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Author Topic: 🆗[ANN][OK] Okcash |⚡Fast |Easy to use |Reliable |Lowest Fees ✅ OK DEFI  (Read 101948 times)

OKcryptocurrency

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OK is open-source; its design is public, nobody owns or controls OK and everyone can take part.
Okcash is a decentralized and established hybrid cryptocurrency that started on Nov 24th 2014.
OK was mined (PoW-Scrypt) and evolved to be stake-able (PoS-LTSS-Sha256).
Okcash is not a security, it never had an ICO, nor any kind of funding rounds.
OK is self sustainable and is fully supported by voluntaries (Just like Bitcoin).

Okcash • OK       
Latest Wallet:
*New (22/02/2022) - Okcash core - code name: "Aether" version v6.9.0.7
Latest Releases Notes + Downloads




What are the Stake Rewards or Staking?
In easy Terms is the process where you keep your coins in your OK wallet and keep it open(online), your coins will start to "stake" (trying to solve blocks, like mining), meaning after some hours your wallet will start to mine for more coins according to the number of coins that you already have in your wallet, at different rates (% changes, like halvings ) and without the need for special equipment or high energy bills.

You only need to keep the OKCash wallet running and some Coins in it to start mining/earning more coins (These nodes help maintain a decentralized, secure and fast network, hence why they get the rewards for supporting the network/project).

OK Specifications
Name: Okcash
Symbol/Ticker: OK
Algorithm: SHA256
Released: Nov 24th 2014
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
Full POS started: Dec 9th 2014
POS Min Stake Time: 8 hr
Transactions: 10 confirmations
Stakes: 69 confirmations
Block Time: 72 seconds average block time.
Rpcport: 6969
Port: 6970
Test ports: ( RPCport 7979 ) ( Port 7980 )
LTSS POS Block Rewards: 15 halvings
LTSS POS version: v3 hybrid

Okcash POS White Paper: okcash-whitepaper
Okcash LTSS White Paper: okcash-ltss-whitepaper

*POS - Proof of Stake.
*LTSS - Long Term Sustainable Staking.
*LTPoW - Long Term Proof of Work.

LTSS PoS calcs to the Okcash Staking System.
LTSS original thread: http://okcashtalk.org/index.php/topic,16.0.html

Technical Sustainability:
In aims to improve the OK system security , sustainability and reliability, while at the same time respecting scarcity and the original PoS expected supply growth proposed since the V1 LTSS WP.

Okcash came up with a solution to empower the system and secure LTSS.
Bitcoin has LTPoW lasting till the year 2140. OK LTTS (staking) will be lasting till the year 2148.
Making Okcash the best PoS partner for Bitcoin and Micro Transactions.

Following the Original schedule of expected distribution proposed on the V1 LTSS WP, and based on the past performance of the OK Network / Users / Staking for the first 5 years of Okcash,
we have improved and refined the LTSS System by fixing the halving periods based on past performance and future expectation of the Staking Network Percentage in the system to match the original Proof of Stake expected growth.

Economics: As part of Okcash's coin issuance, miners/stakers are rewarded a certain amount of Okcash coins whenever a block is produced (approximately every 69 seconds).
When Okcash first started, 2000 OK coins per block were given as a reward to PoW miners. After the block number 33,186 PoW evolved to LTSS PoS and halvings have been ocurring at different time schedules taking in consideration 501,257 blocks per year, the block reward halves and will keep on halving until the block 27,589,135 (last halving approximately by year 2070).
As of now, the block reward evolved [Semi-static block reward + predictable network growth no matter net staking percentage, achieving Bitcoin predictability under Okcash unique LTSS PoS System.(Energy Friendly)] and is now under the LTSS PoSv3hybrid system at a rate of 6 coins per block and will decrease to 3.9 coins per block post halving.

* 501,257 blocks per year average.

Last OK coins to be PoS mined expected around the year 2148.



For more info visit: https://okcashblockhalf.com


Okcash ROKOS OS for IoT (Internet of Things) devices (Full image): https://rokos.space
How to compile Okcash on Raspberry Pi, Pine64, etc. (Tutorial): https://okcashtalk.org/index.php/topic,2025.0.html



Some of the Okcash history

Okcash 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 ideas and see OK as an example.
 
Okcash have been traded since Nov 2014 and the community continues to grow in all aspects, on social networks, in markets, in use, and with its Open Source Decentralized group dedicated Devs, it's been building a solid decentralized infrastructure that's directly reflected in the coin's efficiency and speed, with presence in more than 42 countries. 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.
 
