BitCanna is a decentralized payment system that uses distributed ledger technology (DLT) to enable direct transactions among traders. BitCanna's blockchain is designed with Cosmos SDK and employs Tendermint's BFT-delegated proof-of-stake consensus mechanism (DPoS). Cosmos seeks to assist BitCanna in strengthening its infrastructure and transport of BCNA coins. It also enables BitCanna to build a robust and efficient supply chain layer and trust network. BitCanna's objective is to use blockchain technology to help cannabis-related businesses compete on equal terms.

According to the whitepaper, BitCanna's mission is to remove unproductive and expensive trades by offering a fully decentralized digital currency. The BitCanna platform is safe, quick, and consistent with local provisions. The platform seeks to provide a new degree of clarity by allowing users to track the manufacturing and trading of cannabis goods. Furthermore, BitCanna aims to expand trust and reputation by providing a rating system for all participants and an encoded identification to all BitCanna users.

BitCanna allows users to connect via a safe web wallet, an exclusive platform for interacting with the BitCanna blockchain. The wallet delivers enhanced functionalities, including an overview of user balance, payment execution, staking, administration, and future developments. BitCanna intends to resolve the cannabis market's present contradictions. BitCanna helps authorities establish a better and open cannabis industry by incorporating supply chain management and identity control functionalities.

The BitCanna platform's native token is BCNA. The BCNA token is a DLT asset that can be mined and is fungible. Every transaction using BCNA coins is published to the BitCanna blockchain in the form of “hashes.” Individuals can authenticate the sources of their transaction and supply chain using these hashes.

BitCanna looks forward to providing a customized application with a simple interface for monitoring and controlling inventory throughout the product life cycle. These customized applications enable organizations to maintain tight control over their supply chain, ensuring timely delivery of goods and minimizing stock surplus.

BitCanna launched its services in 2017. Boy Ramsahai founded the BitCanna network. The platform's CEO is Jan Scheele, and its CFO is Jack Janssen. The total supply of BitCanna tokens is 651,000,000 BCNA coins.

We update our BitCanna to ARS currency in real-time. Get the live price of BitCanna on Coinbase.

Assets that have a similar market cap to BitCanna include Yobit Token, MYCE, TranslateMe Network Token, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of BitCanna is 0.