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   1232

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%

OKEx & Kraken to List Bitcoin SV

Kraken notes that Bitcoin SV doesn't meet its usual listing requirements
19 November 2018   51

OKEx Bitcoin exchange, charged holders of Bitcoin Cash with BCHABC and BCHSV coins. Bidding for each asset is available in pairs with Tether USD, Bitcoin, Ethereum and OKB token.

Note that futures, margin trading and fiat pairs will remain unavailable for new assets. The withdrawal of coins is also closed indefinitely.

In turn, the Kraken exchange assigned the BCH ticker to the Bitcoin ABC chain, but also made a decision on the listing of Bitcoin SV (BSV).

WARNING: Bitcoin SV does NOT meet Kraken’s usual listing requirements. It should be seen as an extremely high risk investment. There are many red flags that traders should be aware of:

  • No known wallets supporting replay protection (be careful!)
  • No support in major block explorers
  • Miners apparently subsidized or operating at a loss
  • Representatives threatening and openly hostile toward other chains
  • Chain’s survival may be mutually exclusive with other chains
  • Supply is temporarily constrained because of limited wallet support
  • Some large holders have indicated they’d be dumping everything ASAP
  • Kraken has done only very minimal code review

Custodial losses taken on due to attacks originating from nChain or its affiliates will be socialized among all BSV holders on Kraken. Given the volatile state of the network and threats that have been made, Kraken cannot guarantee perfect custody of BSV.

Kraken Team

BSV trading will be available in pairs with Bitcoin, fiat USD and Euro.

Meanwhile, the BSV rate in the last 24 hours fell by almost 30%, dropping below $ 90.