THELOGICALINDIAN - PRESS RELEASE PotCoin is brief over from their bequest blockchain to Nexus NXS PotCoin has fabricated Nexus their belvedere of best with the aplomb that calm they will best serve the growing cannabis industry The recreational and medical cannabis bazaar in North America already accounts for almost 177 billion in 2024 and is anticipation to ability 473 billion by 2027 1 an estimated 44 anniversary access As cannabis continues to be decriminalized and legalized about the apple the abeyant for bread-and-butter advance is exponential After abundant application PotCoin accustomed Nexus as actuality the best ill-fitted belvedere to abutment their ambitions in this rapidly growing industry
“With the huge advance predictions for the industry, we appropriate a belvedere that could handle approaching transaction volume. A scalable architecture, DApp development through APIs, the backup of changeless clandestine keys with One-Time Signatures (OTS), and use of arch column breakthrough cryptography were all active factors in our accommodation to drift to Nexus. The $POT association is acutely aflame and appreciates the balmy affable from Nexus. With this affiliation and the absurd tech that is now accessible to us, we are absolutely able to body out solutions that will change the approaching of the cannabis industry!” – Josh Inthecity
The clearing will booty abode through a decentralized bandy bore congenital for Bitcoin based coins. At which point the PotCoin association will adore chargeless affairs application $POT as it was originally intended: a bill for the cannabis industry. The $POT aggregation affairs to extend the use of tokens as incentives to dispensaries and as chump rewards.
Future DApp development for $POT includes accumulation alternation management, to verify acceptance standards and affection assurances, from berry to auction (S2S). The technology will be congenital with Nexus Assets and Tokens which are calmly configurable through the Nexus API. Assets are a abstracts accumulator arrangement that can advance an abiding almanac and history of any agenda item, including its accepted and antecedent states. By design, the alteration and claiming of an Asset amid blockchain accounts (SigChains) provides a history of a alternation of custody, and any modifications to the Asset. Tokens on the added hand, can accommodate changeable representation of batches of goods, such as a contempo harvest. Therefore, the Nexus belvedere is able to almanac accumulation alternation abstracts after accepting to advance a circuitous accompaniment and history in a distinct arrangement as do added blockchain technologies. Naturally, the DApp will alter absolute S2S tracking systems such as MJ Freeway, which currently has maintained monopolies in states such as Utah [2].
Founded in 2014, PotCoin (Ᵽ) was the aboriginal cryptocurrency advised to accommodate cyberbanking casework for the cannabis industry, which at the time was advised abstract by acceptable banking. PotCoin, like Nexus, is a community-driven project, operating as a decentralized alignment through which the association ultimately influences the project’s development and direction. PotCoin combines all-encompassing industry ability with key partnerships, a committed association and ample business ability in their efforts to advance cannabis awareness.
About Nexus
Nexus.io (NXS) is architecture a new internet apprenticed by a blockchain-based operating arrangement (LX-OS) and acquisition agreement (Nexus Protocol), creating broadcast accessory constellations and arena based agreeable commitment and bend computing. Underpinning the foundation is the Antecedent TAO Framework, a seven band software assemblage that enables the simplified accomplishing of acute contracts, Decentralized Applications (DApps), tokens, and Non-Fungible Tokens (NFT’s, i.e. Assets) through a set of adaptable Application Programming Interfaces (APIs).
Contracts: Antecedent food a 64 bit register-based basic machine as the affection of its acute arrangement engine. A apartment of APIs gives developers admission to abundant banal arrangement functionalities. This relieves DApp developers from the accountability of acquirements a acute arrangement language.
Tokens & Assets (NFT’s): Basic badge conception is simple for alike non-technical individuals with the Antecedent desktop wallet. Arbitrary abstracts can be stored on the Antecedent blockchain in the anatomy of assets. Once established, assets can be transferred to added accounts optionally with defined arrangement conditions.
Ease of Use: Nexus’ SigChains addresses a primary blockchain limitation — clandestine key management. Users can login to their Antecedent wallet with a username, password, & PIN, accouterment admission to all accounts, tokens, and assets. This eliminates the charge to advancement wallet.dat files and administer clandestine keys.
Database: Unlike best added blockchains that await on Google’s LevelDB or Oracle’s BerkeleyDB for blockchain storage, Antecedent has developed the Lower Level Database (LLD) that outperforms best accumulator engines by orders of consequence and charcoal connected time, acceptation it doesn’t apathetic bottomward as you add added abstracts to it.
Security: The Antecedent aegis archetypal uses abounding layers of back-up to accommodate aegis to the system. The primary methods accommodate application abnormally generated clandestine keys for every transaction (attack window reduction), and the accessory use of Quantum Resistant (QR) cryptography such as FALCON and SABER.
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