Cannacoin
Contents
What is Cannacoin™?
Unleash the power of blockchain in the cannabis industry with Cannacoin™—the pioneering Layer-1 Scrypt-based blockchain crafted specifically for the global cannabis market. Born from a fork of Litecoin, Cannacoin™ burst onto the scene on March 28, 2014, via NWGT.org, breaking down the banking bans and "cash only" barriers that plagued medical marijuana patients due to cannabis's federal Schedule I classification.
Cannacoin™ isn't just an evolution—it's a revolution in distributed computing and decentralized technology, standing shoulder to shoulder with Bitcoin in its innovation. Conceived by the enigmatic Subcreative, the mastermind behind the once-thriving NWGT.org—a leading online medical cannabis forum in the Pacific Northwest—Cannacoin™ embodies the fusion of visionary technology and the cannabis movement.
As a groundbreaking form of digital currency, Cannacoin™ is engineered for cannabis investment and commerce, serving as a decentralized, internet-based medium of exchange, a reliable unit of account, and a secure store of value. It's more than just a coin; it's the financial catalyst the cannabis community has been waiting for.Cannacoin Core (CCN$) was launched with a commitment to fairness and transparency, utilizing a Proof of Work consensus mechanism with zero pre-mine and no ICO—ensuring equitable distribution from day one. Then, on December 9, 2014, at block 370,000, Cannacoin™ made a visionary leap to a Proof of Stake model, offering an attractive annual staking interest of 2%. During its Proof of Work phase, a total of 4,625,000 CCN were mined, contributing to its capped maximum supply of 13,140,000.
Join us at the forefront of a financial revolution. Cannacoin™ isn't just a cryptocurrency—it's a movement redefining the future of cannabis commerce. Welcome to the new era where finance meets freedom, tailored exclusively for the global cannabis community.Why Was Cannacoin™ Created?
Since its launch in 2014, Cannacoin™ has been a pioneering force in leveraging cryptocurrency to revolutionize the cannabis industry. Tailored specifically for this sector, Cannacoin™ addresses the unique financial challenges and regulatory hurdles that have long hindered growth and innovation.
Why Cannabis & Cryptocurrency Are a Perfect Match
- Financial Inclusion: Cannacoin™ empowers cannabis businesses by circumventing federal banking restrictions, fostering financial inclusivity, and enabling seamless operations.
- Transparency & Traceability: Utilizing blockchain technology, we ensure transparent and immutable tracking, meeting the rigorous standards required in both the cannabis and crypto industries.
- Enhanced Security: We guarantee transaction security and confidentiality through robust cryptographic methods—a critical necessity for the sensitive nature of the cannabis market.
- Seamless Transactions: Cannacoin™ facilitates quick and effortless transactions, an essential factor for the timely distribution and accessibility of health-related cannabis products.
- Innovative Market Structure: Our mission is to modernize and organize cannabis markets, leveraging the plant's enduring popularity and potential through the innovative use of Cannacoin™.
We champion the seed-to-sale model as an industry game-changer, employing blockchain to track every stage of cannabis production. This approach ensures unparalleled quality control, accountability, and transparency, paving the way for a sustainable and trustworthy cannabis industry.
Rooted in the evolution of Web3, we've naturally progressed into DeFi, smart chains, NFTs, and advanced inventory tracking. Each innovation offers unique advantages:
- Decentralized Finance (DeFi): We're building decentralized financial infrastructures tailored to the cannabis industry's unique needs, freeing businesses from traditional banking constraints.
- Smart Chains: By adopting platforms like Ethereum, we create sophisticated financial products and achieve seamless interoperability within the ecosystem.
- Non-Fungible Tokens (NFTs): We utilize NFTs for authenticating cannabis products and intellectual property, ensuring verification of origin and authenticity.
- Advanced Inventory Tracking: Through smart contracts, we enhance inventory management, ensuring meticulous traceability while reducing human error.
Here is the Cannacoin™ Avalanche ERC20 Token on Pangolin DEX:
How Does Cannacoin™ Work?
Cannacoin™ demonstrates the adaptability of cryptocurrencies in addressing environmental concerns and evolving technological challenges. Initially launched with a Proof-of-Work (PoW) consensus mechanism similar to Bitcoin, Cannacoin™ required miners to expend significant computational power to validate transactions and secure the network, rewarding them with Cannacoin tokens. Recognizing the high energy consumption and environmental impact associated with PoW, Cannacoin™ transitioned to a more energy-efficient Proof-of-Stake (PoS) model on December 9, 2014, at block 370,000. In the PoS system, transaction validation is based on the number of coins users hold and are willing to stake, significantly reducing energy usage while maintaining network security and integrity.
