| OkCash (OK) |  | 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 hrs – max 1 year, and the stakes require 64 confirmations, OK network uses the 6969 Rpcport and the 6970 Port, Staking will have 11 halvings and is expected to last until the year 2148.
It has a market cap of over $1.58 million, a circulating supply of over 74.3 million and has traded over $521K in the last 24 hours according to CoinMarketCap.com.
OK/BTC is in the process of breaking out of an inverted head and shoulders pattern today with a close above 0.00000575. Based on the range of the pattern between the October highs and the November lows, a projected target is 0.00000875. A potential stop could be placed below today's low and raised below each successive higher low.
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| | News To Know | | Nasdaq CEO: Crypto Could Still Become 'a Global Currency of the Future'
In a Jan. 20 post on LinkedIn, Adena Friedman, president and CEO of Nasdaq Inc., stated that cryptocurrency "deserves an opportunity to find a sustainable future in our economy." Friedman also stated that Nasdaq believes crypto will have a role in the future, characterizing "the invention itself [as] a tremendous demonstration of genius and creativity."
Oracle & TRON Form New Partnership
At the recent niTRON Summit in San Francisco, the TRON Foundation has now listed Oracle as one of the firm's partners. In addition to Oracle, Steemit, Pantera, Aurora and many more were listed as current partners of the company. According to Sun, the meeting was held on partnership opportunities, tokenization and smart contracts. A tech startup adviser at Oracle by the name of Neal H, led the team from Oracles blockchains.
Bitcoin's Proof-of-Work Algorithm Needs Replacing, Argues BIS Study
The proof-of-work (PoW) algorithm used by bitcoin and some other cryptocurrencies is not viable in the long-term and needs to be replaced, argues a new study from the Bank of International Settlements (BIS). BIS, considered to be the central bank of central banks, published a research report on Monday, saying that PoW – which uses a network of powerful computers to secure the network – is "extremely expensive" and the only solution is to "depart" from using the algorithm.
Obscure Problems Crypto Users Can Face, Explained
When using cryptocurrencies in transactions, there are a number of obscure problems that users can face. Issues like withdrawing funds, sending coins to wrong address, unconfirmed transactions, orphaned blocks, fees and destination tags. In a post by CoinTelegraph they explain some of these potential issues.
The Proof-of-Stake Pandora's Box—A "Rich Get Richer" Formula?
It has been six days since Constantinople had to be forcefully put off because of a bug. Chain Security sniffed out the vulnerability just before miners upgraded gifting hackers—who appear to be on the prowl, to not only siphon out hard earned funds but revive the memories of 2016 DAO attack that as well all remember, forced a hard fork creating this semi-immutable blockchain called Ethereum. What dominates now is the talk of how Ethereum will shift from a proof of work system—or lest be labeled an environmental enemy—to a proof of stake system.
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| | | Source: Coinmarketcap.com | |
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