BudBlockz is an innovative blockchain-based ecosystem that aims to unite the cannabis industry while also providing any individual that’s enthusiastic about the industry the ability to buy, sell and invest in products as well as dispensaries on a global scale.
Hedera is a public cryptocurrency network that serves as a platform where anyone can transact or create decentralized applications (dApps) and is known for its high throughput.
Today, we will go over everything you need to know about BudBlockz and its native cryptocurrency, BLUNT, and how it can compete with Hedera.
Hedera Explained
Hedera is essentially a platform that is built in the form of a graph, where the speed of verifying transactions can go up as more transactions get added to the network. The name for the technology that it is based on is known as Directed Acyclic Graph (DAG).
Its technology aims to enable it to process over 100,000 transactions per second (TPS) and compete with centralized solutions such as Visa and other payment systems.
The network itself is governed by numerous multinational corporations spread out on a global scale, and the software can run on millions of nodes globally.
HBAR is the native cryptocurrency of Hedera, which is used for the payment of transaction fees and for micropayments. Furthermore, it helps protect the network by leveraging the power of its Proof-of-Stake (PoS) consensus mechanism.
How BudBlockz and the Native BLUNT Cryptocurrency Can Compete
BudBlockz is developed as a platform that can enable the community to easily navigate through the cannabis markets, alongside gaining a high level of understanding when it comes to legislations in jurisdictions, information on a variety of different products, and access to fractional asset ownership.
BudBlockz specializes in the way through which it implements the solutions for marijuana corporations and entrepreneurs that might be facing complications with logistics, fundraising, and overall data management.
As such, BudBlockz is built as the world’s first decentralized online e-commerce platform where cannabis enthusiasts are provided with the opportunity to access the global cannabis market in a way that is secure.
The main goal is to establish an open as well as fairly traded environment that anyone can be a part of. BLUNT is the native cryptocurrency that powers all of this.
BLUNT, as a cryptocurrency, is used as a medium of exchange between individuals as well as cannabis corporations, such as Dispensaries, Farms, and CBD manufacturers.
Anyone that has access to BLUNT cryptocurrency can also help in the governance process, and the blockchain itself can be utilized to facilitate peer-to-peer (P2P) purchasing.
There’s also a decentralized NFT marketplace for promoting transparency, permissionless participation, and robust security, alongside access to numerous rewards.
By leveraging NFT technology to allocate fractional ownership to cannabis farms and dispensaries, users can essentially participate in the growth of the cannabis economy without directly associating themselves with decriminalized products.
The BLUNT tokens sold in th presale have no vesting period, whereas the marketing wallet will be locked for a three month period and the team wallet will be locked for a year. There is a total supply of 420,000,000 BLUNT tokens.
Due to all of these use cases and innovations, BudBlockz can compete with Hedera in the long term as the go-to platform for enthusiasts who want to access a quick network for their needs.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz