Cryptocurrency News - Bitcoin, Altcoins and more

Wednesday, 18 May 2016 00:00

The Decentralized Exchange Bitsquare integrates OKCash

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.

Philosophy

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

Further Reading:

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

Published in Bitcoin

Sunday, 01 November 2015 00:00

UberPay Bitcoin Wallet

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.

Published in Services

Sunday, 06 September 2015 00:00

OKCash The Bitcoin's Grandson History and Philosophy

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

Twitter

Facebook

Website

ANN

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 )

Published in Altcoins

Thursday, 23 April 2015 00:00

OKCash - The Future of Social Payments

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 )