(Pics from their website https://denarius.io/)
With a current Market cap of $182,252 Denarius might look like a pre mined scam coin like 90% off all the other crypto coins. Nothing of this is true. There are 1 million coins pre mined but 50% of them are used for promotion . They also dont stake the pre mined coins.
Lets look more into this new and unknown coin.
1:
What is Denarius?
Denarius is a new cryptocurrency based off the original Bitcoin Core by Satoshi Nakamoto. Denarius features many changes, such as Stealth Addresses, Encrypted Messaging, Tribus a new PoW hashing algorithm that is ASIC resistant, and a max of 10,000,000 DNR to be created during the PoW lifecycle of 3 years, which then transitions to Proof of Stake with 6% APR.
This means that only 10 million coins can be created and mining pools have been popping up over the last days. People want to mine the coin and they will do it fast.
It also has a completely new PoW hashing algorithm that is ASIC resistant. Imo this is huge! this should have a 100 million $ market cap in the near future.
2:
Why Denarius?
I gained inspiration for the name Denarius after the Roman currency system. The dēnārius ( pronunciation: /deː.ˈnaː.rɪ.ʊs/) ; plural: dēnāriī (pronunciation: /deː.ˈnaː.rɪ.iː/) was a small silver coin first minted around 211 BC during the Second Punic War. It became the most common coin produced during ancient roman times for circulation in the general public.
3:
What is Tribus?
Tribus (latin for three). Is the Proof of Work hashing algorithm used in Denarius. Denarius is the first cryptocurrency to feature this new algorithm. Tribus consists of three of the most popular and secure cryptography algorithms that were featured in the NIST5: JH, Keccak, and Echo.
4:
Does it have fast transactions?
Denarius is fast. 30 second block times, 10 confirmations, and 30 confirmations to mature. It is the fastest coin on the market in the world!
If you download the wallet you can also make more coins by staking them. You dont have to do anything, just hold them there and you get more coins.
Coins can also be mined.
Mining pools:
http://pool.denarius.name
http://yiimp.ccminer.org/
http://neonpool.sytes.net/
http://brutum-pool.ddns.net/
https://pool.coin-miners.info
https://hashbag.cc
http://kawaiipool.party
Here a photo from their wallet, it has great features like adding people/friends and being able to send them a encrypted message.
Exchanges to buy or trade:
Denarius [DNR] compatible exchanges
NovaExchange BTC/DNR
CoinExchange.io BTC/DNR
CoinGather BTC/DNR
CryptoDAO BTC/DNR
CryptoDAO ETH/DNR
CryptoDAO USD/DNR
YoBit Coming Soon!!!!!!
If you want to follow the latestt from Denarius (DNR) you can talk in the chat here:
https://gitter.im/denariusproject/Lobby
summarizing:
-The fastest transactions currently available! faster then Dash, Steem etc
- A max of 10 million coins (so you wanna be fast here)
- A market cap $160k todays value!
- Fast syncing
- Chatbox in the wallet
- Secure and reliable (Proof of Work and Proof of Stake)