HBIT is a proof-of-authority cryptocurrency built on an open-source EVM Compatible Chain. It has a total supply of 50 billion tokens distributed in the genesis block. Validators generate blocks every 5 seconds on average. Transactions are considered safe after 10 block confirmations, and HBIT's architecture allows for processing up to 100,000 TPS. HashBit Blockchain (HBIT) is a lightweight and fast EVM Compatible Blockchain designed for easy integration into applications, games, and online stores. It aims to be user-friendly for everyday use, enabling quick and simple transactions via smartphones. For more details, visit https://hashbit.org/HBIT_white_paper.pdf.