Axe

Axes are the fastest tool for chopping wood related things and the second most powerful weapon, the Axe is arguably the most versatile tool because of its medium effectiveness in all other aspects. It can kill all mobs in three hits or less. This tool can be useful in multiplayer because of this.

Crafting
Axes require 2 Sticks and 3 Wooden Planks, Cobblestone, Iron Ingots, Gold Ingots, or Diamonds to craft. The Diamond Axe is the the fastest and strongest axe.