MBIT is a Proof of Work crytocurrency which secures sharing of music and books on blockchain . MBIT enables artists and authors to own and control their content and be paid directly for sharing their content online on mbit platform . Users are able to buy the content from artists and authors of their choice on the distributed ledger . Artists and Authors are able to protect their content online by flagging and reporting content which is plagiarized and infringes copyright violation .