The initial motivation behind Okcash was to create a really efficient and fast coin aiming to "improve things" or "make things better". After the success of getting added to the first exchanges, and with the community interaction and 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 "the community" with a cryptocurrency they can trust - with a name aimed for the mainstream - and with the following qualities: speed, efficiency and ease of use accompanied by a dedicated and personalized working design.
 
The "OK" name got selected to represent the brand as it reflects properly the coin's goals and attitude. OK is one of only 2 words in the whole world that requires no translation at all to be understood, giving it the potential for mainstream adoption without the problems of trying to integrate the new name to different cultures. "OK" is understood the whole world over.

OK reflects a positive outcome, speed, and empathy. Security and user experience are the first thoughts behind any update or code modification. The addition of the word "cash" was made to give it direct inclusion into the financial sector and to communicate the whole concept in a word: "Okcash".

Anybody who hears this word gets an overall concept or general idea of what it is about. OK is the technology while Okcash is the first application of this technology, being the coins we can send or put in our wallets for saving, spending or sharing.
 
Okcash has been referred to as "The future for Social Payments" and it has one of the strongest social presences in the cryptocurrency environment. You can actually send Okcash anywhere in the world by the easy use of the Discord and/or Twitter Tip bots. This makes it possible to send OK to anyone in the world, even if they have not yet installed and downloaded the Okcash wallet.
 
Okcash is also one of the few currencies that do not fight BTC. On the contrary, OK complements and supports Bitcoin and aims to create events around the world to teach people about cryptocurrencies such as BTC and OK: how they can get the advantages and how they differ from traditional fiat systems.
 
OK complements BTC, with its speed and Proof of Stake system OK works as a currency but also as an earning system. If you keep your wallet open, you gain a % of the coins you hold in your wallet as interest. This system incentivizes the network growth and security as well and is one of the key aspects of OK as it doesn't require special equipment. It is a more energy-friendly way to sustain the whole network, reducing the carbon footprint considerably against Proof of Work technology.
 
Since the start, Okcash has provided constant updates, a dedicated site for them and has delivered in time and form.
 
OK is the first cryptocurrency to hold cross-promotions between different cryptocurrency communities and everyone can visit and download the "ROKOS" project as well, a Raspberry Pi OS with full Bitcoin Graphical Client and node ready to plug and play, OK client/node ready for use, distributed for free by the Okcash Developers to support Crypto adoption and the integration of cryptocurrencies with the Internet of Things technology (IoT). Download ROKOS
 
The OK community continues to create giveaways for more crypto communities and constant contests with the addition of faucets and resources to give more users the chance to have fun and get to know, test and use Okcash (OK).



Everyone is free and welcome to integrate/develop new applications with/for OKCash.
OKCash [Logos, images and vectors] for Markets, Exchanges, Games and Services

« Last Edit: October 19, 2022, 10:40:18 PM by OKcryptocurrency »

OKcryptocurrency

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OKcryptocurrency

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Redesigned OK Reddit
(Subscribe to get latest news and Giveaways)

http://www.reddit.com/r/OKcash/

OKcryptocurrency

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Communities


Market Tools


Markets


New Resources and Yobit Addition

OKcryptocurrency

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Re: [ANN][OK] OKCash | OK Cryptocurrency | Efficient | Spend Share Save | PoS
« Reply #4 on: September 02, 2015, 05:43:49 AM »
OK Wallets v2.0.0.1  - Released
codename: "Core"

https://github.com/OKtoshi/okcash/releases/tag/v2.0.0.1-core


Change List 01-09-2015 v2.0.0.1-core

   - Added New Checkpoints. (Security)
    - Added New Stake Modifier Checkpoints. (Security)
    - Redesign based on users feedback.
    - New Logos with improved Resolution.
    - Icons Fix.



Zapotec

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Re: [ANN][OK] OKCash | OK Cryptocurrency | Efficient | Spend Share Save | PoS
« Reply #5 on: September 02, 2015, 11:26:41 PM »
No extra nodes/config file required, right? I actually see 10 connections in my wallet...

