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

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

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OKupdates

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

Updated on: Dec-31-2019

LTSS POS Block Rewards
15 halvings: 69%(Pow/PoS start),
20%(year), 10%(year), 5%(year), 2.5%(year),
22%(year), 11%(year), 6.9%(2 years), 3.9%(2 years), 3.6%(2 years), 3.3%(2 years),
3%(10 years), 2%(10 years), 1%(10 years), 0.69%(10 years),  .33% (forward years [100+])

Okcash POS White Paper: okcash-whitepaper
Okcash LTSS White Paper: okcash-ltss-whitepaper
Okcash SEM White Paper: okcash-sem-whitepaper

*POS - Proof of Stake.
*SEM - Secure Encrypted Messaging.
*LTSS - Long Term Sustainable Staking.
*LTPoW - Long Term Proof of Work.

LTSS PoS calcs to the Okcash Staking System.
LTSS original thread: http://okcashtalk.org/index.php/topic,16.0.html

Technical Sustainability:
In aims to improve the OK system security , sustainability and reliability, while at the same time respecting scarcity and the original PoS expected supply growth proposed in the V1 LTSS WP.

Okcash came up with a solution to empower the system and secure LTSS.
Bitcoin has LTPoW lasting till the year 2140. OK LTTS (staking) will be lasting till the year 2148.
Making Okcash the best PoS partner for Bitcoin and Micro Transactions.

Following the Original schedule of expected distribution proposed on the V1 LTSS WP, and based on the past performance of the OK Network / Users / Staking for the first 5 years of Okcash,
we have improved and refined the LTSS System by fixing the halving periods based on past performance and future expectation of the Staking Network Percentage in the system to match the original Proof of Stake expected growth.

Economics: 15planned halvings will help stabilize and secure the network and appreciation as they kick in.
This system proposes: 6 halvings with a 1 year period, 4 halvings with a 2 years period, and 5 halvings with a 10years + period.
This halvings have been fixed to a 33.33 % / 16 .66 % and 10 % expectancy of staking network based on past 5 years performance of the OK chain.
After the 15th halving OK gets a fixated % (after year 2070*), this will normalize the OK network, help secure the chain growth and improve the distribution with the participants of the network , giving Okcash a constant and long term growth with organic appreciation.

* 501,257 blocks per year average.

Last OK coins to be PoS mined expected between years 2148 - 2XXX depending on the % of Network Staking.

Clean readable OK Staking % Calc - Improvements table: https://i.imgur.com/2XxJL6q.png

Full Long Term Staking Whitepaper: https://github.com/okcashpro/okcash-whitepapers/blob/master/LTSS/okcash-long-term-staking-whitepaper.pdf
Okcash is self sustainable and is fully supported by voluntaries (Just like Bitcoin)

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?

OKupdates

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
Okcash is self sustainable and is fully supported by voluntaries (Just like Bitcoin)