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by OKCash category: Technology
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Join us to celebrate OKCash 1st Birthday and the increased Growth of Bitcoin!
OKCash and Bitcoin are open-source; their design is public, nobody owns or controls OKCash or Bitcoin and everyone can take part!
What is OKCash?
(Proof of Stake) OKCash is a new Cryptocurrency or Digital Cash that got released in November 2014. Since inception OKCash has done a fantastic job making OK (the currency symbol) accessible and user-friendly.
Complimenting Bitcoin, with its speed and Proof of Stake algorithm OKCash operates as a digital currency but also as an earning system. If you keep your wallet open, you gain a substantial percentage of OKCash you hold in your wallet as interest. This system incentives the network growth and security as well, and is one of the key aspects of OK as it does not require special equipment, It is more energy friendly while reducing the carbon footprint considerably making it long term sustainable.
OKCash has been referred to as “The future for Social Payments” and it has one of the strongest social presences in the ecosystem. You can actually send OKCash to anyone, anywhere in the world easily; using Reddit and/or Twitter Tip bots even if the recipient has not yet installed and downloaded the OKCash wallet.
Since Nov 2014 the OKCash community continues to grow in a number of key areas including but not limited to, social presence, market stability, market cap, merchant participation, and developing a reliable decentralized infrastructure reflected in OKCash efficiency and speed. OKCash is also one of just a few digital currencies developed that have not experienced any major blockchain issues since the release and on top of that has a Voluntary Dedicated (in-house) development team on stand by in the event that anything should falter.
The “OKCash” name was decided upon to represent the new brand precisely, reflecting properly OKCash goals and community 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 hassle of trying to integrate the new name to different cultures. 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”.
For more information visit OKCash
What is Bitcoin?
(Proof of Work) Bitcoin uses peer-to-peer technology to operate with no central authority or banks; Released to the public in 2009. The first and most successful cryptocurrency, started the revolution in decentralized technology and payment systems. Managing transactions and the issuing of bitcoins is carried out collectively by the network. Through many of its unique properties, Bitcoin and OKCash allows exciting uses that could not be covered by any previous payment system.
For more information visit Bitcoin
We’re a community of users, contributors and developers who advance the Bitcoin and cryptocurrencies environment by supporting — and building with — open technologies.
OKCash is digital cash. OK is the official symbol. Transactions or Payments have really fast confirmations, making them virtually instant. You can send OKCash to family or friends, or pay for goods or services, anywhere in the world. The OKCash network is decentralized and free from middlemen, giving you back control of your finances and providing a secure network for all of your payments.
Some of OKCash features: Increased Privacy, Fast, Efficient, Social, Community based (like Bitcoin), Decentralized, Optional Anon Transactions (OKCash Anon Tokens), Encrypted Messages system (in wallet Anon Chat), friendly to use, Universal Brand, Multicultural, Multi-platform, Tor and i2p compatible and much more..