Crypto News | Bitcoin & Altcoins

UberPay is a consumer bitcoin wallet for Android that stores your crypto-currencies without compromising your security.
It includes the following coins: Bitcoin - OKCash - Dogecoin - Litecoin - Peercoin 
- Dash
 - Reddcoin - NuBits
 - NuShares 
- Blackcoin
 - Feathercoin
 - Monacoin
 - Neoscoin 
- Namecoin 
- and many more.

 

What is OKCash?  

OKCash is a new Cryptocurrency that was 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 ideals, some even adding the "positive" into its names just like in OK's previous name. Sadly most of these new coins lasted for only a few months and others lacked the determination to continue with its commitment to the code and its community. Others had outsourced development, meaning not having in-house devs, which makes the development process harder to maintain and makes it hard to build an efficient system as there is no main Developer with a real understanding of the code.
 
OKCash does not present such issues: the coin has been trading since Nov 2014 and the community continues to grow in all aspects, on social networks, in markets, in use, and with its in-house dedicated Dev it's been building a solid decentralized infrastructure that's directly reflected in the coin's efficiency and speed. 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. Even the Branding process update was neat and easy for its users, showing once again its dedication to functionality and ease of use.
 
The initial motivation behind OKCash was to create a really efficient and fast coin with a funny association to the Pimpd TV show, evoking the phrase in the sense to "improve things" or "make things better". After the success of getting added to the first exchanges, and with the community interaction and feedback, the name became a "hot topic". Hence by Devs' and community 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 with a cryptocurrency they can trust - with a name aimed for 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 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 (C-Cex, Bleutrade, Cryptopia and Yobit).
 
 
OKCash has direct USD / OK markets at Bleutrade and C-Cex, making it possible to buy or sell OK directly for fiat currency.
 
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 Reddit 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 does not fight BTC. On the contrary, OK supports BTC 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. Download OKCash Wallet
 
 
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 followed the Roadmap in time and form. Its latest release is its wallet version 2.0.0.1 with improved security and a new clean, modern and fresh design with an improved logo, and they're getting ready to release their mobile wallets in the coming weeks.
 
 
OK is the first cryptocurrency to hold cross-promotions between different cryptocurrency communities, and to incentivize further cooperation the OKCash Devs created the Altcoins Foundation: an Automated Platform that helps promote projects throughout the cryptocurrency environment and gives a space to new or established currencies to share their updates and news. Link
 
 
Anyone can visit and download the "ROKOS" project as well, a Raspberry Pi OS integrated with BTC, OK, LTC and Doge clients ready for use, distributed for free by the OKCash Developers to support Crypto adoption and the integration of cryptocurrencies with coming Internet of Things technology (IoT). Download
 
People still have the chance to take advantage of the 69% interest for the first year, and we invite them to do so, as in a few more months the % of stake (interest) will go down to 20% for the second year; still tasty but nothing like starting with 69% !
 
OK has continued with giveaways for different communities and constant contests with the addition of faucets and resources by the community to give more users the chance to have fun and get to know and use OKCash.
 
Social
 
OK Specs and Info:
PoW Ended at block: 33,186
Max Cap: 105,000,000 OKCash (5 times Bitcoin's Cap)
Full POS started: Dec 9th 2014
Proof of Stake
Stake Rewards: 69% 1st Year
| 20% 2nd | 10% 3rd | 6% 4th Year onwards
PoS Min Stake Time: 8 hr
Pos Max Stake Time: Unlimited
POS blocks to mature: 69 confirmations
Transactions: 10 confirmations
Rpcport: 6969
Port: 6970

Test ports: ( RPCport 7979 ) ( Port 7980 )

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We accept a wide range of crypto currencies including Primecoin, Worldcoin, Feathercoin and GameCredits among others of the best recognized Alternative cryptocurrencies.

