Pot coin 2.0 Explained, Legends of NFT unboxing, and WAX project launching soon
Todays post Has quite a bit to get through today, There has been so much happening in blockchain and there is no way to get through everything. Given that POT coin has announced a 2.0 version and its potentially a good investment to be aware of ill start with this. Afterwards Ill throw in an NFT unboxing my largest ever, as well as the usual airdrop and last but certainly not least WAX NFT projects launching tomorrow or Saturday you may want to purchase.
Most people likely have never heard of POT coin, those who have heard about it usually view POT coin as a Joke currency myself included. However I came across something interesting that lead me to check out their site, Though I had already done a write up about Marijuana Cryptocurrency POT coin as of 2 months ago was all but devalued.
Although this post on reddit mentioned that POT coin was going to be upgraded to a 2.0 version.
After checking out their site 2 things immediately stood out number 1 the price was now at 0.04 USD, the second being the page with the POT 2.0 information. What I found was rather interesting it seems that POT is being integrated with Nexus a rather unique Blockchain that has a fairly astounding set up.
So let's begin with POT
The new and improved PotCoin infrastructure has been incubating under careful cultivation to achieve maximum market penetration, community participation and adoption acceleration! PotCoin now provides the best of breed, bleeding edge blockchain platform combined with unparalleled industry vision, values and wisdom distinguishing our community as a leader in the global cannabis landscape!
Identifying a core chain with respectable values and robust infrastructure that can tolerate the expectations of a rapidly expanding ecosystem is a challenging endeavor. However, this is amplified significantly in the contentious cannabis industry which currently handles trillions of transactions coupled with outrageous growth prognostications. Our diligent research has proven that with Nexus under consideration, from a community and technology standpoint, there is no comparison.
Blazing Fast and Robust
Nexus has been completely developed from the ground up, designed with sustainability and on-chain scalability in mind, they aim to expedite global expansion and long-term adoption. Recent testing results proved 10k+ Transactions Per Second (TPS) is sustainable and the sharding developments will theoretically push TPS into the hundreds of thousands. This is absolutely crucial considering PotCoin’s existing partnerships, expansive plans for utility, innovations and an overflowing pipeline of prospective cooperatives.
Fortified for the Future
As regulatory uncertainty reverberates across the cannabis industry, Quantum Resistant (QR) consideration has risen in priority. Several features forge defense-in-depth protection for PotCoin against threats even in the quantum vicinity. The primary factors include replacement of static private keys with One-Time Signatures (OTS) uniquely generated for every PotCoin transaction (attack window reduction), and the auxiliary use of leading cryptography (FALCON lattice-based signatures, SABER, etc.). Additionally, PotCoin will be designed with a hybrid network model initially, enabling confidentiality and privacy while leveraging the security of the Nexus via hash injection.
Signature Chains (SigChains) addresses a significant blockchain deficiency, management of private keys. Users can now login to their PotCoin wallet with a username, password, & PIN combination, providing access to all accounts, tokens, and assets. The key for each transaction is derived from the credential combination, meaning that private key storage and backups are unnecessary! This also means your new PotCoin account is entirely portable, allowing access from anywhere while custodial functions are managed dynamically.
Free Transactions and Transparent Contract Costs
No, that’s not a typo! PotCoin now offers fee-free transactions for the majority. A fee is applied if more than one transaction is sent within a 10 second period, to maintain network security. The cost of a smart contract is predictable, based on complexity of operations and is provided before execution. Therefore, the risk of failed contract executions and unpredictable costs is removed completely, as experienced with Ethereum frequently. Considering the vast amount of PotCoin business incentives, customer rewards and similar holder advantages under development, this feature is priceless!
Decentralizing the Decentralization
NXS is the native token that drives the base infrastructure, and POT is migrating to this platform as a token. Both have been mined into existence since 2014 without an ICO. PotCoin will eventually migrate to a sister model that will provide true token-based consensus, supplying incentives for securing the network, thus further decentralizing our cannabis ecosystem.
A Decentralized Autonomous Organization (DAO) is being designed based on a social stack methodology, embracing meritocracy and reinforced with mathematical regulation. This will ultimately provide PotCoin with a trustless voting infrastructure, improving participation of the community, overall equality and governance transparency.
Intuitive Wallet and Simplified Development
Elegant and intuitive are perfect words to describe the new PotCoin desktop wallet, perhaps the best in the industry. A modular design enables cannabis DApps to be installed on the wallet for true Peer-to-Peer (P2P) functionality. The Nexus mobile wallet (in beta) uniquely offers full network connectivity and User Interface (UI) customizability. It will operate as a trustless lite node, providing mobile and Internet of Things (IoT) level PotCoin devices the security and privacy of a full node, with minimal storage, memory and processor impact.
A suite of Application Programming Interfaces (APIs) gives developers access to numerous ready-made functionalities to aid in the building of cannabis related smart contracts, Decentralized Applications (DApps), tokens, and Non-Fungible Tokens (NFT’s, i.e. Assets). One of PotCoin’s integral features leveraging this functionality will be supply chain management, providing crucial certification and quality assurances at every stage of product development, from Seed-to-Sale (S2S).
This opens up DApp development opportunities to anyone with web-developer skills and can greatly reduce the costs and time associated with bringing a PotCoin product to market. Available on bubble.io, a powerful no-code platform, Nexus and PotCoin are now the first and only blockchain plugin, which is being leveraged by aspiring projects to showcase various Minimum Viable Products (MVPs) in all market verticals.
