PotCoin A cryptocurrency for banking the cannabis industry

PotCoin is an industry-specific cryptocurrency designed to securely facilitate transactions within the legal cannabis industry.

Background

PotCoin attempts to ameliorate some of the many financial difficulties that plague the legal marijuana industry by providing an industry-specific cryptocurrency for use among merchants and consumers. PotCoin is a simple codebase fork of Litecoin which famously enjoyed celebrity partnerships with personalities like Dennis Rodman in an attempt to popularize their goals to serve the cannabis market.

Technology

PotCoin first launched as a Litecoin variant using a Proof-of-Work (PoW) hash algorithm with 40 second average block times and a difficulty algorithm that adjusts every block. On August 1, 2015, PotCoin transitioned to a Proof-of-Stake-Velocity (PoSV) hash algorithm with the same block time target and difficulty adjustment.