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There are currently over 600 alternative cryptocurrencies in the market. Bitcoin’s source-code, being open-source and publicly available on Github, can be copied freely by anyone interested in creating their own coin.

 

The question that many people have is that, with so many alternatives, how do we evaluate which ones are worth studying and buying? After all, with each coin having its own price, it certainly feels like a 24/7 stock market.

I will attempt to go through some of the factors that we at CoinGecko use in evaluating altcoins.

1. Technical & monetary rules innovation

dogecoin

Some people have the opinion that Bitcoin’s maximum cap of 21 million coins is a limiting factor because people feel poor receiving only 0.0001 BTC at one point. Dogecoin, for example, has a total supply of 100 billion dogecoins that had been fully mined by mid-2015. It also does not have a hard cap and is projected to grow at 5.256 billion coins every year after reaching 100 billion. The changes in monetary rules creates a whole different economic incentive for the altcoin.

Other coins used a different hashing algorithm altogether. Peercoin, for instance, uses proof-of-stake instead of proof-of-work, while Ethereum is a cryptocurrency that is designed from the ground up without forking any code from Bitcoin and is also Turing-complete. There are many interesting innovations happening in the altcoin world that can be beneficial to the overall ecosystem and starting on this basis will be a good first step in evaluating altcoins.

2. Development activity

One way to gauge if a particular altcoin has a good future is to look at its development activity. A coin with an active development team will be pushing out updates and patching bugs all the time.

We can see that Bitcoin has the most active development team. All development work is done publicly via the Github repository and one can check if any of the coin developers is “sleeping”. Because many coins are “forked” from Bitcoin, it is particularly important for developers to be pushing updates whenever a bug is found in Bitcoin because it will almost certainly affect the altcoin as well since they are sharing mostly similar codebase.

codebase

3. Community strength

A coin without a community will not have any value whatsoever because no one will be using the altcoin. Looking through forums like Bitcointalk, you will notice that many will claim that their altcoin has the best community, but the best way to gauge the size of the community is to look at figures.

It is hard to say that coin X has Y number of users due to its decentralized nature. However, one can use proxies when estimating the size of the community by looking at the number of Facebook likes, Twitter followers and Reddit activity.

4. Trading volume & liquidity

Equally important is to look if there is any trading activity surrounding the altcoin. There is no point holding thousands of dollars worth of an altcoin if no one is trading it and there is very low chance of exiting your current position in the market.

There will be wild swings in price whenever any amount is bought and sold and this volatility is not good for sustaining the value of your altcoin holdings.

5. Market capitalization

Coins with low market capitalization can be easily manipulated by people planning to organize pumps and dumps tricks. One may lose a lot of money if susceptible to the lies that these people push out.

Coins with a larger market capitalization will be harder to be manipulate as it will require a substantially larger capital base to manipulate the price.

6. Public interest

Lastly, one should also consider how popular the coin is in the World Wide Web. A quick search of the coin name on Google or Bing will show how many results exist regarding the coin. Established coins like Bitcoin will have millions of search results showing the maturity of the coin, while small coins will have very little to show.

The same can be said by looking at the popularity of the coin’s official website on Alexa. Bitcoin.org, the official website of Bitcoin is very popular in the world, ranking as Alexa’s 14,175th most popular website on the planet at the time of writing.

public interest

I hope that by now you are aware of some high-level ways of evaluating altcoins based on this article. However, there are many other ways of evaluating altcoins that will require further research.

Although the altcoin ecosystem is filled with many scams – so do be extra careful when navigating this space -, it can also be very lucrative if you do your homework right. Do not believe everything that you read and always do your due diligence by checking for facts and data on CoinGecko and other websites.

Source: 1

Following feedback from the community, the OKCash developers are proud to announce:

OKCash: A new brand and a new future for social payments.

As an expression of the developers long term commitment to the coin and the community, PimpCash will now continue under a new name and a new brand.  

 


The new name is OKCash with the "OK" Ticker, the newly commissioned branding is currently being rolled out across all websites and social media.

