaking, CannabisCoin is a Proof of Work (PoW) crypto currency. CannabisCoin is a crypto coin for community. CannabisCoin is not a crypto coin for a company.
CannabisCoin uses X11 hashing algorithm. This algorithm is resistant to Application Specific Integrated Circuits (ASIC). CannabisCoin uses Kimoto’s Gravity Well (KGW) for adjusting any difficulty in mining.
The total coin supply of CannabisCoin (CANN) is capped at 92 million. CannabisCoin mining is based on the mining protocol of Bitcoin. But mining of CannabisCoin is somehow different from Bitcoin mining. CannabisCoin can be very efficiently mined by miners by using the consumer grade hardware. Currently, CannabisCoin mining is providing a reward of 0.020507812 CANN per block. This block reward is halving at every 100k blocks. The mining confirmation reaches in at an average of every 42 seconds. All difficulties are readjusted at Kimoto Gravity Well.
The miners for CannabisCoin has to download a CannabisCoin wallet first. Different wallets are available to be downloaded using different operating systems. These are Online wallets, Windows or Mac operating system wallets. The source code is at GitHub. There are different mining pools available if the user decides to join a mining pool for CannabisCoin. Otherwise, CannabisCoin is at crypto currency exchanges Bittrex, Bluetrade and Yobit.
If a user of crypto currency or a crypto currency miner is looking for some virtual currency with good returns, CannabisCoin or CANN may be an option of profitable investment. The price of a CannabisCoin (CANN) is equal to US dollar 0.0989, as on 26th December 2017. A long-term price increase is expected with CannabisCoin, based on the market prediction.
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