Denarius – A true cryptocurrency in a sea of ICOs
In a sea of altcoins, Denarius is by far one of the more interesting, innovative blockchain projects released yet. With a community driven decision making process, and an extremely hardworking, dedicated lead developer, Carsen Klock. Denarius looks exceptionally promising. Today’s prolonged block times, high transaction fees, lack of scaling and centralized mining are proving to be detrimental towards blockchains; Denarius offers solutions for all these ongoing cryptocurrency challenges. Small 30 second adjustable block times, low transaction fees; also staking with any amount of coins, making the chain scaleable, as well modular. Staking is also a great incentive to run a full node wallet. Denarius also offers Proof of Work mining through GPU’s and CPU’s, there is no ASIC mining currently for the Tribus algorithm which Denarius utilizes. Between Proof of Work and Proof of Stake, these two help feed the Hybrid Masternodes which help to further the chain. Denarius features a 10 million supply, and with Staking and Masternodes, both good reasons for the majority of the supply to be locked away. The block rewards are split between the different Proof of Work/Proof of Stake phases, in the hybrid masternode system, with the Masternodes themselves receiving 33% of the reward.
Denarius is a cryptocurrency based store of value, and is proving to withstand the test of time. As markets have moved drastically since it’s inception in July 2017, Denarius has done well retaining it’s value, as well growing it. Through technological advances and time itself, Denarius proves it’s strength as a store of value. As a store of value, it’s important to see how Denarius differs from traditional stores of value. Denarius aims to address the issues of it’s ancient predecessor the Denarius, as well other traditional forms such as gold. The main issue with these older stores of value, is the centralized issuance power that banks and financial institutions hold. With these traditional, more centralized storage’s of value, comes the issue of the value being tied directly to the centralized instituions holding’s. Denarius’s value is driven purely by a decentralized community, thus protecting it from a centralized agenda.
In ancient Rome, the predecessor of the now ancient Denarius, was first struck in 267 B.C.; it was a Greek-styled silver coin called the Didrachm. The Didrachm was struck in Neapolis, and other Greek cities in southern Italy. Trading with the Greeks caused Rome to overhaul its coinage around 211 BC, and introduced the Denarius a more valuble and efficient monetary system. Which brings us to today’s world of cryptocurrency, even with modern tech, there are many improvements to be made. Denarius seeks to challenge the crypto world as it stands today. Unconventional mindset, a love for technology, and no road map has brought us hybrid masternodes, atomic swaps, scalability, speed, and unofficial trezor and ledger implementations. Being a community driven currency, it remains to be seen what the Denarius team will do next.
Written by Denarius (D) community members, Admiral and Shikahgo
Official Website: https://denarius.io
Official Community Forums: https://denariustalk.org
Join the Denarius Discord: https://discord.gg/UPpQy3n
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Carsen Klock, Khareem Sudlow