The purpose of the re brand is to ensure that the name of the coin properly reflects the positivity, innovation and vision that is at the center of all of our work.  We firmly believe  that OKCash will have better projection and appeal to a broader international audience, making it a perfect fit for integration in different markets, exchanges and resources.  

Moving forward under the OKCash brand, development will now focus on the long term service provision for OKCash across multiple payment platforms, and the  accessibility of the new brand will compliment the socially orientated services that are currently under development.

We are very excited by the new opportunities that will be open for OKCash with its new positioning as a mainstream brand.  

The fun and inclusiveness will continue, we warmly welcome the community to the new OKCash brand and thank you for your continued support.

We will be releasing first the new Client and in the coming days the new road-maps, website and media.
(OKCash branding/ OK ticker on current exchanges will be updated over the next few days.)

Uses:  Spending, Sharing, Saving, Remittance, Social Tipping, Crowdfunding, Bitcoin Support, Education and more.

OKCash is full POS now, we will open a multipool in the coming days as well to provide miners a way to mine OKCash.

Algo: Started as a PoW/PoS Scrypt Hybrid mine-able for 15 days without halving to make it fair for all the miners no matter when they started.
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 OK
Full POS started: Dec 9th 2014
Proof of Stake: 69% 1st Year
| 20% 2nd | 10% 3rd | 6% 4th Year onwards
PoS Min Stake Time: 8 hr
Pos Max Stake Time: Unlimited
POS blocks to mature: 69 confirmations
Transactions: 10 confirmations
Rpcport: 6969
Port: 6970
Test ports: ( RPCport 7979 ) ( Port 7980 )

Website: http://okcash.co
Twitter: https://twitter.com/OKCashTeam
Reddit Community: http://www.reddit.com/r/OKCash
Facebook: https://www.facebook.com/OKCashTeam
Latest News: http://updates.okcash.co
Block Explorer: http://explorer.okcash.co
Live IRC Community: https://kiwiirc.com/client/irc.freeno...
Forum: http://forum.okcash.co
Roadmap: http://roadmap.okcash.co

The Einsteinium Foundation (EMC2 ) is embarking on a truly ambitious project that will likely change how cryptocurrency (CC) is viewed outside of the CC universe.

EMC2 is a cause-coin with a mission to find and fund worthy science research, education, and development projects.  The original plan allows for 2% of all coins mined to go to a fund for that purpose, which is fine if market values for the coin are 1000+ sat, and if we only want to fund one campaign a month.  But if our objective is to make greater impact we need to augment the system.  Recently we found that through crowdfunding we are able to achieve multiple beneficial goals: firstly we could raise funds from the CC universe and the outside world for our campaign beneficiary, we could attract positive attention to EMC2, and we could provide a vehicle for drawing attention to other CCs via sponsorships.

“I designed a way for multiple CCs to work in a unified fashion such that all CCs involved enjoy higher CC visibility, increased CC utility, stronger CC market pricing … “ said Armis, the President of the Einsteinium Foundation, “… all while responsibly raising funds for many different types of worthy causes.” he concluded.

The platform will accept all publicly traded CCs, and up to 5 different fiat currencies.  Sponsorship is integrated in many aspects of the site: profile, perk, and campaign.   Every membership account is verified, every campaign is reviewed by management, and every coin-community is closely monitored for production excellence.

The first phase of the program starts with 10 coins: 3 spaces are reserved for cause-coins, 3 spaces are reserved for game-coins, and the remaining 4 spaces are reserved for highly active communities with strong work ethics.

All communities are strongly encouraged to apply only the most impressive will have the opportunity to be included in the program.   Each coin listedwill likely represent an exceptional investment opportunity.

 

Coin Magi (XMG) utilizes a unique M7M algorithm that allows only CPU Mining. XMG has placed many efforts on the distribution of coin fairly among the miners based on a specially designed block rewarding system.

