PotCoin is a peer-to-peer, decentralized digital coin for the legalized cannabis industry. It is a coin that facilitates payments online to promote and empower the $250 billion-dollar industry that has been largely overlooked. It also enables investors interested in this industry to legally access the cannabis market. It is open source operating under MIT/X11 license. Transactions using this coin are highly scalable, fast and secure.
POT is a PoS (Proof-of-Stake) coin that is used to makeShow more [+] yments and run operations on the PotCoin platform. It is mineable, with the first 55 blocks being premined to cater for checkpoints. The coin has a transaction processing time of 40 seconds. POT network is maintained by coin holders who stake their coins and earn interest from the same. The network offers up to 5% interest per year for the staked coins. The coin has its own official desktop and online wallets with various versions. Other wallets compatible with POT are CoinPayments and Coinomi. POT is listed on various major exchanges including CoinExchange, Cryptopia, Bittrex, Trade Satoshi, Novaexchnage and Bleutrade. The coin has a maximum supply of 420 million.
POT was developed on January 21, 2014, by three anonymous entrepreneurs using pseudonyms Hashosi, Smokemon and Mr. Jones in Montreal, Canada.