Algorithmic blockchain platform with environmentally friendly goals

Blockchain for Environmental Governance

The quest to save the environment has become ubiquitous among global businesses worldwide. These companies launch distinctive initiatives to promote the importance of protecting the environment.

Specifically, this nature-loving motif has also been accepted by blockchain companies. Many blockchain companies have radically started to protect the environment. Such companies have also begun to prioritize environmental sustainability as their most important success factor.

WoodCoin blockchain is one such platform that uses blockchain technology and contributes to global environmental governance.

What is WoodCoin?

WoodCoin is a blockchain-based payment system launched in 2014, where people can raise their awareness of climate impact and stop the destruction of the environment. LOG is the native token of WoodCoin. To add, WoodCoin is a decentralized, mineable (proof-of-work) public ledger with a logarithmic money supply.

The WoodCoin ecosystem is tightly integrated into the modern crypto world and consists of the following functioning entities:

• Currency
• Environmental protection
• New payment mechanics
• Improved environmentally friendly mining mechanics

Security and transparency

WoodCoin provides full transparency of transactions, as well as high transaction speed. The goal is to become a long-term stable and user-friendly alternative to other blockchains, thereby strengthening the cryptocurrency infrastructure and allowing users to hedge risk, transact, tokenize and otherwise interact with the LOG network.

Significantly, the WoodCoin ecosystem can use the blockchain for other tokens, notarizations and data storage.

The fast WoodCoin network ensures instant transactions. However, as with other Proof-of-Work consensus coins, the security of a transaction increases with each block or confirmation. Block confirmation time in the WoodCoin network is 2 minutes.

Why is WoodCoin reliable?

WoodCoin is claimed to be more reliable for users. Here the mining reward does not increase quickly. WoodCoin’s logarithmic reward system will continue to subsidize miners and keep the coin alive, both by enabling low-fee transactions and by improving network security.

Where can I buy WoodCoin?

WoodCoin tokens are available in Hermesus and BitStorage crypto exchanges. Since the platform is convenient and fast, users can enter the mentioned exchanges at any time, buy and sell a coin and host a project. Basically, users have to use the WoodCoin wallet. This is an open source wallet that allows users to back up their private keys and have total control over their money.

Future initiatives and ventures

WoodCoin is currently working on the WoodCoin Wallet for Android. The team is negotiating with Google and plans to launch the application on Google Play soon. The WoodCoin Wallet app works on iOS and is an open source wallet where users can back up their private keys and stay in control of their money. Furthermore, the WoodCoin project launched an Airdrop of LOG tokens in July. The coins can be obtained by both beginners and experienced traders. The Airdrop promotion includes a prize pool worth $40,000 of $LOG tokens for 1,000 lucky winners.

To note, the team has recently started LOG coin mining. The stake includes deposit minimums as low as 50 LOG. The company has listed the benefits of participating in the strike:

• Users will passively receive rewards without engaging in trading and other risky activities.
• Users can help support the environmental goals of the WoodCoin project.
• Finally, staking exposes users to the full potential of SeedCoin, a new project to be launched in the future.

The WoodLandEco project

WoodLandEco is a development project of WoodCoin that combines blockchain technology and the environment. Here, environmentally conscious users who participate in this project will benefit from earning rewards. The main goal of the project is to protect the environment using modern blockchain technology.

It also intends to save the environment by planting trees, thereby reducing the rate of global warming. The WoodCoin team is working on this eco-friendly project, which will be declared soon.

Price trends

WoodCoin entered the crypto market in 2014. For eight years, the market has fluctuated several times, but the growth of the coin has not been badly affected. Additionally, with the current downtrend in the market, LOG is hovering at $3.03, with a market cap of $24,234,470. At the time of writing, the volume is $404,908, an increase of 154.9% in the last 24 hours.

To conclude, WoodCoin is a decentralized platform that deploys blockchain technology for a sustainable environment. The LOG token of WoodCoin is claimed to be the first eco-friendly coin. The platform builds reliability, sustainability and confidence via its nature-friendly blockchain features. The platform’s WoodLand Eco project is one of the recent sustainable initiatives that will be launched soon.

For more information about WoodCoin, follow their Facebook, Instagram, Twitterand Telegram.

Disclaimer:CoinQuora does not and will not officially endorse any company or individual on this sponsored article. Any information published in this sponsored article does not constitute financial advice. We encourage everyone to do their own research before investing in cryptocurrencies.