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OKCash (OK) POS Alternative Cryptocoin

17 May
2015

okcash-logo

OKCash (OK) is a new Cryptocurrency that got released in November 2014. Since the start OK has shown a unique interest in the end user and tried to make the coin accessible and easy to use for the community. The launch was a success and a lot of miners participated in the pools that were mining the coin.

The mining PoW process lasted 15 days without halving to make it fair for every miner no matter when they started with the coin. After these 15 days of mining, OKCash became a full Proof of Stake coin, fulfilling its goal of hybrid initial distribution. It started a new era in the cryptocurrency environment, where coins continue to be created and distributed via Proof of Stake, which is a more long-term sustainable system and much more energy friendly than Proof of work.

OKCash started a new tendency in the cryptocurrency world, by injecting a positive vibe into its design and code. A lot of new coins started to get created following these ideals, some even adding the “positive” into its names just like in OK’s previous name. Sadly most of these new coins lasted for only a few months and others lacked the determination to continue with its commitment to the code and its community. Others had outsourced development, meaning not having in-house devs, which makes the development process harder to maintain and makes it hard to build an efficient system as there is no main Developer with a real understanding of the code.

OKCash does not present such issues: the coin has been trading since Nov 2014 and the community continues to grow in all aspects, on social networks, in markets, in use, and with its in-house dedicated Dev it’s been building a solid decentralized infrastructure that’s directly reflected in the coin’s efficiency and speed. OKCash is one of a handful of coins that has not presented any issues with its blockchain, working perfectly since the day it was released. Even the Branding process update was neat and easy for its users, showing once again its dedication to functionality and ease of use.

The initial motivation behind OKCash was to create a really efficient and fast coin with a funny association to the Pimpd TV show, evoking the phrase in the sense to “improve things” or “make things better”. After the success of getting added to the first exchanges, and with the community interaction and feedback, the name became a “hot topic”. Hence by Devs’ and community feedback it was decided it was time for the coin to evolve and communicate the real philosophy behind its work. The community and environment itself were the driving forces behind this evolution, which is meant to provide end users with a cryptocurrency they can trust – with a name aimed for mainstream – and with the following qualities: speed, efficiency and ease of use accompanied by a dedicated and personalized working design.

Website:
– http://okcash.co/

Block Explorer:
– https://chainz.cryptoid.info/ok/

Coin Specifications

  • PoW Ended at block: 33,186
  • Total coins at the end of Pow/Pos Hybrid Period: 36,297,000 OKCash
  • Max Cap: 105,000,000 OKCash
  • Released: Nov 24th 2014, Full POS started: Dec 9th 2014
  • Stake Rewards: 69% 1st Year (block 531,257), 20% 2nd (block 1,022,514), 10% 3rd (block 1,523,771), 6% 4th Year on wards
  • PoS Min Stake Time: 8 hr
  • Transactions: 10 confirmations
  • Stakes: 64 confirmations
  • Block Time: 72 seconds average block time

Wallet:
– Online Staking Wallet
– Windows
– Linux
– Mac OS

Source Code:
– at GitHub

Ports:
– RPC Port: 6979
– P2P Port: 6980

Mining Pools:
– OKcash Multipool

Coin Exchanges:
– Bittrex
– Stex
– Yobit






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