Woodcoin (LOG)

Woodcoin (LOG) is a cryptocurrency with a strong focus on sustainability and environmental protection. The cryptocurrency was founded by two computer programmers, Benjamin Sones and Eugene Yablokov, in early 2014. Woodcoin’s main source of appeal comes from its strong dedication to sustainability and environmental consciousness. The cryptocurrency was designed with a number of features that allow it to reduce the energy needed to operate and make it more environmentally friendly than many other cryptocurrencies. The woodcoin network is powered by the Handshake protocol and utilizes a unique Proof-of-Work mechanism called WoodProof that is based on the b-tree structure. This allows the network to be resistant to ASICs (Application Specific Integrated Circuit) and is extremely difficult to tamper or exploit. As a result, the network can remain secure and available to all users equally. What makes Woodcoin so unique is its commitment to sustainability. It is one of the first cryptocurrencies to adopt an energy-efficient protocol that reduces energy costs and helps protect the environment. The network also uses a merger-based algorithm that redistributes 3% of the total coins produced to a “social pool” that focuses on sustainably harvesting energy from renewable sources and supporting community projects. Woodcoin can be bought and sold on major exchanges such as Bittrex and Upbit. It is also available for purchase on a variety of other cryptocurrency exchanges. Woodcoin can also be stored in any wallet supporting the Handshake protocol, including popular wallets such as Nginx. Overall, Woodcoin is a cryptocurrency that is dedicated to environmental protection and sustainability. Its unique Proof-of-Work algorithm allows the network to remain secure and efficient while its commitment to sustainability sets it apart from many other cryptocurrencies. While it may not be as popular as Bitcoin just yet, it is certainly a coin worth watching.