Okcash Block Staking Reward to Halve

The Next Okcash block staking/mining reward halves on block number 1,523,771, which is approximately on March 9, 2018
09 March 2018   1571

OK is a hybrid cryptocurrency that started with PoW mining on November 2014 to then turn into a full Proof of stake currency. OK requires 10 confirmations for transactions, the block time is 72 seconds, the staking times are: min 8 hours - max 1 year, and the stakes require 64 confirmations.

According to the official Okcash Block Reward Halving Countdown, the Next Okcash block staking/mining reward will halve on block number 1,523,771, which will approximately occur on March 9 2018 at 20:20:36. The yearly coin percentage reward will decrease from 10% to 5% yearly over the staked coins.

At the moment of press these are the main parameters of Okcash:

  • Approximate block generation time: 72 seconds
  • Approximate blocks generated per day: 1195.020746888
  • Difficulty: 637,311
  • Okcash inflation rate per annum: 10.00%
  • Okcash inflation rate per annum at next block halving event: 5.00%
  • Approximate OK coins generated per day: 10,755
  • Actual Staking/Mining Percentage: 10.00 % / Year
  • Total OK coins in circulation: 73,862,747
  • Total OK coins to ever be produced: 105,000,000
  • Percentage of total OK coins mined: 70.3455%

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   55

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.