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Okcash 4WP - Staking calcs improvements implemented - LTSS (Done)

Started by OKtoshi, July 01, 2016, 01:44:35 pm

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OKtoshi

Improvements to be implemented in PoS calculations to the Okcash Staking System.

Technical Sustainability: In aims of improving the system, sustainability and reliability in OK,
while at the same time respecting scarcity.

We came up with a solution to empower OK and secure LTSS, Bitcoin has LTPoW lasting till the year 2140,
with this implementation OK LTTS would be lasting till the year 2148, making it the best PoS partner for Bitcoin
and MicroTransactions.

Economics: the 11 planned halvings will help stabilize the currency and appreciation as they kick in,
There will be some halvings with a 4 years period that will start to give OK more predictability for markets,
securing the trust of services and markets, after the 11th halving OK gets a fixated % (after year 2044*),
this will normalize the OK coins creation to grow in a constant and stable rate for the last 100+ years
becoming the most secure, stable and mathematically predictable PoS coin with LTSS and scarcity.

If Bitcoin is the Gold, OK is the Palladium. Rare and accessible.

Last OK coins to be PoS mined expected between years 2148 - 2188 depending on the % of Network Staking.

LTSS - Long Term Sustainable Staking.

LTPoW - Long Term Proof of Work.

* Aprox year per block count.

Clean readable OK Staking % Calc - Improvements table: http://jsbin.com/pitehet/1
Html txt format: http://pastebin.com/ZBtKZwVG

Full Long Term Staking Whitepaper: https://github.com/okcashpro/okcash-whitepapers/blob/master/LTSS/okcash-long-term-staking-whitepaper.pdf


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

Okorator

Thanks oktoshi for laying this out for us.

Having this planned, discussed and implemented is paramount to our long term vision.  I see no issue with the current frame work.   Others, keep in mind, this is adjustable later.

CryptoGermanBro

Very great POS plan! This should work out well with increasing demand and future adoption. Thumbs up!  :)

Jimmy16

So the "%" increase is based on  all the supply of coins being staked, or are they divided to the PoS working on the network?

OKtoshi

Quote from: Jimmy16 on July 16, 2016, 09:41:21 pm
So the "%" increase is based on  all the supply of coins being staked, or are they divided to the PoS working on the network?


The % is based on the coins being staked
OK is open-source; its design is public, nobody owns or controls OK and everyone can take part.