Nexus effectively is preparing for the inevitable development of something that resembles a quantum computer. A development of a quantum computer would effectively create a security risk for several different types of private keys utilized in cryptocurrency security.
With the rise in the power of classical computers and the emergence of quantum computers, public keys are becoming increasingly vulnerable. Most cryptocurrency addresses are created by hashing or obscuring the public key. Though, when a user makes a transaction the public key is revealed on the blockchain. In the realm of classical computing there is little risk with this method. However, a quantum computer running Shor’s algorithm could break most public key cryptography in little to no time, resulting in funds being stolen. Though most conjectures range from five to ten years before security could begin to break, Nexus has prepared by integrating a number of cryptographic innovations that support increased levels of quantum resistance
Nexus mining is a rather impressive hybrid of Proof-of-Work PoW and Proof-of-Stake witch mines utilizing both a GPU and CPU simultaneously.
Why joke currencies are not funny
DOGE the big dog in the room when this discussion comes up, and I'm a fan of Litecoin which is another PoW Proof-of-Work system. While not all that long ago we considered DOGE a joke and LTC not worth mining. Now that could not be further from the truth, for you fledgling blockchain users around 3 to 4 years ago a PoW craze of blockchain systems reminiscent of the Bitcoin PoW came to a abrupt halt.
At the time the unregulated market had been dramatically damaged by pump and dump scams on the various forums of cryptocurrency on the market. Causing many of the early projects based on the Bitcoin PoW system to become devalued many projects didn't survive this. These incidents have also been the source of criticism cryptocurrency users use to hear from detractors.
Detractors still exists but it's hard to hear with all the DOGE coin profits. Right now the POT 2.0 upgrade is possibly making POT the next joke currency you may want to stop laughing at and start taking seriously.
I am very optimistic about this based on the simple fact that this fossil of a bygone Era is stirring the price was a flat line with this announcement it suddenly quadrupled in value.
Many of the old PoW cryptocurrency fossils from the 2018 die off may be worth keeping an eye on. I know of a few revolutionary ideas or innovations that sounded revolutionary but unfortunately they lacked the necessary infrastructure to facilitate the development, combined with a volatile system that was easily exploited by malicious third-parties via price manipulation means many of these projects never made it.
HempCoin(THC) is a great idea on paper but it was scrapped due mostly to the technical limitations. This was a project designed to allow for users to invest in stock of the hemp cultivation facilities. Grouping several of the largest companies in to a combined wrapped type system.
While once that was a lofty ambition smart contract wrapped projects are the norm today and making a system that is effectively designed to do exactly this is within the realm of possibility.
Particularly in tech industry we have to reflect on past experiences and systems when moving forward, not grounded in the past but improving our collective knowledge with it.
Necessity is the greatest reason for invention what was once dismissed or rendered obsolete in certain cases has a funny way of finding its way back to relevance.
What im smoking
As usual vaping like its air, and today I'm also smoking Purple Rhino, Its from my usual dispensary which their records can best be described as non existent so most of the time with their product I have to reference leafly for those wondering.
Indica dominant Hybrid THC 20% CBG 1%
Skunky but sweet flavor with a hint of diesel or pine, Great for my chronic pain and honestly just strong enough to even work on me. Most of the pot I review takes far to much to get me stoned Its nice when a bowl or bong does the trick. Of course I'm also as always drinking infused tea with all that.
##Legends of NFT Unboxing
for a cost of $25 USD I purchased a NFT pack containing 30 NFTs today, while not something I planned for the pack is the largest I could reasonably afford ever so I had to give it a shot.
Receiving 5 epic cards selling roughly for $8 on the lowest listed price I believe this was a success but given the rather unheard of nature of the collection as it stands its still a risk though a minimal one.
For this reason Legends of NFT 30 pack gets a ratting of
4.4 out of 5
Collections to be aware of launching
Mutant rockers by the same company that made cartoombs and rap monsters R2 with EOS Amsterdam launches the Mutant rocker collection this weekend tomorrow I believe but I'm far to busy to find the exact day I believe its Friday.
This collection comes from some studio I'm unfamiliar with making it a risk but given the quality of their concept are the price of packs and the limited minting of under 5,000 packs of 10 They are worth the purchase price of $13 in my opinion
Why alien worlds is going price crazy
No real place for this info but Alien worlds the free NFT mining game on WAX has had their market explode they are having a competition for a drill NFT that has caused their prices to get extremely high 5x the value is undercutting the significance of this price increase in certain cases the NFTs are 100x their value a week ago or so
I can airdrop right to twitter accounts now
dont know what I'm going to do with this yet but I figured out how to just gift NFTs to twitter accounts so you may want to follow me on twitter nothing yet but I think ill be utilizing this feature soon.
Collect social hits main page for wax dapps
The first social nft collection completion site is moving forward with their project quite quickly just signing in daily can earn you crypt or nfts and completing nft collections
Single claim airdrop
I try to include a single claim airdrop url for WAX wallet users containing free NFTs, It may only be claimed by the first lucky person to click the link. After claimed once the URL will no longer be active.
Please let others know the link has been claimed in the comments it helps
4/20 Air Drop
Sorry to sound like a broken record about this but I'm just making sure all my readers know this 4/20 I'm doing my second NFT airdrop. First 42 people to leave their WAX wallet address on my Weedcash post on 4/20 Titled 4/20 airdrop get exclusive event only NFTs & a NFT joint with WAXP reward to burn.
More free wax nfts try either of these services that could be really helpful for new users looking to get more assets.
If you want to purchase any of my thousands of NFTs they can be found here including Splinterlansd, the new alien horrors, Bitboy comics, and legends of NFT.