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 a higher confirmation rate than most other digital currencies. It has very low transaction fees and is suitable for both short-term and long-term staking.

The OkCash project is also future-proof by supporting a highly secure messaging system and is ready for next-generation technological revolutions such as the Internet of Things (IoT).

1. Project introduction

OkCash is a hybrid cryptocurrency that was mined with PoW starting in November 2014 and then turned into a full proof-of-stake currency. OkCash requires 10 transaction confirmations, the block time is 72 seconds, the staking time is: minimum 8 hours - maximum 1 year, and the staking requires 64 confirmations, OkCash coins use 6969 Rpcport and 6970 ports, staking will have 11 times of halving and It is expected to last until 2148.

The OkCash blockchain is the shared public ledger that the entire OkCash coin network relies on. All confirmed transactions are included in the OKCash blockchain. In this way, OKCash coin wallets can calculate their spendable balance, and new transactions can be verified as spending OK coins that are actually owned by the consumer. The integrity and chronological order of the blockchain is enforced through encryption.

Enforces chronological order in the OKCash blockchain, protecting the neutrality of the network and allowing different computers to agree on the state of the system. To be confirmed, a 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, since doing so would invalidate all subsequent blocks. Staking also creates the equivalent of a competitive lottery, preventing any individual from easily adding new blocks to the OKCash blockchain in a row. This way, no one can control what is included in the OKCash blockchain, or replace parts of the OKCash blockchain to roll back their own spend.

2. Comments

OK is open source; its design is public, no one owns or controls OK, and everyone can contribute. 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 never had an ICO, nor any form of financing. OK is self-sustainable and fully supported by developers (just like Bitcoin).

Related Links:

https://okcash.io/

https://okcashtalk.org/index.php/board,45.0.html

https://okcash.news/

https://www.chainwhy.com/coin/ok/