cryptodemystified Posted November 5, 2021 Share Posted November 5, 2021 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 ──────────────────────────  UNDER DEVELOPMENT  ────────────────────────── TOKEN SUMMARY TWITTER | FACEBOOK | TELEGRAM | INSTAGRAM | YOUTUBE | GITHUB Quote Link to comment Share on other sites More sharing options...
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