What is Denarius Coin?
Denarius derives its name from the ancient Roman currency Denar. In his day, denar was the most widely used currency across cultural and national borders. That also implies Denarius. The motto of the developers is: “Denarius. Ancient money for a new world. “Denarius coin was on the online markets for crypto currencies presented on 2 July 2017 where it can be since then traded under the symbol DNR. Currently, there are 2,003,845 DNRs, the blockchain is designed to accommodate a maximum of about 10,000,000 DNRs.
Denarius Coin – A novel algorithm
Denarius wants to carry on the heritage of Bitcoin , yet it is already building on its own innovation. Although the core software of Denarius and Bitcoin are similar, Denarius also has a PoW and a PoS hybrid system, but the cryptographic algorithm of Denarius is completely new. It’s called Tribus and was not used in any other cryptocurrency before Denarius , so it’s really an innovation in cryptocurrency . Tribus is Latin and means something like “the third part”. This name was given to the novel algorithm because it contains three of the safest and most popular cryptographic algorithms: JH, Keccak, and Echo.
Technical specifications and details of Denarius Coin
Denarius uses both proof-of-work and proof-of-stake procedures to ensure the security and stability of the network and blockchain. Proof-of-Work (POW) is the classic mining technique: computers in the network compute the tasks set by the algorithm to generate new blocks within the blockchain. For each block generated, some Denarius are distributed to the wallets of users whose computers contributed to the task.
Proof-of-Stake (PoS) is a process whereby a user gets paid returns on his wallet , just for being connected to the network. The more units of DNR are in the wallet , the higher the return will be. A little comparable is PoS with the interest on a classic savings account. An advantage with Denarius: The Tribus algorithm is resistant to ASICs. These are specially programmed for mining chips that some people buy. Denarius can be scrubbed quite classically by the processor of the home computer. The Wallet for Denarius is currently available for Windows and Mac. About the Android app “Coinomi” can also be operated a Denarius wallet.
What is the current market capitalization of Denarius Coin?
The launch of the cryptocurrency denarius took place on 2 July 2017. At that time, a market value of $ 15,647 was realized with a pro-coin equivalent of $ 0.170773 (USD). After reaching a historic high of $ 1.75 after a few days on July 6, 2017, the value of the cryptocurrency plummeted. Partially exposed to very strong fluctuations over a few days, the course Denarius was in a steady downward movement. It was not until 1 December 2017 that a steady rise was again initiated, which seems to have been relatively stable so far. On December 16, a stock market value of $ 1,221,350 was realized with a coupon of $ 0.610754.
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