What will be BCNA used for on the platform??
The BitCanna coin(BCNA) is a digital currency that will act as a mean of exchange and the unit of account on the BitCanna blockchain.
Can we mine bitcanna coins or BCNA like other cryptocurrencies??
No, the BitCanna protocol runs a proof-of-Stake consensus algorithm, in contrary to Bitcoins Proof-of-Work. The Proof of Stake algorithm is a generalization of the Proof of Work algorithm. In PoS, the nodes are known as the validators and, rather than mining the blockchain, they validate the transactions to earn a transaction fee. This is done by proving your stake to the network of nodes. The more coins you stake, the better chance you have at successfully creating a block.
For payment making what is the advantage of using BCNA over othe crypto like bitcoins??