Although the nature of the POT cryptocurrency is similar to Bitcoin, it also has a number of differences. Among them can be noted.
- The specific focus of Potcoin. Unlike Bitcoin, this cryptocurrency has a special development vector and scope, which is based on the legalized trade in recreational cannabis.
- Algorithm. Even at the time of launch, Potcoin used an algorithm different from Bitcoin. Bitcoin uses SHA-256, while Potcoin was first based on Scrypt, and later switched to POSV. This affects the speed of transactions, which Potcoin has higher, the effectiveness of “mining” of the currency, as well as many other factors.
- Cryptocurrency is no longer mined. Potcoin will have to be earned in another way: instead of mining, Proof-of-Stake technology has been introduced.
It is worth noting that the source code is open in two cryptocurrencies, and the process of creating and launching cryptocurrencies is covered in many secrets, which makes them similar in some ways, although Potcoin did not achieve significant successes, especially compared to the most popular virtual currency.
A fairly narrow circle of people uses this virtual currency because Potcoin’s prospects are not too bright. Nevertheless, for users of this project, this may well be enough. Potcoin has long held at approximately the same level and at the moment, the price of the “coin” is one-third of the US dollar.
As a result, if this currency does not receive support from entrepreneurs engaged in the legalized sale of recreational hemp, Potcoin’s capitalization will not increase, and its popularity will not grow. If it turns out to attract the attention of investors, as well as users for this network, then a bright future can be expected, because the success of cryptocurrencies depends on the number of their users.
Today’s Potcoin exchange rate to the dollar (updated automatically)
Virtual Currency Wallets
There is an official Potcoin wallet with which you can make purchases, send and receive “coins”. As with many other wallets, all addresses are generated as a unique key. This key is the address to which funds can be transferred. The client program is presented in the form of several versions, including the desktop, mobile, as well as the online version.
In addition, the source code of the official client program is in the public domain, which increases the level of trust in developers. Thus, all users are protected from fraud. All popular operating systems are supported, including Windows, Mac OS, and Linux.
How to get digital currency
Although this cryptocurrency is not very successful and is not widely known, its exchange is still carried out in many exchangers. It is important to use the resource that is time-tested and not found to be fraudulent.
It’s best to use monitoring, where exchanges are displayed. Of course, it is important to use well-known monitoring, the oldest of which is BestChange. It is on this site that it is possible to find the best exchangers since all of them have been tested by BestChange employees. Only the best courses from trusted services await users.
BestChange has been working in the field of monitoring for more than ten years, this is a significant indicator. During this time, the service received due respect and popularity, which means that it can definitely be trusted.
How to earn
As mentioned above, mining is not relevant for this digital currency. In exchange, the user is offered to receive a commission for the processed transaction, which is very similar to the usual “production”. Thus, you can earn Potcoin in a manner similar to mining. This is the best option, especially if there is specialized equipment. There are also Potcoin taps. The profit is small because the user obviously will not want to do this unless he builds a referral empire.
Another good option for making money fast enough is to try yourself in trading. Of course, this type of activity is fraught with risk, but it is precisely at the jumps in the Potcoin exchange rate that you can make good money. It has long been known that all cryptocurrencies have a rather unstable price, which allows the so-called traders to make a profit.
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