Woodcoin

Woodcoin is a decentralized currency based on physical wooden tokens marked with unique alphanumeric codes. Each coin has a visible wood grain pattern, making it resistant to counterfeiting. Unlike most digital cryptocurrencies, Woodcoin combines a tangible medium (wooden coins) with a distributed verification system.

History

Woodcoin was created in 2025 by Veljko Milisavljevic. The project was designed as an alternative to traditional cryptocurrencies such as Bitcoin, with the goal of embedding natural scarcity and demurrage into its design.

The name derives from the use of physical wood tokens as the basis of issuance. Images of the coins are distributed via peer-to-peer networks to verify authenticity.

Design

Each Woodcoin is assigned an eight-character alphanumeric code (0–9, a–f). The wood’s natural grain patterns provide an additional level of uniqueness.

Demurrage

The system incorporates a demurrage mechanism, where every year on December 31, one symbol from the hexadecimal set (0–9, a–f) is randomly selected. All coins whose codes end with that symbol are voided, and a new batch is minted. This ensures continuous circulation and discourages hoarding.

Verification

Coin authenticity is verified by comparing the wood grain and code against images published in a decentralized peer-to-peer torrent network. This makes forgery difficult.

Applications

Woodcoin has been proposed for use in:

International trade
Local or community currencies as a hybrid between physical and digital systems.

Reception

As of 2025, Woodcoin has received limited media coverage.

External links

Official website

This article "Woodcoin" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Woodcoin. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

Woodcoin

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