Okcash: A Multichain, Open-source, and Eco-friendly Decentralized Peer-to-Peer Electronic Cash
Okcash, abbreviated as OK, is a pioneering multichain, energy-efficient, open-source, Peer-to-Peer electronic cash system. Established on November 24th, 2014, it has evolved from its initial Proof-of-Work (PoW) Scrypt mining phase to a stakeable asset under the Proof-of-Stake Long Term Sustainable Staking (PoS-LTSS-Sha256) consensus mechanism. Okcash was never associated with an Initial Coin Offering (ICO) or traditional funding rounds unlike many cryptocurrencies. It thrives as a self-sustainable and autonomous project, relying on a community of volunteers for support, similar to the ethos of Bitcoin. Decentralized and Community-Driven At its core, Okcash embodies decentralization and inclusivity. No single entity owns or controls Okcash. Instead, it operates on a public and transparent design where anyone can participate. This decentralized nature aligns with the fundamental principles of cryptocurrencies, emphasizing financial autonomy and freedom from centralized authorities. Stake-Able and Energy-Friendly Okcash’s journey includes transitioning from […]
