Let's take a look at OKCash
OKCash is a rebranded cryptocurrency that was created back in 2014 as Pimpcash. Since the rebranding (takeover?) in April of 2015 by lead developer OKtoshi, OKCash has slowly been gaining ground as a popular community-based coin. It is an interesting coin as there is nothing revolutionary going on under the hood - it is just another proof-of-stake coin, popular today among smaller coins. The interesting bit comes from the fact that so many other developers and creative types are helping out with this coin. Many projects have already been released with OKCash as the primary blockchain being utilized (see https://okcash.info/resources.html) and many more are currently being worked on. I myself made a custom stats page for the coin at http://ok.cryptocronic.com.
OKtoshi seems to be one of the friendlier, smarter and more agreeable small coin devs that I have met. He also created and maintains ROKOS, which is a Linux-based operating system for IoT devices like the Raspberry Pi that comes with a built-in wallet for OKCash (as well as other cryptocurrencies in the "Flavors" edition). As ROKOS has all the libraries for coin building pre-loaded, it makes adding a new coin simple if you are a IoT device enthusiast. The latest version also supports cgminer software modified to work with Gridseed miners so making your own headless scrypt mining rig is easy with ROKOS.
This community deserves the success that I'm sure is going to come to them. Hopefully we will be seeing them listed on the larger Poloniex.com exchange sometime this year! Keep putting in that great effort OKCash community! You are an example of what an outstanding crypto community should look like. Join them on Discord at https://discord.gg/HGCctxN
Website: http://okcash.co
Total coins: 105,000,000 OK
Algorithm: Proof-Of-Stake
Block time: 72 seconds
Exchanges: bittrex.com, bleutrade.com, cryptopia.co.nz, novaexchange.com (many others)
Market History: http://coinmarketcap.com/currencies/okcash
Yeah, I like OKcash. They have big community, I was surprised and actually a lot of people use it. Cool :)
Yeah, OKcash is actually pretty cool, it's very fast has PoS and the interest you get on holding the currency is also a very nice plus.
Ive just bought more of it, i think they have a decent road map, plus the interest paid of having funds in their wallet was a no brainer for me.
Nice honest review. Will be interesting to watch this coin develop. For now a 10% staking reward is nice, but I wonder if this coin will keep up adoption after the planned halvings year over year.
I've been looking into some less known coins in the past months and this one is one of the several, that I'm trying to get to know better. I've heard it's quite popular in the gaming community - gamers supposedly bet OKcash on the results of the matches. Something like FirstBlood, but it's more adopted and simple it's there, not sure they will just switch to something new, cuz it's cool and had a big spike lately. If you know Discord, ppl use it there a lot, from what I hear. Anyways, i fyou have more info about it, post some links please. Thank you :)
Most coins have halving. It is a means to ensure the value goes up as the supply winds down. As long as there is a community still behind it, it will continue to grow regardless of halvings.
Yeah, that is a pity, but it would be sad if that was the only feature of that coin. Of any coin. I guess it's better to look at it as a nice bonus, rather than something you'd buy it for, but then again, I see it's pretty cheap, so if sb. stacks up now while it's cheap and accumulates a lot of it, then 2 percent interest is still nice and often more than you'd get in most banks so... I think it's pretty awesome. Money and a saving account in one.
Nice review, thanks!