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What are the top 4 marijuana cryptocurrencies?

The Hempnewsbiz of top 4 weed cryptocurrencies study enabled us to highlight the 4 best marijuana cryptocurrencies that will help are:

List of Blockchain and Hemp

I think that blockchain has interesting potential applications for responsible cannabis regulation. If a governing entity such as a state, province, or federal government is going to require the blockchain for compliance and specify its parameters, then the blockchain does an excellent job of ensuring appropriate and auditable compliance. This is more likely to happen in a jurisdiction such as Washington State, which states that nearly all cannabis compliance data is publicly available.

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If the government is going to follow this path, I would recommend the entity to set up initial hosting and then allow verified peers to access the compliance chain. It will be necessary for peers to pass a rigorous vetting process because if peers are not adequately vetted but can write transactions, there is a possibility that unscrupulous parties will write fake transactions to the blockchain.

1.      MPotCoin (POT)

Launched in January 2014, PotCoin was one of the first cryptocurrencies in top 4 weed cryptocurrencies. It was designed to solve banking problems for people looking to transact in legal marijuana. PotCoin is traded directly between people without the use of a bank or clearinghouse. Its creators wanted to take advantage of the legalization of marijuana in Colorado, and even installed an automated teller machine (ATM) in Colorado at a marijuana dispensary.


2.      CannabisCoin (CANN)

The CannabisCoin was also developed in 2014, just a few months after PotCoin. It is an open-source, peer-to-peer proof-of-work currency that, like Potcoin, aims to facilitate transactions for medical marijuana dispensaries. While it initially gained popularity, it failed to provide assistance to investors


How it works? CannabisCoin promises to convert cryptocurrency directly to marijuana. Under the CANNdy name, there is a group of drugs and marijuana strains that are grown with the specific purpose of exchanging them at a rate of 1 CannabisCoin for 1 gram of drugs.

3.      DopeCoin (DOPE)

DopeCoin – also known as Dopey – was founded by Adam Howell in January 2014. Little is known about the specific markets the coin serves except that “its mission is to provide marijuana enthusiasts with a modern and safe way to do business in the 21st century.”

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According to its website, DopeCoin users can conduct transactions anonymously in less than a minute, and not pay any fees or transaction costs.

Starting with the vision of creating the Silk Road for transactions in marijuana around the world, DopeCoin was limited to nearly 117 million merchants. It is also proof of ownership of a coin, giving investors a chance to earn 5% annual interest.

4.      HempCoin (THC)

HempCoin also appeared in 2014, although its focus is less on the individuals who use it to buy weed. Instead, this cryptocurrency is designed for use in the agricultural, medical, and entertainment industries. The HempCoin website claims that its goal is to help facilitate secure transactional relationships between farmers, distributors, and consumers.


It is interesting to note that HempCoin is used in all areas of agriculture, not just those that contain weeds.