OKAMUA

WHITE PAPER – V 0.2

1. Origin of Okamua

 As the Hawaiian language of “the first”, “first”, “first”, it means the first encrypted e-currency, finishing the generation of all bills of currency and allowing the user to truly enjoy the free, do. The Indians who lived in the past, freed the world and enjoyed peace and freedom, have now used the Hawaiian language to highlight the meaning of the message as the first step in the future of money in the new age, or as a message of peace in the future. This will be the basis of the first user-level electronic encryption. 

2. Development background

As everyone knows, the world no longer uses a lot of bills. And, as an alternative to future money, many  cryptocurrencies  are flooding. But is it really the look of future currency that we can use safely? Rather, are they close to daily fluctuating stocks? Can we buy bread, rice, and necessities with the coins at the same price today and tomorrow? This reason was we started Okamua.

1. Pros and cons of current currencies 

  • Anonymity
  • Convenience
  • Lost problems 
  • Too many kinds of money
  • Counterfeit bill problem(Fatal)
  • Expensive transaction fee
  • Re-Issuance Cost Problem(Fatal)

2. Pros and cons of crytocurrencies 

  • Anonymity
  • Sharing information in decentralization
  • Lost Hazard (Fatal)
  • Resource wasting and competition due to mining
  • Possibility of collusion of mining pool
  • Increase in fees
  • The sudden change in price (fatal)
  • Loss / Delay of Transaction
  • Hacking problem of new coin (source released)
  • Invisible centralization / uncertainty of responsibility / difficulty of use (fatal)
  • Absence of accountability after hacking or loss (fatal)
  • Complexity in Coin Units

3. Okamua as a solution to all thsse above issues
 As we have seen above, we can see that there are many problems of current currency and bit coin types. Some may know the fact, or others who do not know it at all. However, if there are people who profit, there are those who lose together, and if there is a damage caused by price fluctuations like stocks , you will understand it. But who is responsible for loss or hacking? What do we really need to pursue to solve the problems of the current currency and crytpocurrencies and to pursue the future currency as a form of development and ease of use. Okamua solved all these issues.

3. Features

1.  Semi-centralization to pursue full responsibility 

  • Hacking is not possible when the initial node is are not enough 
  • It is not necessary to disclose the source because of the certainty of   – For the harmonization of super nodes, we have devised WV algorithm to solove DPos issue. This will be the similar structure like Presidential representative democratic system. Also, DPos will solve speed problem by eliminating unnecessary competition. to solve problems such as hacking, transactions, and even loss, thereby raising the user’s level of confidence and improving stability in coins. 
  • In the existing ledger method, if coins are stolen by hackers or criminals, they are diluted after several transactions due to bitcoins’ characteristic, so if policy want to find it, police need to wait until money are withdraw. This case will be completely solved with coin transaction method. 

2. User-based coin that embraces present and future usage together 

4. WV-DPos Consensus

  • For the harmonization of super nodes, we have devised WV algorithm to solve DPos issues. This will be the similar structure like Presidential representative democratic system. Also, DPos will solve speed problem by eliminating unnecessary competition.

5. UI/UX

  • With QR codes, users can easily and quickly process addresses, checks, donations, etc. 

Contact Us

If you are interested, please email us.(info@nflsoft.com).

Thank you.