Review on CannabisCoin by Adejoh Samuel
Cannabis coin platform.
can be said to be one of the few different cryptos aimed at the marijuana industry. The project is to ease transaction for medical marijuana dispensaries. The cannabis is also said to be a peer-to-peer crypto-currency which is registered and enables them sell marijuana in regions where it is lefa
Like bitcoin and eventually most crypto-currencies of this time, cannabiscoin is a platform which uses the proof of work model. The platform has helped in countries that accepts marijuana and for a target audience of people who consume marijuana and with a successful transaction. The project is based in Phoenix Arizona in the U.S.A.
The project was launched on April 2014, and it's goes under the digital name of DeltaNine, D9 or "T4". The project has improved speedily in recent years, unlike CANN coins using CPU or GPU rather than expensive hardware
The platform was designed as a payment solution for the marijuana sellers. The cannabis sold through this movement was called CANNdy. It is said that CANN is pegged to gram of marijuana so if the value of the CANN is low then the customers can save money
Conclusion, I believe that in the next furtue people who use this platform would gain more and the transaction fee would reduce and it will be one of the platform that will be retrusted around the world
Pros
- Fast transaction and easy payment
- They have low liquidity and trading volume
- Scability and security rate
Cons
- It has high value rate
- The platform is only used in where marijuana is accepted.
