Potcoin Development Update – Dec 2016

Hello Everyone,

We wanted to give everyone a quick update of what we’ve been working on. As promised, we will make our best efforts to keep the community aware of what we are doing and working on.

We believe being the most transparent possible will yield the best possible outcome.

The Beta version launch of our PotWallet App was a great success. We thank all beta testers for their valuable feedback.

We are looking into submitting the Apps to the corresponding stores (Apple, Google, Microsoft) in early 2017.

Our team has grown to 4 full time developers as we continue to build the systems necessary to make Potcoin and PotWallet scale to high volume transactions.

We will be announcing our 100% refactored version of PotWallet in the beginning of 2017 as well. This version will include a revamped interface, new features, drastically improved scalability and security.

We are also building extensive WEB plugins and extensions to make Potcoin easily acceptable on all platforms (magento, wordpress, shopify, etc…)

As legalization is fast approaching in Canada, we are striving to make sure all our systems are GO to accommodate the flow of new Potcoin users and transactions.

We are currently in negotiation with many MMJ Licensed Producers in Canada in order to accept Potcoin and offer it as a reward system to their patients.

They are very excited about Potcoin and see the many benefits of a system like that for patients, producers, doctors and everyone involved in the industry.

2017 is going to be a big year for Potcoin and PotWallet. Many exciting news and developments to come.

Stay tuned fellow Potcoiners !!!

PotCoin Goes Proof of Stake

POTCOIN GOES POSv

 

We are happy to announce the fix to POSv has finally been released.

We are currently staking on multiple Windows, Mac and Linux wallets.

We have pushed the new code and binaries.

https://github.com/potcoin/Potcoin

https://github.com/potcoin/Potcoin-Binaries

Before updating, please take a backup of your Wallet.dat file for precautionary measures.

The simply download new binary and install over the old one. Run the new Potcoin wallet and you should be staking in no time.

We are sorry about this inconvenience. We invite all devs who want to take part in this to please do. Potcoin is an open source projects and new Git pulls are always looked and reviewed. Feel free to contribute.

We have also added to our RoadMap to setup a fully functional testnet for potcoin. Through this operation, we also have added great crypto coders to the team and they will be working with us in the long-run as well.

Please let us know if you have any questions regarding this update.

PotCoin

 

Mac QT


Windows QT


Linux QT


PotCoin Upgrading Procedure

 

 

#### UPGRADING PROCEDURE ####

Step 1.
BACKUP YOUR WALLET. Please make sure you properly backup your wallet first in case anything goes wrong. Save a backup of your wallet.dat file in a secure location.

Step 2.
Download the NEW wallet.

Mac QT


Windows QT


Linux QT


Step 3.
Upgrading to POSv will require a chain resync for ALL wallets. We have created a bootstrap file to get up and running faster with the new wallet.
You can download the bootstrap here: http://potchain.net/posv/bootstrap.dat
You are not required to use the bootstrap.dat file, you can simply let the new wallet sync up.

Step 4.
Close your current Potcoin application if it’s running.

Step 5.
Go to the Potcoin App Data folder.

For Windows: C:/users/YOUR_USERNAME/AppData/Roaming/Potcoin

For Mac: ~/Library/Application Support/PotCoin

Delete everything in there EXCEPT for your wallet.dat file
If using the bootstrap file, place the downloaded “bootstrap.dat” in that folder as well.

Step 6.
Install the new Potcoin 0.8.7.1 POSv Wallet.

Step 7.
Open the new Potcoin wallet, it should be syncing up to the network now. Wait until wallet syncs and you are ready to go.

#### END OF UPGRADING PROCEDURE ####

Potcoin Launched – Banking for the Cannabis Industry

POTCOIN
Banking for the Cannabis Industry

 

PotCoin was launched on Jan 21st 2014 at 4:20pm EST and was designed to empower, secure and facilitate the legal cannabis community’s transactions by creating a unique crypto currency for this thriving industry.  PotCoin removes the need for cash transactions and encourages buying through consumer incentives.  On every level of the cannabis industry, users and supporters can entrust PotCoin to extend credibility, stability and security to this growing market.

The PotCoin mission is to economize the cannabis industry.  PotCoin as a digital currency is an alternative payment network for cannabis users, merchants and industry professionals.  The PotCoin network allows cannabis enthusiasts to interact, transact, communicate and grow together.

 

 

Promotional Video


 

OFFICIAL GITHUB & INFO

 

PoW algorithm: Scrypt – NOW POSv
Premine: first 55 blocks where mined for checkpoints
Retarget: 107 blocks
Starting difficulty: 0.000
Max supply: 420 million
Block Target: 40 seconds
Coins Per Block: 420

 

DOWNLOAD THE POTCOIN WALLET
Potcoin-Qt is a true installer and client that helps builds the backbone of the network. It offers the highest levels of security, privacy, and stability.

 

Mac QT


Windows QT


Linux QT


 

The Bootstrap.dat allows for quick syncing of the QT wallet. Simply place the bootstrap.dat file in your PotCoin Application folder
The potcoin.conf adds nodes to help with the syncing process. Simply rename the .txt file to .conf and place it in your PotCoin Application folder

 

 

PotCoin Wallet keeps your keys private and recoverable.
PotCoin Wallet uses BIP-44 to secure and completely restore your wallet using key words upon loss or destruction of your phone or tablet.
Please be sure to always backup your PotCoin Wallet.

 

 

BLOCK EXPLORER
SOCIAL LINKS
EXCHANGES
SUBSCRIBE TO THE POTCOIN COMMUNITY
GROW WITH US