||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, by accounts that are unlocked on network nodes. Since the full coin supply already exists, HBIT is redistributed through the inclusion of transaction fees which are awarded to an account when it successfully creates a block. This process is known as forging, and is akin to the mining concept employed by other cryptocurrencies. 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.