Cannacoin is an open-source, decentralized cryptocurrency for the cannabis industry launched on March 28, 2014 with no pre-mine or ICO. Created by a cannabis network in Washington, U.S., the coin doesn’t seem to have had much development support this year but they can be found on facebook.
Cannacoin transitioned to a proof-of-stake velocity consensus algorithm with a sixty second block time and 2% staking interest on December 9, 2014 . The coin is currently listed on CoinMarketCap although I can’t find the coin on any exchanges. A wallet is available on their website and you can find their github here.
If you have any experience with CannaCoin or information to share please comment below, thanks for reading!
This is the fourth in a five part series on cannabis-themed cryptocurrencies. Stay tuned tomorrow when we’ll be talking about CannabisCoin!