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 hybrid PoW/PoS lifecycle of 3 years, which then transitions to Proof of Stake entirely after the first 3 years.
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.
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.
Denarius is a secure and stable Cryptocurrency based off the original Bitcoin Core by Satoshi Nakamoto. Allowing ease of integration with existing open source technologies.
Denarius is a blazing fast cryptocurrency built for the modern world, with 30 second block times and 10 confirmations. Transactions only take ~ 5 minutes to fully confirm in the network.
Denarius utilizes the Proof of Work and Proof of Stake consensus methods to secure and process the network. Tribus is the hashing algorithm used for PoW that is ASIC resistant.
Easily send DNR via stealth addresses for private and secure transactions.
You can send and receive encrypted messages via the Denarius network to and from public or stealth addresses.
Multi-Signature Addresses & Transactions
Denarius now supports Multisig! Multisignature addresses require another user or users to sign a transaction before it can be broadcast onto the blockchain. Multisignature in Denarius allows the creation of “2-of-3” escrow services.
Denarius now features Hybrid Masternodes that cost 5,000 DNR and provide Masternode operators 33% of the current block reward from both Proof-Of-Work and Proof-Of-Stake.
View Hybrid Masternode Statistics!
Cross-Chain Atomic Swaps
Denarius also features atomic swaps on its blockchain! You can now use the BarterDEX (Decentralized Exchange) to buy or sell DNR atomically via an atomic swap without any 3rd parties!
"An atomic swap is a direct trade between two different coins running on two separate blockchains; there are no centralized-exchange websites or other third-parties required for this trade. The technology enables common users to bypass the labyrinth of website-exchanges currently necessary to purchase cryptocurrencies. Once implemented, the atomic swap will allow common users to trade and purchase any desired coin directly within their own wallets." -- Komodo BarterDEX
The first step in performing an atomic swap is you and the other party needs to agree on an exchange rate and also have available UTXOs. For example, you can go from BTC -> LTC, LTC -> DNR, DNR-> BTC and any other combination of currencies. Atomic swaps can be performed with a wide range of cryptocurrencies with Denarius, which will day open up the doors for more fully decentralized exchanges and less reliance on 3rd parties.
Start doing Atomic Swaps!
- Official Community Forum
- Bitcoin Talk Announcement Thread
- CCMiner DNR Block Explorer
- CryptoID DNR Block Explorer
- Denarius.name DNR Block Explorer
- DNRAddress.org – Denarius Paper Wallet Generator
- LeakyFaucet DNR Faucet
- Denarius.win Faucet
- NodeJS DNR Address Validator Module
- DNR Easy PHP Library
- Denarius NodeJS/MongoDB Web Wallet
- Denarius Price Ticker Chrome Extension
Have Questions? Comments?
Let’s Get Connected.
Chat @Denarii In The Gitter Or Slack To Send And Receive DNR Or Find Information About Denarius