XCICoin is an open source privacy protected cryptocurrency for the booming and blooming Cannabis Industry. It uses peer-to-peer technology to operate with no central authority or banks. Its design is public, nobody owns or controls XCICoin.
Total coins: 21 000 000 XCI (3% reserved by developers)
Mining algo: CPU Proof of Work, CryptoNight
Block target time: 2 minutes (x5 faster than Bitcoin)
Block reward formula: (total coins - generated coins)/221
Difficulty retarget: every block
True anonymity & data protection
Untraceable payments
Ring signatures
Unlinkable transactions
Blockchain analysis resistant
XCI uses CPU efficient ASIC resistant POW mining to secure blockchain. Users receive block rewards for protecting XCI network with their computing power. XCI coin devs reserved 3% (premined) for developing XCI COIN project.
Why use the Cannabis Industry Coin instead of traditional banking or Bitcoin
Because the legal Cannabis Industry is booming and blooming and needs its own modern and private way of payments and donations acceptance. It is a multi-billion market expanding every day - $6,7 billion in sales in 2016 in the US vs $5.4 billion in 2015, Legal Marijuana Will Be a $30 Billion Industry by 2019.
Because banks often say no to the legal Cannabis Industry. Sometimes the Legal Marijuana Dispensaries are facing issues when opening a bank account. You can open the XCI coin account very easy, for free. There is no registration or paperwork, generate your new XCI Coin address and be your own bank.
Cannabis Industry coin is the first privacy-focused marijuana blockchain project. It is not a Bitcoin fork, it uses an anonymous CryptoNote technology to provide true transactions and accounts anonymity. Nobody can know your XCI Coin balance or track your XCI payments. Privacy is very important, Bitcoin is not privacy protected.
XCI Coin is truly decentralized, it uses peer-to-peer technology to operate with no central authority. Managing transactions and the issuing of xci coins is carried out collectively by the network. It works everywhere, anytime and it uses a state of the art cryptography to protect blockchain.
XCI coin transactions are instant and average transactions confirmation time is 2 minutes. All transactions are secured with the state of the art cryptography and blockchain integrity is protected by CPU efficient ASIC resistant proof of work called CryptoNight.
XCI Coin first block date is
4:20 PM
Sunday, 16 October 2016 (GMT-7)
Time in San Francisco, CA, USA
Time in Los Angeles, CA, USA
Source [https://xcicoin.org/]
pic [https://goo.gl/TjD4cH]