Principe

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Re: [ANN][OK] OKCash | OK Cryptocurrency | Efficient | Spend Share Save | PoS
« Reply #6 on: September 03, 2015, 12:36:40 AM »
A set of 5 okcash avatars has been added to the altcoin avatar gallery. Enjoy!
★ GMC: GMe3xphPgHMVpKXtgUS1PDceQ9oZMePJr7      ★ ORB: oX9m3i3HUDr5hfyvWBJoyf8CMqajqMsivf    
★ WMC: wRarR72pv48RmqBwo6yNPwtdEpfRb7CXFL     ★ FUJI: FYLPULhtEogiXtW4xHUcShuxXf4oz2uPvk
★ OK: PPeXXxAzGHwLFr66MoqrqJjZZoHaXKVXNW         ★ XMG: 97fNfgmgSEQ4Gzq5e7pDuVR646Qinhh4on

OKcryptocurrency

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Re: [ANN][OK] OKCash | OK Cryptocurrency | Efficient | Spend Share Save | PoS
« Reply #7 on: September 04, 2015, 10:46:48 AM »
No extra nodes/config file required, right? I actually see 10 connections in my wallet...

That's correct, no extra config file required, you can always check for nodes and network health at:

http://explorer.okcash.co  and  https://bitnodes.net/node/185-81-165-13/  among other resources if required  ;)

OKcryptocurrency

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Re: [ANN][OK] OKCash | OK Cryptocurrency | Efficient | Spend Share Save | PoS
« Reply #8 on: September 04, 2015, 10:48:28 AM »
A set of 5 okcash avatars has been added to the altcoin avatar gallery. Enjoy!

Yay! very nice :D Thanks!

Polly Stripe

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Re: [ANN][OK] OKCash | OK Cryptocurrency | Efficient | Spend Share Save | PoS
« Reply #9 on: September 06, 2015, 01:17:27 AM »
#OKCash @OKCashCrypto added to our multi-faucet! Check it http://www.free-crypto.com/ok/

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Re: [ANN][OK] OKCash | OK Cryptocurrency | Efficient | Spend Share Save | PoS
« Reply #10 on: September 10, 2015, 08:02:53 AM »
I am a native Greek and I a am able to make translations of ann threads (error free + fast) you can see my work here http://btctrans.blogspot.gr/ message me here if you need a translation for your coin (i accept all altcoins for my work and prices are negotiable).

secco

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  • Re: [ANN][OK] OKCash | OK Cryptocurrency | Efficient | Spend Share Save | PoS
    « Reply #11 on: September 10, 2015, 10:58:17 AM »
    OK Wallets v2.0.0.2  - Released  - Mandatory Update
    codename: "Core"

    https://github.com/OKtoshi/okcash/releases/tag/v2.0.0.2-core-m


    Change List 09-09-2015 v2.0.0.2-core

       - POS system Update. (Security)
       - Protocol Upgrade. (Security)
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    OKcryptocurrency

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    Re: [ANN][OK] OKCash | OK Cryptocurrency | Efficient | Spend Share Save | PoS
    « Reply #12 on: September 23, 2015, 08:36:56 PM »
    OK wallet v3.0.0.0-core v3

    OK Wallets v3 - Mandatory



    Change List 09-23-2015 v3.0.0.0-core-v3

    • POS v2 system upgrade. (New Features/Security)
    • Anon System implementation. (New Features/Privacy)
    • HTML5 Wallet (New Features/Design/Tech)
    • BIP 32 (New Features/Security/HD wallets)
    • Encrypted Messages System v2 upgrade. (Security/Design)
    • Transition from "scrypt" to "SHA256" algorithm. (Performance/Security)
    • In wallet OKChain Explorer. (New Features/Tools)
    • Peers; Nodes List and details in Debug Window. (New Features/Tools)
    • In wallet Updates. (Latest Community updates shared at updates.okcash.co)
    • RewindChain command added. (New Features/Tools)
    • Bugs Fix. (Security/Performance)

    Anon Privacy System Starts at block: 470,000
    Annual % stake change at block: 521,257
    POS v2 kicks in at block: 555,000

    mandatory update - soon all previous clients will stop to be accepted by the network
    (your coins will be safe but you wont be able to use them until you update to a v3 version).



    v3 Mac OSX clients to be released in the coming days*

    **********************************************************************

    *New users need no extra steps.
    Just download and start your new OK wallet to start using the software.

