Since the increasing number of American states declared marijuana legal in some form (medical and recreational), this cryptocurrency was invented for the purposes to serve the cannabis industry back in 2014. Employing a peer to peer technology, Cannacoin grants its participants the possibility to transfer funds and coins without a third party being involved.One CCN costs a nickel and the market cap of the currency moves around the quarter-million-dollar mark. The block time for CannaCoin is one minute, and the total supply of the currency is planned to reach above 13 million CCN.

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