Hemp coin is bringing you history in the making.
Cryptocurrencies are designed and created to enable people to transfer digital coins without the interference of banks. The transfer requires transaction verification which is done using some technology such as the popular Bitcoin-based blockchain. The importance of this technology has been and embraced in the agricultural and cannabis world. Hempcoin (THC) and Potcoin (POT) are some of the popular cryptocurrencies which operate in this area.
What is Hempcoin (THC)?
Hempcoin whose acronym is THC was developed in 2014. It prides itself as a niche-focused cryptocurrency which focuses on agriculture and farming industries. The altcoin also has a special attachment to the marijuana industry. It is an open-source software which means that it allows developers from around the world to contribute. Its developers have used Bitcoin’s source code. The current users of this altcoin include marijuana dispensaries, speculative traders, farmers and distributors from around the world.
THC is increasingly becoming embraced by businesses. It is the hope of the Hempcoin team that the currency gets adopted such that agricultural goods and services around the world get priced using the crypto. It is important to note that Hempcoin focuses more on the usage and freedom of Hemp than in the recreational smoking of cannabis. Unlike new cryptos introduced in 2017, this altcoin has taken time to reach where it is now. The current price of THC is $$0.124236 while its market capitalization is $25.558 million. At the start of 2017 the price of this cannabis crypto was $0.00028. This means that is has surged at a rate of 44,000% this year.