OKCash integration to BitSquare - The Decentralized Bitcoin Exchange
OKCash is getting integrated in the coming release/update for Bitsquare
Visit the Bitsquare website at: https://bitsquare.io/
What is Bitsquare?
Bitsquare is built for those who:
Want to exchange a national currency such as dollars, euros, or yen for bitcoin.
Want to exchange a wide range of alternative crypto currencies for bitcoin.
Do not want to trust any exchange for holding your funds.
Do not want to forfeit control or privacy to a central authority in order to trade with other individuals.
Regard financial transactions as a form of private speech that should be protected from surveillance by banks, governments, and other institutions.
Bitsquare is designed to be:
Decentralized – there is no single point of failure.
Safe – Bitsquare never holds your funds.
Instantly accessible – no need for approval from a central authority.
Private -no one except trading partners exchange personally identifying data.
Open – every aspect of the project is transparent.
Easy – we take usability seriously.
Exchanges play a critical role in the bitcoin ecosystem. Without them, it would be nearly impossible to buy or sell bitcoins for euros, dollars, yen or yuan. Bitcoin would be a market without liquidity; bitcoin would be worthless.
Satoshi Nakamoto created Bitcoin with the motivation to solve the problems of centralized payment systems so it seems inconsistent that centralized Bitcoin exchanges are still the primary way to acquire bitcoins. In our opinion the dominance and vulnerability of centralized exchanges is the Achilles heel in the current Bitcoin ecosystem.
There have been many discussions in the forums about how to build a pure P2P based solution but there is still no real decentralized bitcoin exchange available yet.
That’s where Bitsquare comes in.
We have developed a solution which is based on pure P2P infrastructure. While the transfer of national currency requires the involvement of traditional payment channels like banks or payment processors, we are not dependent on any particular one. Their role is limited to what it should be: They transfer national currency. No power of censoring, confiscating, monitoring or controlling your financial interaction.
To keep reading about the Philosophy of Bitsquare, and how we solve the involved challenges to make it secure and easy to use please read our White Paper:
» Download the Bitsquare White Paper
Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto
Bitcoin open source implementation of P2P currency by Satoshi Nakamoto
The Future of Bitcoin Exchanges by Richard Myers
Eliminating Bitcoin’s Weaklest Link by Chris Beams
Shelling Out — The Origins of Money by Nick Szabo
A New Kind of Social Ordering: Self-Sovereignty, Autonomous Trust and P2P Parity by John Clippinger
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?
Test ports: ( RPCport 7979 ) ( Port 7980 )
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
Test ports: ( RPCport 7979 ) ( Port 7980 )
Reddit Community: http://www.reddit.com/r/OKCash
Latest News: http://updates.okcash.co
Block Explorer: http://explorer.okcash.co
Live IRC Community: https://kiwiirc.com/client/irc.freeno...