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Forestcoin: the cryptocurrency based on planting treesEach ECO Coin is covered by one tree. This is similar to the way the gold standard worked, before it was abolished in the s. It is possible to donate trees. Named after Randolph Merkle, a Merkle Tree is an information structure that encodes all of the data in the blockchain. In Bitcoin blockchain, a single block has. Currently forestcoin is in stage 1 and tree planters receive 10 coins per tree planted. See The Full Coin Release Program. How it works.