Where Can I Acquire Cannacoin™?
Imagine a world where your passion for cannabis and cutting-edge blockchain technology unite to create unprecedented opportunities. That world is here, and it's called Cannacoin™. Think of Cannacoin™ as that elusive, top-shelf strain everyone raves about but few have had the pleasure to experience—except this time, it's within your reach.
We're thrilled to announce that we're on the verge of launching a revolutionary smart contract-based Cannacoin™ for consumers. This innovation will make purchasing your favorite cannabis products as effortless as a tap on your smartphone. Yes, you read that right—soon, you'll be able to shop for cannabis online and even in physical dispensaries using our state-of-the-art cryptocurrency.
This is more than just a new payment method; it's a groundbreaking investment opportunity. If you've been waiting for the perfect moment to dive into the cannabis industry with a unique crypto twist, that moment is now. Don't miss your chance to get in on the ground floor of a movement that's set to redefine the future of cannabis commerce.
Ready to elevate your experience?
Who are We?
We are the Cannacoin™ community—a diverse collective united by our shared belief in the transformative potential of blockchain technology within the cannabis industry. Launched in 2014, Cannacoin™ emerged as a value-based cryptocurrency designed to tackle the unique financial challenges and regulatory hurdles facing this burgeoning sector. Our community spans growers, dispensaries, consumers, tech enthusiasts, and advocates—all envisioning a world where the safe and legal exchange of cannabis is facilitated by a secure, decentralized, and universally accepted cryptocurrency.
Committed to fostering Cannacoin™ as a medium of exchange, a unit of account, and a store of value for cannabis and related products worldwide, we draw strength from our deep roots in both the tech and cannabis communities. Originating from the now-defunct "NWGT.org" (Northwest Green Thumb)—an online medical cannabis forum based in the Pacific Northwest—our foundation is built on a legacy of innovation and community engagement.
Our founder, the pseudonymous Subcreative, foresaw a future where the resilience of protocols like BitTorrent and the revolutionary power of distributed computing could be harnessed to serve the cannabis community. As we grow and evolve, we strive to create a sustainable and inclusive digital economy for the cannabis industry—one that respects our planet through the use of a proof-of-stake model and empowers every member of our community.
We are the Cannacoin™ community, shaping the future of cannabis transactions, one coin at a time.
Our Mission
At Cannacoin™, our mission is to serve as a catalyst for community and service within the cannabis industry. We aim to provide a safe and efficient means for cannabis commerce, empowering users to give back to their communities. Since 2014, we've operated under the philosophy of safety, service, and freedom, striving to bring Cannacoin™ to the masses to make the world a better and safer place.
As a cryptocurrency designed specifically for the global cannabis community, we offer a purposeful alternative at a time when Bitcoin is becoming too valuable for everyday transactions. Cannacoin™ ensures liquidity for years to come, offering an efficient, transparent, and secure platform for transactions. With our innovative ideas and seamless user experience, we're ready to revolutionize the way cannabis commerce is conducted. What are you waiting for?
Our Team
Subcreative and JamesonWA
Creators (resigned)
Brent Kohler aka deusopus
Original Development Team
Project Lead since 2019
In gracious memory of Phil Cohen aka RebPhil
Original Lead Developer
RIP
Special Thanks and Acknowledgments
- Satoshi Nakamoto
- Charlie Lee
- Vitalik Buterin
- Craigslist
- NWGT.org
- IRC
- YouTube
- BitcoinTalk Forum
- The Cannacoin Community Network
- The original Cannacoin development team
- Discord
- The Reddcoin Team
- VashTheStampede
- tokyopotato
- CryptoKid
- GodCloud
- promad
- cookietoshi
- walledgarden
- Bill48105
- Stoner19
- mat195
- Hel
- mrhobbeys
- Mik0
- Brian Tugmon
- Doc
- Nathan
- Jesse
- barrystyles
- davey
- Grimnir (May He Rest in Peace)
External Links
- Cannacoin on CoinMarketCap
- Cannacoin on Twitter
- Cannacoin Discord Community
- Cannacoin on Telegram
- Cannacoin Subreddit
- Cannacoin GitHub Repository
- Cannacoin Shop
- Cannacoin on Amazon
- Cannacoin Blog
Countdown to Cannacoin Day
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