1. Introduction
OkCash cryptocurrency is an open source hybrid cryptocurrency built using the Proof of Stake consensus model (POWPOS model). Its blockchain network called OK Network (OK Network) is also an open-source public network developed and supported by its volunteers, just like Bitcoin.
OkCash is fully self-sustainable and efficient. Additionally, it has faster transaction speeds and higher confirmation rates than most other digital currencies. It has very low transaction fees and is suitable for short- and long-term staking.
The OkCash project is also future-proofed by supporting a highly secure messaging system and is ready for next-generation technological revolutions such as the Internet of Things (IoT).
2. Project introduction
OkCash is a hybrid cryptocurrency that has been mined with PoW since November 2014 and then turned into a full proof-of-stake currency. OkCash needs 10 transaction confirmations, the blocking time is 72 seconds, the staking time is: minimum 8 hours - maximum 1 year, and staking needs 64 confirmations, OkCash coins use 6969 Rpcport and 6970 ports, staking will have 11 halvings and It is expected to last until 2148.
The OkCash blockchain is the shared public ledger on which the entire OkCash coin network relies. All confirmed transactions are included in the OKCash blockchain. This way, OKCash wallets can calculate their spendable balance and new transactions can be verified as spending OK coins actually owned by the consumer. The integrity and chronological order of the blockchain is enforced cryptographically.
Enforces chronological order in the OKCash blockchain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, the transaction must be wrapped in a block which fits very strict cryptography rules and will be verified by the network. These rules prevent previous blocks from being modified, as doing so would invalidate all subsequent blocks. Staking also creates the equivalent of a competitive lottery, preventing any individual from easily adding new blocks in succession to the OKCash Coin blockchain. This way, no one can control what is contained in the OKCash Coin blockchain, or replace parts of the OKCash Coin blockchain to roll back their own spend.
3. Comments
OK is open source; its design is public, no one owns or controls OK, and everyone can participate. Okcash is a decentralized hybrid cryptocurrency that started on November 24, 2014. OK has been mined (PoW-Scrypt) and developed to be stakeable (PoS-LTSS-Sha256). Okcash is not a security, it has never had an ICO, nor any kind of financing. OK is self-sustainable and fully supported by developers (just like Bitcoin).
