HBIT is a 100% proof-of-authority cryptocurrency, constructed in open-source EVM Compatible Chain. A total quantity of 50 billion available tokens were distributed in the genesis block. Blocks are generated every 5 seconds, on average, by Validators. Since the full coin supply already exists, Transactions are deemed safe after 10 block confirmations, and HBIT current architecture and block size cap allows for the processing of up to 100000 TPS.