Agriculture is the world’s leading industry. According to statistics, about a billion people living on the planet are involved in this area. It would seem, what do digital currencies have to do with it? There is an explanation for this. HempCoin is the only cryptocurrency that has been created for the agriculture industry.
HempCoin is one of the first 30 currencies developed in 2014 and is a highly specialized digital currency for the agriculture/farming and hemp industries, built on the source code of Bitcoin. It is used at cannabis growing and dispensing points and is used in all commercial activities related to agriculture/farming.
HempCoin cryptocurrency review
Rate: 0.033318 USD
Symbol: THC
HempCoin is a digital currency that runs on a fast, decentralized, immutable blockchain under the PIVX Chain, which began its development from DASH. The focus of the coin is on agriculture, especially in areas such as tobacco, hemp, and legal cannabis.
The cannabis revolution is relatively recent, and the entire industry is still struggling to become a fully legal and accepted industry. It is one of the reasons why HempCoin will succeed in the future and not in the past like most other cryptocurrencies.
The coin is currently targeted for massive adoption by the agricultural sector, and it plans to do so by offering new cross-border payment solutions. This problem persists even in fully established industries, and it would be a big step forward if a cannabis-related coin could offer such solutions. It will certainly allow the industry to bypass banking services, which are still difficult to obtain for industrial hemp production and legal cannabis production.
To do this, HempCoin offers HempPay in three different options – mobile, card, and online. The coin will also be integrated into e-commerce applications such as OpenCart, Magento, OSCommerce, WooCommerce, and PrestaShop to allow their customers to pay for purchases using cryptocurrency.
Features and security of the HempCoin network
HempCoin is an open-source project. Thus, developers have the opportunity to contribute to the development of this platform. The creators of the project guarantee public review and secure implementation of the code.
Note that the developers paid special attention to the issue of the security of this asset. Due to the increased degree of security in the transfer of information, each of the system participants can be sure that their data will not be changed without their consent.
Blockchain THC
The cryptocurrency asset operates based on a stable and secure blockchain implemented based on Proof-of-Stake. It acts as a reliable foundation for this cryptocurrency. Note that HempCoin also has advanced blockchain identity management.
Creation of a cryptocurrency wallet, purchase and storage of funds
To create a wallet, you need to visit the hempcoin.org website and download the program to your computer. After completing a simple registration, the user will receive the address of their cryptocurrency wallet.
An opening of a crypto wallet is also possible on a cryptocurrency exchange supported by HempCoin – Bittrex.
It is very easy to buy THC. To do this, you need to purchase currency directly, through the exchange. You can also buy a certain amount of BTC and through special services, make an exchange.
To store digital currency, you can also use either an official client or an internal wallet on the marketplace.
Advantages of HempCoin
- Advanced blockchain identity management HempCoin. It gives users access to a cryptographically secure blockchain identity;
- HempCoin file verification and associated file ownership. Enhanced security for transferring and downloading files. Allows users to be sure that their data has not been changed without their confirmation;
- HempCoin is an open-source project that allows developers from all over the world to contribute to it. Guaranteed public review and secure implementation of the code;
- Stable and secure blockchain based on Proof-of-Stake protocol with nodes distributed around the world. It provides a solid foundation for HempCoin;
- A dedicated team of experienced developers constantly working to create new features and services and expand the HempCoin user base.
Is it profitable to mine HempCoin cryptocurrency?
To be honest, it is quite difficult to assess such projects from the point of view of their prospects. On the one hand, the project is really interesting and, to some extent, unique. As a consequence, it has the potential for development. On the other hand, it is difficult to imagine that representatives of the agricultural market will carry out calculations with this cryptocurrency en masse at the moment. Therefore, it is impossible to answer whether the mining of this cryptocurrency is a profitable investment or not.
