The Okcash protocol is not just about sending money from A to B. It has a strong and constantly growing social presence, an Universal name and It has many features like Encrypted Anon Messages Chat, Optional Anonymous tokens and opens many possibilities that the community is still exploring. Here are some of the technologies currently being researched and in some cases, turned into real products and services. The most interesting uses of Okcash are probably still to be discovered.
Protection against fraud
An unprecedented level of security is possible with Okcash. The network provides users with protection against most prevalent frauds like charge backs or unwanted charges, and Okcash are impossible to counterfeit. Users can backup or encrypt their wallet and hardware wallets could make it very difficult to steal or lose money in the future. Okcash is designed to empower and allow its users to have complete control over their money.
All payments in the world can be fully inter operable. Okcash allows any bank, business or individual to securely send and receive payments anywhere at any time, with or without a bank account. Okcash is available in a large number of countries that still remain out of reach for most payment systems due to their own limitations. Okcash increases worldwide access to commerce and it can help international trades to flourish.
Cost efficiency, Energy friendly
Automated solutions, IoT, ROKOS
Automated services usually have to deal with costs and limitations of cash or credit card payments. This includes all kinds of vending machines, from bus ticket booths to coffee machines. Okcash is suited to be used in a new generation of automated services as well as to cut their operating costs. Imagine self-driving taxis, or a store where your basket lets you pay your purchases without waiting at the queue. Many ideas are possible. Okcash has a release focused for the upcoming IoT technology code named ROKOS for Raspberry Pi devices, which includes clients for the top cryptocurrencies and is distributed for free to support the IoT/Crypto adoption.
Trust and integrity
Okcash offers solutions to many of the trust problems that plague banks. With selective accounting transparency, digital contracts, and irreversible transactions, Okcash can be used as a ground to restore trust and agreement. Crooked banks cannot cheat the system to make a profit at the expense of other banks or the public. A future in which major banks would support Okcash could help to reinstate integrity and trust in financial institutions.
Resilience and decentralization
By its high decentralization, Okcash created a different form of payment network with an increased level of resilience and redundancy. Okcash can handle millions of dollars in trades without requiring military protection. With no central point of failure such as a data center, attacking the network is a more difficult project. Okcash could represent an interesting step forward in securing local and global financial systems.
An Encrypted Messages Chat system comes integrated within the Okcash Core wallet, giving the users the possibility to establish secure and even anonymous communications, protecting the users privacy and empowering them with a social and secure worldwide communication system.
Proof of Stake