The future of cannabis and CBD Coin is now. Cannabis and cryptocurrency both offer a promise of freedom that we crave as human beings.
We want to be freed from oppressive systems, and we want to be able to do what we please. Blockchain and cannabis are both methods for us to create our own reality, but what is blockchain? How does it work? And what can it do for cannabis? Here, are some ways you can learn the basics about blockchain and how it could change your life.
A blockchain is an open ledger of transactions that are updated on a continual basis and that can be read by anyone. They’re popular among the blockchain community because they offer secure, unhackable transactions. They also make it much easier to prove a claim, such as confirming you were at a particular location when a CBD coin took place.
In an interview with the Daily Dot, Ethan Priest, former director of the US Patent and Trademark Office’s (USPTO) cannabis patent office, explained:
A blockchain is a distributed ledger like the Internet is a distributed ledger. Each participant in the blockchain can create blocks of transactions and add their blocks to the chain, which is a connected and growing list of all the blocks.
Most of these posts are talking about purchases made with a debit card, so let’s make sure to avoid scams. This is the main way cannabis is purchased online. When you buy cannabis online, you’re often paying with a credit card. That means that you’re giving the seller the full amount of your credit card balance at the end of the transaction. This is called “transferable credit” — you’re not really getting what you’re paying for.
Blockchain is the digital, decentralized, tamper-proof, immutable ledger that records every transaction across the global network. Anyone on the blockchain can add new transactions, meaning it’s impossible to censor transactions, or so-called “double spend.” With every new addition to the blockchain, a block is added to the chain. Every block has a timestamp, so it can be used to keep track of time as it passes. The network uses peer-to-peer technology, which means there are no servers in the middle of the transaction. “Satoshi Nakamoto” came up with the idea of Bitcoin in 2008, and it’s now the most popular form of cryptocurrency in the world CBD coin.
Some of the most compelling uses for blockchain in the cannabis space are in seed-to-sale tracking and cannabis-specific ID systems.
The cannabis industry is quickly becoming one of the biggest economies in the world, due in part to huge investors and incredible consumers. We are continuing to evolve as a society, and it is my hope that in the near future, we will fully legalize cannabis. I think that when we do, it will set the tone for the rest of the world to follow suit. If you’re someone who wants to invest in the cannabis industry, we hope you take away a few ideas from this article and see what the future has in store for us. Cannabis is the future, and we all must be prepared for it. We are all going to be living in a completely different world soon. We just have to make it one where we have a new way of thinking and trading.