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Okcash Long Term
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Understanding Okcash Blockchain Halvings: Ensuring Long-term Value and Scarcity

The Okcash blockchain operates on a principle that ensures its currency’s long-term value and scarcity — the halving event. This concept, crucial to the Okcash ecosystem, is designed to create a deflationary economic model akin to gold or Bitcoin. Let’s delve into the mechanics of Okcash blockchain halvings and understand their significance. What is a Block Halving Event? A block-halving event in the Okcash blockchain is a periodic process that reduces the number of Okcash coins (OK) awarded to stakers for each new block created. Initially, the reward was 2000 OK coins per block by Proof of Work (PoW) mining, but after the 33,186th block, the system evolved into Long-Term Sustainable Staking (LTSS) Proof of Stake (PoS), leading to scheduled halvings. Halvings occur approximately every 1, 2, and 10 years, based on a calculation of 501,257 blocks per year, continuing until the block […]

Ok Halving
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Okcashblockhalf.com update — Okcash halving information and stats

What is a block halving event? 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). Visit Okcashblockhalf.com to learn more and check different OK stats. 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 (approximately by year 2070). As of now, the block reward is under the LTSS PoSv2 system at a rate of 22% per year [Variable block reward + variable network growth by net staking percentage] and will decrease and evolve to LTSS PoSv3hybrid after next halving […]

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