The Beginning And Development Of WoodCoin
The unit of exchange is LOG, and the genesis block was mined in
WoodCoin Uses A
The coin reward sits in between stagnation and inflation, increasing harmonically. 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 Longetivity
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.
Simplicity and Relyability
The LOG network has never had a hard fork update nor has there been a checkpoint system maintained. The protocol has remained stable without mandatory updates since its inception in October 2014.