All these make XMG a unique coin out of all existing cryptocoins.

XMG solves major problems that face other coins including:

  • Miners have a hard time profiting from mining unless they started early.
  • Botnets are using free hardware to take away hashpower from legitimate miners
  • Mining farms significantly increase the difficulty of the network, thus making it more difficult for an average miner to profit.
  • All other proof of work coins require miners to purchase expensive equipment if they want to profit with their mining activities.

One of the major innovations in the M7M algorithm XMG has achieved is the inclusion of a sequential algorithm with iterative numerical computation using GMP floating-point numbers. This disables any on-going efforts of parallel implementation typically needed by GPU mining. The GMP floating-point number is another obstacle that GPU mining should conquer, while that is nearly impossible since GPU can hardly handle floating number precisely.

XMG has implemented a unique block rewarding system, which primarily includes two phases:

1) activities encouraging phase in which higher rewards are issued at higher network activities; and

2) discouraging further increase of activities by reducing rewards.

The typical constant block reward used in coins such as bitcoin has raised profit-driven hardware competition race, and thus a concern of the global energy consumption; in particular the construction of powerful hardwares is changing the decentralized and more open nature of cryptocurrency.

In contrast, the XMG rewarding system has the advantages of:

1) fair distribution of rewards among a variety of contributors, and

2) enforcing a limit to the network activity and hence the cost of maintaining the PoW network.

This mechanism requires network contributors to show their participation in order to earn maximum rewards, i.e., proof-of-mining.

The XMG team has published their results in arXiv (http://arxiv.org/abs/1409.7948)

The arXiv is a repository of electronic preprints, known as e-prints, of scientific papers in the fields of mathematics, physics, astronomy, computer science, quantitative biology, statistics, and quantitative finance. By 2012, the submission rate to arXiv had grown to more than 7,000 per month. Exposuring this coin into academia will give a big plus to XMG.
 
XMG offers users instant global payments with the use of generic computers. By design, XMG is a hybrid cryptocurrency utilizing proof of work and proof of stake II mechanisms. XMG also uses a unique staking mechanism that is designed to resist the “rich-get-richer” trend.

XMG is the first to integrate the new M7M algorithm with a new block reward system designed to give everyone an incentive to mine. Unlike other cryptocurrencies, XMG strives to achieve a fair distribution of coins using an energy efficient mining process to maintain the network.

XMG is energy efficient due to the low cost of running a CPU and the use of a staking mechanism which uses minimal power consumption. XMG also plans to add another CPU mining mechanism in the near future which gives additional rewards to CPU miners.
 
Magi is a unique next generation cryptocurrency that will pave the way for equality in cryptocurrency mining and staking. By leveling the playing field and returning the mining process to the way Satoshi intended it to be, anyone with a simple computer can stake their claim in this new currency and mine just as much as anyone else.

For technical specifications:
please visit: http://cryptomagic.com/resources/specifications.htm

To find out more about XMG:
WEBSITE: http://cryptomagic.com/
ANN: https://bitcointalk.org/index.php?topic=735170.0

XMG Tips:  9DcN7aeubNBwnnTExP9NvBZc12DXKndJ7m

Opal coin [OPAL] is a cryptocurrency backed by a new team of committed members who wish to see the coin succeed. The Opal team consists of several experienced members of the altcoins community with skills ranging from coin development and programming, to website development and marketing.

A new online slot betting platform has been launched and targets Bitcoin, Litecoin and Dogecoin enthusiasts from all over the world. The leading website, which provide one of the best user friendly platform is www.Crypto-games.net.

Vidio is a crypto currency used as a token for rewards and payment options for certain contents in pay-per-view channels/ video on Demands on the VidioShare platform, additional Vidio coins are generated from the sites central wallet which distribute the token in relation to the minted coins daily to all the users on the platform using the decentralized monetization protocol. Subscriptions and commission are payable only with Vidio.

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