    *Users with previous wallets.
    How to update:

    This update requires a change in the database structure to open the new features, needs to resync.
    (All your coins are safe of course)

    1.- Delete old okcash-qt.exe clients and download the new okcash v3 client. ( Zip or Installer)

    2.- Go to your okcash data folder at:

    Windows:
    C:\Users\UserName\Appdata\Roaming\OKCash

    Mac OS:
    ~/Library/Application Support/OKCash/

    Linux:
    ~/.okcash/

    Make a backup of your "wallet.dat" file, and delete all the other files in this folder except for "wallet.dat"

    3.- Install or unzip your new okcash v3 client and it will start to sync.

    4.- For faster sync you can download a bootstrap file at:

    http://bit.ly/OKbootstrap
    unzip and place it into the okcash data folder before starting the v3 client.
    (It will take around 2 hours for the wallet to reindex the blocks from the bootstrap,
    it may seem unresponsive but give it some time and it will finish its work loading the chain)


    **********************************************************************

    More Info on the new Features and Thanks to its creators:

    Info/References:

    POS v2 upgrade from Blackcoin Tech. Secure and improved PoS System.

    Buterin, Vitalik. "What Proof of Stake Is And Why It Matters"
    https://bitcoinmagazine.com/6528/

    King, Sunny. "PPCoin: Peer-to-Peer Crypto-Currency with Proof-of-Stake"
    http://www.peercoin.net/assets/paper/peercoin-paper.pdf

    Vasin, Pavel. "BlackCoin’s Proof-of-Stake Protocol v2"
    http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf

    Anon upgrade from Shadowcoin Tech. Ring Signatures like Monero/CryptoNote and others with different implementation and optional Anon transactions. (Anon Tokens).

    Tsang, Wei. "Short Linkable Ring Signatures for E-voting, E-cash and Attestation"
    http://eprint.iacr.org/2004/281.pdf

    Franklin, Zhang. "Unique Ring Signatures"
    http://csiflabs.cs.ucdavis.edu/~hbzhang/romring.pdf

    Rynomster, Tecnovert."Zero Knowledge via Traceable Ring Signatures"
    http://shadow.cash/downloads/shadowcash-anon.pdf

    HTML5 upgrade from Shadowcoin Tech. In wallet HTML5 Framework.

    HTML5 is a markup language used for structuring and presenting content on the World Wide Web. It was finalized, and published, on 28 October 2014 by the World Wide Web Consortium (W3C). This is the fifth revision of the HTML standard since the inception of the World Wide Web. The previous version, HTML 4, was standardized in 1997.

    Its core aims are to improve the language with support for the latest multimedia while keeping it easily readable by humans and consistently understood by computers and devices (web browsers, parsers, etc.). HTML5 is intended to subsume not only HTML 4, but also XHTML 1 and DOM Level 2 HTML.

    HTML5 wiki and References
    https://en.wikipedia.org/wiki/HTML5

    BIP32 upgrade from Bitcoin Tech. Hierarchical Deterministic (HD) key creation and transfer protocol (BIP32).

    A deterministic wallet is a system of deriving keys from a single starting point known as a seed. The seed allows a user to easily back up and restore a wallet without needing any other information and can in some cases allow the creation of public addresses without the knowledge of the private key.

    Deterministic Wallets
    https://en.bitcoin.it/wiki/Deterministic_wallet

    ********************************

    This is just the beginning, Android wallets and coinomi integration to be added/released in the coming weeks and will continue to add more of the new features (like a game maybe) that has been requested by the community in the Public Roadmaps, to participate/discuss OKCash development or implementation you can join the new channel #okcash-dev at Freenode, more Developers tools/documentation will be released in the coming days, Njoy.

    secco

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  • Re: [ANN][OK] OKCash | OK Cryptocurrency | Efficient | Spend Share Save | PoS
    « Reply #13 on: September 24, 2015, 01:51:56 PM »
    is the new v3 not supporting the -datadir command line parameter??

    My primary hard disk is a SSD with double boot, so I don't have much space for all blockchain data there!
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    OKcryptocurrency

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    Re: [ANN][OK] OKCash | OK Cryptocurrency | Efficient | Spend Share Save | PoS
    « Reply #14 on: September 24, 2015, 02:38:31 PM »
    is the new v3 not supporting the -datadir command line parameter??

    My primary hard disk is a SSD with double boot, so I don't have much space for all blockchain data there!

    it does work, just need to make sure the folder does exist and proper usage is:

    windows:                   in command window:      okcash.exe -datadir=c:/newdatadir

    linux:                  in terminal:  ./okcash -datadir=/home/user/newdatadir

    or daemon             ./okcashd -datadir=/home/user/newdatadir

    Let me know how it goes ;)

     

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