CobraCoin is a Proof of Work/Proof of Stake cryptocurrency that uses Scrypt as a consensus algorithm. CobraCoin can be sent anywhere in the world instantly. CobraCoin is a free open source project derived from Bitcoin, with the goal of providing a long-term energy-efficient scrypt-based crypto-currency. Built on the foundation of Bitcoin, PPCoin and NovaCoin, innovations such as proof-of-stake help further advance the field of crypto-currency.