There are plenty of cryptocurrencies on the market today, and as an avid miner, there’s always a new platform to get curious about.
One recent cryptocurrency you may have heard of is Okcash, which is gaining positive reviews worldwide because of its unique features.
Below you’ll find a detailed review of Okcash, including a breakdown of how it works, what makes it stand out from other cryptocurrencies, and whether or not it’s considered a safe investment.
What is Okcash?
Okcash, or just OK for short, was originally developed as a hybrid cryptocurrency. Thanks to improvements over time, it has since expanded to become a full Proof of Stake system.
The main draws of this currency are its efficiency, sustainability, open-source programming, and peer-to-peer transaction capabilities. With over 300,000 users so far, this unique offering is slowly making its way into the mainstream.
How Does Okcash Work?
Mining
It’s really simple to mine OK, and there are several ways to do it. The most common way to earn units of this currency is by applying one of the relevant algorithms. Additionally, by keeping your currency-holding wallet running in the background, you can earn more units passively without exerting any effort or investing in more equipment. The accumulation rate starts at about 69% a year.
Trading and Exchanging
Once you’ve mined enough units, you can easily use the applications tools to make peer-to-peer transactions with friends. You can also exchange units on cryptocurrency markets such as Crex24, Stex and Bittrex. Unfortunately, you cant trade OKcash on eToro yet, but we hope that the possibility will open up in the future.
The Okcash Wallet
Your virtual wallet is the tool you’ll use to conduct all of your peer-to-peer transactions and store your existing currency units. It even includes a feature that allows you to send and receive secure messages.
Open Source Technology
If you’re familiar with coding and wish to make modifications to the program, its open-source software will allow you to make any improvements you desire.
Okcash Step-by-Step Getting Started Guide
This form of cryptocurrency is easy to use:
- Simply head over to the official website.
- Click the button at the top right of the screen that says Free Download.
- You’ll be guided through the installation process and download the software onto your device that you can access just by clicking on the Okcash icon.
- You’ll be asked to provide information to fill out your account details. Then, you’ll have access to the Okcash dashboard for mining, trading, etc.
Who is Okcash For?
OK is best suited for prospective users who have some moderate experience with other cryptocurrencies. Having a solid foundation for understanding crypto mining will come in handy when using the more advanced features. Coding experience can also be useful if you’re interested in editing the platform’s open-source software.
Who is Behind Okcash?
The development of OK was made possible by a wide variety of different supporters, including individual volunteers and several tech companies including:
• Microsoft Azure
• OK Devs
• ROKOS Bitcoin Fullnode
What Makes Okcash Unique?
OK can be set apart from other cryptocurrencies largely because of its open-source nature, peer-to-peer capabilities, and heightened sustainability levels. It is also known for its unusually fast transaction speed and low rates.
Conclusion
Now that you’re familiar with all the unique benefits that Okcash offers it’s time to start mining it yourself! The process is really simple, and you’ll be surprised by how useful this application can be. When you’re ready to start your Okcash journey, just go online and download the application for free on whatever platform you use.
FAQ
What Platforms is Okcash Compatible With?
OK can be used on every available OS platform, including Mac, Linux, Windows, and Raspberry Pi. It is also optimized for IoT incorporation.
Is Okcash Sustainable?
One of OK’s main benefits is that it has a very high degree of sustainability and energy efficiency compared with other cryptocurrencies.
Where is Okcash Available to Use?
OK is a highly accessible cryptocurrency with no location-based restrictions, and it’s mined by users from all around the globe.
Is Okcash Legit?
According to various experts in the industry as well as real users, Okcash is a safe and secure cryptocurrency that can actually help make you money, and its unique peer-to-peer and open-source features are sure to come in handy.