Based on Proof-of-Stake. No more power hungry mining hardware.
Users who keep their wallet open to secure the network via staking will get 25% per Block.
Anyone with 150.000 GLB can run a masternode to get some rewards. Masternode owners get 75% per Block.
Everyone shares the bank history, so it's entirely transparent.
It is extremely fast, you can send money to anyone in the world within seconds.
Globy's proof of stake makes the network lightning fast.