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Crypto Glossary


The following glossary provides definitions and explanations of terms and concepts related to Okcash, blockchain, and cryptocurrency. Whether you're a new user or a developer, this glossary will help you understand the key elements of the Okcash ecosystem and beyond.

 


Blockchain

A shared public ledger where all transactions are recorded in chronological order. It secures and verifies OK transactions across all multichain networks.


Multichain

A feature of Okcash that enables integration across multiple blockchain networks, including Ethereum, Binance Smart Chain, Polygon, Avalanche, Arbitrum, Optimism, and more, allowing for seamless cross-chain interactions.


Staking

Okcash's process of locking OK tokens in staking pools on various networks to earn rewards. By staking, users support network security and contribute to the decentralization of Okcash.


LTSS

Long Term Sustainable Staking (LTSS) is the model by which Okcash rewards users who participate in staking. It ensures efficient and secure validation of transactions and long term network growth and stabilization.


OK DAO

The Decentralized Autonomous Organization governing Okcash. OK DAO enables the community to submit proposals, vote on initiatives, and direct the future growth and integrations of Okcash.


Web3 Wallets

A digital application that stores and manages Okcash. Web3 Wallets generate unique addresses for users to send, receive, and store their OK tokens securely across multiple networks.


Staking Pool

A pool where OK holders can lock their tokens to earn rewards. Okcash offers multichain staking pools on networks like BASE, Binance Smart Chain, Polygon, and Avalanche, allowing users to earn high APYs.


Smart Contract

Self-executing contracts with the terms directly written into code. Okcash utilizes smart contracts on each blockchain network for staking, transfers, and secure, transparent transactions.


Transaction

A transfer of OK Token value between wallets that is confirmed by the network and recorded on the selected blockchain. Transactions are fast, secure, and irreversible.


DeFi

Short for Decentralized Finance, an ecosystem of financial applications built on blockchain networks. Okcash’s multichain support integrates seamlessly with DeFi protocols across various networks.

Unichain

An upcoming Layer 2 blockchain developed by Uniswap, which Okcash is exploring for potential integration. Unichain focuses on scalability and efficient DeFi transactions.


OK DAO Treasury

A fund of OK tokens locked until 2026, dedicated to the OK DAO for future development. The Treasury supports community-led proposals and ensures funds via smart contracts for network growth.


Private Key

A secret code linked to your wallet that allows you to sign transactions. It provides proof of ownership and access to your funds. Never share your private key.


Public Key

The public code generated by your wallet that others use to send you OK tokens. It’s derived from your private key and can be shared safely. Also called wallet address.


Team.Finance

A security platform that provides liquidity locks, token locks, and staking services for Okcash, ensuring that staking pools and Treasury funds are secure, transparent, and auditable.


Cross-Chain

Refers to the ability of Okcash to interact across different blockchain networks. This allows users to send, receive, and stake OK on multiple chains, expanding its reach and utility.


Gas Fees

Fees paid to process transactions on a blockchain. Okcash users pay optimized gas fees depending on the network in use, ensuring efficient and cost-effective transactions.


DEX

Short for Decentralized Exchange, a platform for trading cryptocurrencies directly on the blockchain. Okcash is tradable on various DEXs, offering easy, permissionless swaps across networks.


APY

Annual Percentage Yield, the rate of return on staked OK tokens. Okcash staking pools on various networks offer competitive APYs, rewarding participants for securing the network.


Multisig

Short for Multi-Signature. A security feature that requires multiple keys to authorize a transaction, ideal for group wallets and the OK DAO’s Treasury management.

 









Welcome to the next generation of digital currency

OK is open-source and multichain; its design is public, nobody owns or controls Okcash and everyone can take part.

Okcash is not a security, it never had an ICO, nor any kind of funding rounds.
OK is self sustainable and is fully supported by volunteers (Just like Bitcoin).