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README.md

ARbit

What Is ARbit? 

ARbit is a Proof of Stake Cryptocurrency. The first two weeks after release will consist of a two week Proof of Work period.

Why ARbit?

It is the goal of the ARbit developers for everyone involved in the Cryptocurrency revolution to have access to the exciting developments that have been taking place. An ASIC-friendly, mixed PoW/PoS coin with eventual anonymous transaction capabilities has been sorely overlooked.

The ARbit developers believe that progress should never be held back. ASICs use much less energy than GPUs and are orders of magnitude more efficient. The energy used mining Scrypt coins for years to prolong the days of GPU mining was a truly enormous waste of resources on a global scale. Why hold back progress? ARbit encourages it.

ARbit Specifications

Coin Generation: Pure Proof of Stake with Proof of Work period upon release

Proof of Work Algorithm: SHA-256

PoW Block Reward: 100000 ARB

PoW Blocks: 10000

PoW Target Blocktime: 1 minute

RPC Port: 31931

Port: 31930

Time to Maturity: 100 Confirmations

Proof of Stake Reward: 1000 ARB per block

Minimum Coin Stake Age: 6 hours