What is Denarius?
Denarius is a cryptocurrency launched in 2017 based off the original Bitcoin Core by Satoshi Nakamoto. Denarius features many changes, such as Fortuna Stakes (Masternodes), Stealth Addresses, Encrypted Messaging, Jupiter IPFS Integration, MultiSig, Staking, Tribus a new PoW hashing algorithm that is ASIC resistant, and a max of 10,000,000 D to be created during hybrid Proof-of-Work and Proof-of-Stake consensus.
We 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.
Upload files straight to IPFS via a Denarius node, Denarius can also interface with remote IPFS nodes.
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.
Hybrid Fortuna Stakes (FS/MN)
Denarius now features Hybrid Fortuna Stakes that cost 5,000 D and provide FortunaStake operators 33% of the current block reward from both Proof-Of-Work and Proof-Of-Stake. It also features a new concept we dubbed the "Fair Payment System" for FortunaStake node payments.
View Hybrid FortunaStake Statistics!
Cross-Chain Atomic Swaps
Denarius also features atomic swaps on its blockchain! You can now use the HyperDEX (Decentralized Exchange) to buy or sell D 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 AtomicLabs BarterDEX/HyperDEX
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 -> D, D -> 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. Currently Denarius utilizes SPV technology with ElectrumX Indexing servers to relay transaction information and utilizes UTXO/MultiSig/CLTV technology to ensure the swaps happen.
Start doing Atomic Swaps!
- Some Mining Pools may or may not work, join our Discord
- Official Community Forum
- Bitcoin Talk Announcement Thread
- CoinExplorer.net D Explorer
- CryptoID D Block Explorer
- DAddress.org – Denarius Paper Wallet Generator
- Denarius.win Faucet
- NodeJS D Address Validator Module
- D Easy PHP Library
- Denarius NodeJS/MongoDB Web Wallet
- Denarius Price Ticker Chrome Extension
Have Questions? Comments?
Let’s Get Connected.
Chat @Denarii or @PandaBot In The Discord Server To Send And Receive $D Or Find Information About Denarius!