OKCash Price, News and Analysis (OK)

OKCash (OK) Frequently Asked Questions

What is OKCash?

The "OK" name got selected to represent the new brand precisely because 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 hassle 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's rebranding was done in April 2015, and since then the OK cryptocurrency has been added to one of the largest cryptocurrency exchanges - Bittrex. This adds to the list of exchanges where the coin is already trading (Bittrex, Bleutrade, Cryptopia ). (Description provided by CryptoCompare)

How do I buy OKCash?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including OKCash.

What technology is included in OKCash?

OK Specs Released: Nov 24th 2014PoW Ended at block: 33,186Total coins at the end of Pow/Pos Hybrid Period: 36,297,000 OKCashMax Cap: 105,000,000 OKCashFull POS started: Dec 9th 2014Proof of StakeStake Rewards: 69% 1st Year (block 531,257)| 20% 2nd (block 1,022,514) | 10% 3rd (block 1,523,771)| 6% 4th Year on wardsPoS Min Stake Time: 8 hrTransactions: 10 confirmationsStakes: 64 confirmationsBlock Time: 72 seconds average block time.Rpcport: 6969Port: 6970Test ports: ( RPCport 7979 ) ( Port 7980 ) (Information provided by CryptoCompare)

Where can I get OKCash wallet?

OKCash produces its own wallet software that is available for download on its website, which allows you to store OKCash on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of OKCash?

One OKCash (OK) is currently worth $0.02 on major cryptocurrency exchanges. You can also exchange one OKCash for 0.00000038 bitcoin(s) on major exchanges. The value (or market capitalization) of all available OKCash in U.S. dollars is $1.73 million.

What hashing algorithm does OKCash use?

OKCash is a proof of work (PoW) and proof of stake (PoS) coin that uses the Scrypt algorithm.

How do I mine OKCash?

OKCash and other Scrypt coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

What coins are similar to OKCash?

The following coins use OKCash's Scrypt algorithm and proof of work (PoW) and proof of stake (PoS) proof-type: Wrapped Bitcoin, Cosmos, Creditcoin, Function X, Phantasma, Venus, Tranchess, Galaxy Heroes Coin, Numbers Protocol, Reflexer Ungovernance Token, Darwinia Network, mStable USD, Redd, StableXSwap and Nestree.

What is the Reddit page for OKCash?

The official Reddit community (subreddit) for OKCash is r/OKCash.