Cerberus (CBS) is a cryptocurrency – a form of digital currency secured and issued by a cryptographic process. Cerberus code is based on DASH further introducing InstantSend and PrivateSend transactions, as well as Masternode technology supporting network stability, providing extra services to the network and rewarding Masternode holders (varying 50-75% of the block reward).
Cerberus uses Neoscrypt as a Proof of Work algorithm utilized by Graphics Processing Units (GPU), which ensures decentralization by making the Cerberus network ASIC-resistant. As a result CBS is evenly distributed and available for everyone.
Cerberus aims to be launched at a wide range of markets, focusing on the high availability achieved by the introduction of new exchanges and coin distribution via community campaigns.
Supply parameters (12 CBS per block, 10% block reward reduction annually) were carefully designed to make CBS more attractive given the current market conditions.