Denarius

Denarius

D
$0.050199%-0.14

Key Metrics

Price$0.050199
Real Volume (24H)$0.56
Marketcap$381,640
Fully Diluted ValuationN/A
ATH$4.58
ATH Date1/7/2018, 3:00:00 AM
ATL$0.000027
ATL Date8/2/2017, 3:00:00 AM
Circulating Supply7.6M
Total Supply10M
WebsiteN/A
WhitepaperN/A
Popularity Rank2337
Chart
What is Denarius?

Denarius is a cryptocurrency that builds upon the original Bitcoin but includes various changes and upgrades such as Stealth Addresses, Native TOR, Cross-Chain Atomic Swaps, Proof of Data, Hybrid MasterNode System (Fortuna Stakes), Encrypted Messaging, Multi-Signature Addresses & Transactions, and Tribus (a new PoW hashing algorithm). The cryptocurrency is designed to be a fast and secure way to send and receive payments while offering unique features that set it apart from other cryptocurrencies.

One of the most notable features of Denarius is its Hybrid MasterNode system named Fortuna Stakes. This system ensures a fair distribution reward system that guarantees all Fortuna Stakes receive the same income over time. Fortuna Stakes reportedly receive 33% of each POW and POS block that is mined. To participate in the Fortuna Stakes system, a minimum collateral of 5000 D is required.

Denarius also features a new PoW hashing algorithm called Tribus. Tribus, which means "three" in Latin, is designed to be a more secure and efficient algorithm for mining Denarius. It consists of three of the most popular and secure cryptography algorithms: JH, Keccak, and Echo. This combination of algorithms ensures that the Denarius network is highly secure and resistant to hacking attempts.

The maximum supply of Denarius is set at 10,000,000 D, which will be created during the hybrid PoW/PoS lifecycle of 3 years. After the initial 3 years, the cryptocurrency will transition to Proof of Stake entirely, with a 6% APR. This transition ensures that the network is more energy-efficient and sustainable in the long run.

One of the unique features of Denarius is its Encrypted Messaging system. This feature allows users to send encrypted messages to each other using the Denarius network. The messages are encrypted with a user's private key, ensuring that only the intended recipient can read the message. This feature adds an extra layer of security to the network and ensures that communication is secure and private.

Another important feature of Denarius is its Cross-Chain Atomic Swaps. This feature allows users to exchange Denarius for other cryptocurrencies without the need for a centralized exchange. Cross-Chain Atomic Swaps use smart contracts to ensure that the exchange is secure and trustless. This feature offers users a more decentralized way to exchange cryptocurrencies and ensures that their transactions are secure and private.

Denarius also supports Multi-Signature Addresses & Transactions. This feature allows multiple parties to sign a transaction before it is executed on the network. This ensures that transactions are secure and cannot be tampered with by a single party. Multi-Signature Addresses & Transactions are particularly useful for businesses or organizations that require multiple parties to approve transactions before they are executed.

In conclusion, Denarius is a fast and secure cryptocurrency that offers unique features such as Fortuna Stakes, Encrypted Messaging, Cross-Chain Atomic Swaps, Multi-Signature Addresses & Transactions, and Tribus. These features make Denarius an excellent option for those looking for a more secure and efficient way to send and receive payments while also offering additional functionalities. With a maximum supply of 10,000,000 D and a transition to Proof of Stake after 3 years, Denarius is a sustainable and energy-efficient cryptocurrency that is well-positioned for future growth.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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