Free Potcoin faucets are a reward system, in the form of a web site or app, that dispenses prizes in the form of a potoshi, that is a hundredth of a millionth POT, for visitors to claim in exchange for completing a captcha or task as delineate by the web site. There are faucets that dispense different cryptocurrencies. Rewards are distributed at various preset intervals of time. faucets typically offer fractions of a potcoin, however the amount will usually fluctuate in line with the value of potcoin.
Free Potcoin faucets are an excellent way to help introduce new people to potcoin, or to your favourite altcoin. several faucets offer info to newbies as well as offering them some free coins so they can try before they purchase, experimenting with a test transaction or 2 before putting real money on the road. Since this whole space is so new and a small amount scary to some people, who maybe don't quite trust it with their hard-earned money yet, this can be an excellent way to promote digital currency and attract new users.
Potcoin (POT) is an ultra-secure digital cryptocurrency, network and banking solution for the $100 billion global legal marijuana industry. Potcoin is the first digital currency created to facilitate transactions within the legalized cannabis industry. Potcoin is a community based effort. Potcoins are digital coins you can send via the internet, which allow cannabis enthusiasts to interact, transact, communicate and grow together.
Potcoin is based on a public ledger known as a blockchain. Potcoin was originally a fork of Litecoin-QT but with key differences including a shorter block generation time, a quicker halving schedule and an increased maximum number of coins. Before Potcoin was publicly released, 55 blocks were mined for checkpoints. The initial block reward (the number of coins rewarded for solving a block whilst mining) was set at 420 Potcoins but on June 1, 2014, the block reward was halved and currently stands at 210 Potcoins. Mining can be performed by hardware including CPUs, GPUs and more commonly scrypt ASICs.