More detail: https://bitscreener.com/coins/cannacoin
Cannacoin (Symbol: CCN) is another coin attempting to associate itself with the narcotics business. The block reward halves every year and difficulty retargets utilizing the kimoto gravity well. The currency is Scrypt with the block time of 60 seconds, and the total supply is capped at 13.14 million. CannaCoin runs on a distributed blockchain network like bitcoin enabling participants to send money across the network within seconds. This distributed platform is the independent of any central authority and follows the basic principles set forth by the bitcoin community. CannaCoin utilizes Peer2Peer technology in which money can be transferred between two users with no third party required. This means that users are allowed to process transactions for the fraction of the cost charged by banks or financial institutions. Open source projects are crucial to the survival of the cryptocurrency eco-system. The coin has a number of open source projects such as CannaPay, CannaSight, and the Green Wallet. More information regarding these projects is available on our Github page.
