Reading Time: 2 minutes(Last Updated On: March 4, 2019)

World’s First SHA-3 Cryptocurrency

Equibit Group publicly released the Equibit mainnet, and with it the world’s first SHA-3 cryptocurrency, on March 1, 2019 sparking the beginning of the world’s largest peer-to-peer network for security tokens. The Equibit genesis block was mined on February 21, 2019 at 11:40am eastern standard time.

The open-source application allows users to run an Equibit node, validate and initiate transactions, set up a wallet and much more. Equibit is the first cryptocurrency to use SHA-3, the new secure hashing standard. SHA-3 is more efficient and arguably more secure against quantum-based computing attacks than its predecessor SHA-2, used by Bitcoin. Equibit also includes a mining difficulty adjustment algorithm that continuously adapts to changes in network hash rate, keeping block times more consistently at 10 minutes, making it harder for a large miner to attack the network.

You can download Equibit versions for Windows, Ubuntu, and Docker at the following links:

windows: https://github.com/Equibit/CoreBinaries/releases/tag/v0.02.22

docker: https://hub.docker.com/r/macterra/eqb-mainnet/tags (v02.22 tag)

source: https://github.com/Equibit/equibit-core (v0.02.22 tag)

installation: https://github.com/Equibit/Open-Testnet/wiki/EQB-Node

A miner application, released on the same day, allows miners to complete proof-of-work operations with their CPUs and GPUs, thus securing the network and adding blocks to the Equibit blockchain. In return the protocol rewards them fresh units of the network’s native cryptocurrency, EQB. A total of 22 million EQB will be produced by the Equibit protocol over the course of about 55 years. Production rates follow a normal distribution, like a coal mine or oil well.

You can download the mining application at the following link:

source: https://github.com/Equibit/Open-Testnet/wiki/EQB-Miner

We encourage anyone mining to join the #mining channel on our Discord server so we can all support each other in this collaborative effort.

About Equibit Group

Formed in 2015, Equibit Group brings the benefits of blockchain technology to capital markets. Our wallet leverages the full functionality of the Equibit blockchain and can execute cross-chain atomic swaps between Equibit, Bitcoin, and any other cryptocurrency with similar scripting features. Our vision is for the world of finance to move onto the Internet with massive public blockchains acting as the ultimate registration systems for securitized assets.

For further inquiries please contact

Chris Horlacher

[email protected]