With the legalization of cannabis sweeping across the globe, new logistical problems have emerged. Due to the distribution of power between state and federal governments, the United States has a unique payment solutions landscape given its legal variances as you travel across it.
The banking sector is under heavy pressure from the federal government to forego payment services to cannabis related businesses. This complicates the business models by needing to rely heavily on cash, which among other things makes it harder to put that money back into the business.
Using the tried and tested technology of Bitcoin, with some slight modifications (largly thanks to peercoin), we have a payment network that is powered by a decentralized, trustless, consensus based cryptographic solution mining model based on very large numbers.
Did we mention Motacoin runs two different concepts of mining side by side? The two different mining solutions known, are Proof of Work and Proof of Stake.The X13 algorithm which Motacoin uses, has optimized the mining process by running the two different mining models side by side.
This allows miners to compete in the realm of proof of work, and the stakers on the proof of stake system. Having two vibrant mining ecosystems to check and balance each other, is something that allows for distributed risk and increased resistances to malicious activity.