ABOUT HASHBIT
HBIT is a 100% proof-of-stake cryptocurrency, constructed in open-source Java.
HBIT unique proof-of-stake algorithm does not depend on any implementation
of the coin age concept used by other proof-of-stake cryptocurrencies, and is
resistant to so-called nothing at stake attacks. A total quantity of 50 billion
available tokens were distributed in the genesis block. Curve25519 cryptography
is used to provide a balance of security and required processing power, along
with more commonly-used SHA256 hashing algorithms.
Blocks are generated every 30 seconds on average. Since the full coin supply
already exists, HBIT is redistributed through theinclusion of transaction fees which
are awarded to an account when it successfully creates a block. Transactions are
deemed safe after 10 block confirmations, and HBIT current architecture and
block size cap allows for the processing of up to 1,101,600 transactions per day.
HASHBIT FEATURES
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