Competitive advantages
POS Consensus Algorithm
The main technological feature is the use of the scrypt function as a hashing algorithm and a POS generation system.
Proof-of-stake (PoS) - a method of protection in crypto currencies, based on the need to prove the storage of a certain amount of funds on the account. When using this method, the algorithm of crypto currency is more likely to choose an account with a large amount of funds in the account to confirm the next block in the chain.
In other words, the blocks are signed by the nodes of the stakes (the owners of the shares). The probability of signing the block increases depending on the size of the stake. Therefore, the crypto currency is resistant to most attacks to which POW systems are vulnerable. In addition, coin self-organization will be carried out through mining, where a direct stimulus to the support of the network will be the issue of new coins.
Another not unimportant advantage is that the OCC mining technology does not require the cost of power supply for storage and processing of colossal databases serviced by huge mining farms.
OCC Mining is more energy efficient!
OCC uses several cryptographic algorithms to ensure the security of its users:
The first of these is ECDSA, a public key encryption algorithm that is associated with every coin in a system using a public key, private key and signature, so that each node of the network host can verify the coin's identity.
The second is the already known encryption algorithm SHA-256 and is considered the gold standard in most crypto currency in the world.
Thanks to the use of SegWit, which implements approximately fourfold increase in the block size. Each block in the OCC will be generated in 2.5 minutes versus 10 minutes in cryptothermics based on POW.
Capacity without the use of Lightning Network 7 - 10 transactions per second.
Capacity with the use of Lightning Network technology is more than 100 transactions per second.
Lightning Network
LN technology gives OCC a number of excellent features, one of them is an unlimited number of transactions processed almost free of charge in the so-called payment channel. The Lightning Network protocol also allows you to calculate the network commission only when the channel is closed (for example, at the end of the day or month). This fundamental feature is difficult to overestimate, as it will several times increase the efficiency of using the capacity of the blockchain network.
The implementation of Lightning Network is a priority task, which will go into development immediately after the launch of the blocking system and the release of all major purses.
Development of the SDK and API
We understand that no online business can exist today without a clear and stable use case. We will prepare and provide a complete package of integration solutions designed for the most popular online systems that exist today, as well as provide you with clear and simple documentation.
This is the possibility of cold storage and transfer of coins through code. This is a convenient and safe method of transferring coins to a user who may not even have a purse at the time of receiving coins. After receiving and activating the code, the user replenishes his balance for the amount of OCC mortgaged during the creation of OCCode.
Each user is allowed to create an unlimited number of addresses. The lack of administrative management and peer-to-peer status makes private or government regulation of the system impossible.