"PotCoin is a peer-to-peer cryptocurrency which exists with the aim of becoming the standard form of payment for the legalized cannabis industry. PotCoin is an open source software project released under the MIT/X11 license and was technically nearly identical to Litecoin until August 23, 2015, when Potcoin changed to POSV similar to Reddcoin. PotCoin is not managed by any central authority and provides a decentralised solution for the transfer of value. As of August 2014, PotCoin has received mainstream media coverage from agencies such as Fox Business, Vice, and TechCrunch.

Much like Bitcoin, PotCoin is based on a public ledger known as a blockchain.[14] PotCoin was originally a fork of Litecoin-QT but with key differences including a shorter block generation time, a quicker halving schedule and an increased maximum number of coins.[2] Before PotCoin was publicly released, 55 blocks were mined for checkpoints. The initial block reward (the number of coins rewarded for solving a block whilst mining) was set at 420 PotCoins but on June 1, 2014, the block reward was halved and currently[when?] stands at 210 PotCoins.[15] Mining can be performed by hardware including CPUs, GPUs and more commonly scrypt ASICs. On August 23, Potcoin changed mining algorithms from Scrypt to POSV, a proof of stake algorithm designed to reward not only the ownership of coins but also transactions." source:  https://en.wikipedia.org/wiki/PotCoin


Find out more about potcoin here:  http://www.potcoin.com


![logo.png](https://steemitimages.com/DQmbNNeZ8qqu7rMeoPRxd679qxMMATjJJZAyxezcMapHZL8/logo.png)