OKCash

FAQ's

What is OKCash (OK)?

OKCash is an open-source digital currency that enables its users to make transactions almost instantaneously. It boasts of a confirmation rate higher than most cryptocurrencies around.

How was OKCash launched?

OKCash started out in 2014 as Pimpcash, and was rebranded in February 2015 to OKCash by the lead developer who calls himself OKToshi. The cryptocurrency prides on being open-source and fully decentralized as anyone can contribute to the OKCash code.

Who is the team behind OKCash?

OKToshi has plenty of experience in software development, having created ROKOS, a Linux-based OS for IoT devices like Raspberry Pi, which comes with a built-in wallet for OKCash as well as some other cryptocurrencies.

How to stake OKCash?

To stake OK coins it is recommended to run the OKCash Core wallet with an entire copy of the blockchain on your Computer or a Virtual Private Server (VPS).

To get the highest possible rewards, please make sure to stay online 24/7 and keep the wallet unlocked for staking only.

Which network metrics do the rewards depend on?

The individual OKCash rewards depends on the Block Reward, Block Time, Daily Network Rewards and Total Staked.

Every block one staker is randomly selected whereas 1 staked coin counts as one “lottery ticket”. The selected staker has the right to create a new block and broadcast it to the network. He then receives the block reward and the fees of all transactions successfully included in this block.

In our Staking Calculator you can play with the above mentioned metrics to understand the dynamics and create all kinds of reward scenarios.

Is there a risk to stake OKCash?

Staking OKCash is safe as long you protect your private keys. There is no risk of slashing.