Qora is a new second generation cryptocurrency designed from the ground up in Java and will not rely on any other cryptocurrency. It is created to solve Bitcoin’s biggest problems while also adding new promising features. It is a Proof-of-Stake coin and relied on an IPO for initial coin distribution.
Features of Qora include the following: naming service, voting system, colored coins/assets, arbitrary transactions, transaction boosting. Possible future features include anonymous transactions/zerocoin implementation, cross blockchain trading and finite blockchain/blockchain shrinking.