Woodcoin
| Last updated | 2 years ago |
| Price per LOG in USD | $ 0.12107723545194 |
| Price per LOG in Bitcoin | 0 |
| Volume over the last 24 hours | $ 0 |
| Market cap in USD | $ 972,879 |
| Change in % over the last hour | 0.52047032 |
| Change in % over the last 24 hours | -5.76782543 |
| Change in % over the last 7 days | -2.1979627 |
LOG specifications
| Name | Woodcoin |
| Symbol | LOG |
| Minable | Yes |
| Algorithm | Skein |
| Prooftype | PoW |
| Bitcointalk | LOG bitcointalk |
| Homepage | LOG homepage |
| Explorer | LOG explorer |
Coin description
Woodcoin is a cryptocurrency designed to reward users for contributing computing power to scientific research projects. It operates on a proof-of-work (PoW) consensus mechanism, utilizing the Scrypt algorithm to ensure fair mining accessibility. Woodcoin emphasizes sustainability, innovation, and usability.
Woodcoin Scientific Research Rewards
Woodcoin's platform incentivizes users to contribute their idle computing resources to projects like climate modeling and cancer research. Its decentralized nature eliminates reliance on centralized funding, fostering collaboration among researchers worldwide. For example, scientists can leverage Woodcoin's network to access distributed computing power without high costs.
One of Woodcoin's strengths lies in its alignment with academic and scientific communities. By promoting ethical practices, it fosters a more sustainable and equitable economy. Keywords like Woodcoin scientific research and Scrypt mining are closely tied to this project.