Online 3D printing store ISG has announced it has started accepting Bitcoin and Cannabiscoin as payment methods on its website, combining two disruptive technologies into one purchasing experience.
Cannabiscoin is an open-source peer-to-peer cryptocurrency aimed at easing transactions for legal marijuana purchases and was established in 2014. Cannabiscoin is based on the Bitcoin protocol but was made easier to mine with average computers.
The main feature of Cannabiscoin is a CANNdy system, which allows users of Cannabiscoin (CANN coin) to purchase one gram of marijuana for one CANN token. This was achieved by making an agreement between Cannabiscoin and sellers about growing some marijuana strains specifically for Cannabiscoin that would cost 1 CANN. Sellers also have an opportunity to sell some other strains for CANN, if they find its price acceptable. Cannabiscoin is also developing a tracking system for the coins to have an option of viewing the record of purchases for authorities to insure the legal compliance of the transaction.
Investors were happy when CannabisCoin developer Delta9 burned the coin's premine, but do any questions remain?1096
CANN is based on the Bitcoin protocol but slightly different in that it can be efficiently mined with consumer-grade hardware since it is the “only X11 Coin that is cannabis specific,” according the CannabisCoin Dev team.3971
CannabisCoin (CANN) is a PoW (proof-of-work) peer-to-peer digital currency that enables instant payments to anyone in the world.767