The Beginning and Development of WoodCoin

The unit of exchange is LOG, and the genesis block was mined in October 2014.
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WoodCoin Uses a Decentralized System

WoodСoin Reward

The coin reward sits in between stagnation and inflation, increasing logarithmically. The reward for mining today is always greater than tomorrow; however, miners will still have a reward for securing the network for the long term.

Stability and Longevity

Half the LOGs will be released in the first 200 years instead of the first four years (as BTC or LTC). However, every block is worth less than the preceding one, so earlier adopters are always rewarded, and the supply will never rise above 28.5 million LOG.

Support and Reliability

The WoodCoin Foundation maintains the Woodcoin economy and helps spread the word about WoodCoin’s monetary policy. The protocol has remained stable without mandatory updates since its inception in October 2014.

WoodCoin Was Created To Solve Problems

Mining should grow with a pre-set reward/governance strategy for a decentralized coin. If the reward schedule drops too quickly, the founders or early adopters own the entire structure of the coin, and there is little incentive for new miners to secure the network, leading to stagnation.
Fees may boost miner incentives, but a high fee also lowers the value of the coins. If the reward schedule falls too slowly, inflation may occur.
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Android and iOS SPV WoodCoin Wallet

Our wallets are open source non-custodial; users can back up their private keys and have total control of their funds.