LUMBER is a next gen altcoin that leverages the newest innovations of "zero-knowledge" (zkSNARKs-Sapling) privacy and a hybrid Proof-of-Stake, CPU-friendly VerusHash Proof-of-Work algorithm.
LUMBER forms an essential part of the Lumberscout trading platform that will facilitate the crypto-conditioned global trade of forest products and commodities.
Unlike equihash that is monopolised by ASIC farms, verushash 1.0 was designed with a preference for smaller, individual miners to ensure a decentralized mining base.
To protect the PoS chain from bad actors and to give the trading platform a means of self-funding, the first 128 blocks were mined by the Lumberscout foundation. The decision to sell staked LUMBER will be decided within the context of Lumberscout's DAO governance model; weighing the factors of development need, network security and market conditions.