OkCash cryptocurrency is an open-source hybrid crypto built using the Proof of Stake consensus model (POWPOS mode). Its blockchain network, known as the OK Network, is also an open-source public network developed and supported by its volunteers, much like Bitcoin.

OkCash is entirely self-sustainable and efficient. Additionally, it boasts faster transaction speeds and higher confirmation rates than most other digital currencies. Its transaction fees are extremely low, making it suitable for both short-term and long-term staking.

The OkCash project is future-oriented, supporting a highly secure messaging system and is ready for the next technological revolution such as the Internet of Things (IoT).

I. Project Introduction

OkCash is a hybrid cryptocurrency that started with PoW mining in November 2014, then transitioned to full Proof of Stake currency. OkCash requires 10 transaction confirmations, has a block time of 72 seconds, staking times ranging from a minimum of 8 hours to a maximum of 1 year, and stakes require 64 confirmations. OkCash coins use 6969 Rpcport and port 6970, staking will experience 11 halvings and 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 allows OkCash wallets to calculate their spendable balance, and new transactions can be verified as spending coins actually owned by the spender. The integrity and chronological order of the blockchain are enforced cryptographically.

Enforcing chronological order in the OKCash coin block chain protects the networks neutrality and allows different computers to agree on the systems state. To be confirmed, transactions must be packed into a block that fits very strict cryptographic rules, which will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all subsequent blocks. Staking also creates something akin to a competitive lottery, preventing any individual from easily adding new blocks consecutively to the OKCash coin blockchain. Thus, no one can control what gets included in the OKCash coin block chain or replace parts of the OKCash coin block chain to roll back their own spends.

II. Commentary

OK is open-source; its design is public, no one owns or controls OK, and everyone can participate. Okcash is a decentralized hybrid cryptocurrency, starting on November 24, 2014. OK has been mined (PoW-Scrypt) and evolved into stakeable (PoS-LTSS-Sha256). Okcash is not a security, it never had an ICO, nor any form of fundraising. OK is self-sustainable and fully supported by developers (much like Bitcoin).

Relevant Links:

https://okcash.io/

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

https://okcash.news/

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