MBITBOOKS is using scrypt as a proof-of-work algorithm.
5 minute block targets
subsidy halves in 810K blocks (4 years)
81 million total coins
Premine percent 20% (Development + Marketing + Bounties)
40 coins per block
10 mins to retarget difficulty
Binary version of the MBITBOOKS client software runs on intigrated MBIT blockchain .
RPC port 12208
P2P port 12207