Denarius ancient coin for a modern world- You want to mine, trade and HODL DNR

Gone are the days of delayed transaction confirmation, the whole segwit, BIP91, BIP148 and segwit2x drama all borders on scalability and transaction delays. Bitcoin known for its resilience and blockchain breakthrough technology, the base currency for the larger share of the cryptocurrency market has remained strong except for its reward system that prioritize larger transaction volume over the smaller ones, in the mempool to be added to the chain resulting in delayed transaction confirmation and higher transaction fees. Bitcoin mining progressively increase difficulty level in order to maintain it decentralization as more and more miners get on the network, this has given rise to cutting edge mining equipment with history from CPU's to GPU's to ASICs and the higher the hashing speed of the mining machines on the network the higher the difficulty level and the higher the need for justification on the ROI, hence smaller transaction fee order wait on the mempool to be added to chain incentivizing transaction with her Tx fee.

Ethereum on the other hand is referred to by some Dev. community as not having much coding immutability compared to Bitcoin, "While there was early praise for the technical innovations of Ethereum, questions were also raised about its security and scalability."[10] First rule of any laudable project is the answer to the question; "does it solve a problem?", first rule of business "meet the need" in my opinion Denarius is the answer.

"Hybrid PoW/PoS Phase

In order to discourage ASIC creation which would adversely affect miners of the coin, Denarius seeks to implement a short proof of work phase in hybrid with proof of stake (PoS) where the PoS miners will use low difficulty hashes to create blocks & process a block full of transactions, claiming the transaction fees alone whilst the PoW miners will compete for higher difficulty hashes to create blocks which include a generation payment as well as any transaction fees attached to transactions in the mempool when the hash is solved. Even if the difficulty of the PoW blocks increases significantly, blocks that are full of transactions can still be processed by PoS miners at a low difficulty to ensure that even at times of very high PoW difficulty, block times can remain at or below 30 seconds. The PoW phase of Denarius is set to run for around 3 years. During this phase, 3 million blocks will be generated between PoW and PoS with up to 30% of the blocks being generated by the PoS portion. The PoS block reward will only contain transaction fees during the PoW period and transition to 6% APR for each staked coin in the full-PoS phase. Given a 30 second average block time, each PoW phase will last 30 million seconds or 49.5 weeks. For simplification, the block reward structures are divided into one year segments with the exception of the block after the genesis block, which contains 1,000,000 DNR

The premine block rewards are 50% dedicated for bounty and marketing costs in the costs across the lifespan of the project first 6-12 months of the project with the remaining 50% (500,000 DNR) used for development"

Denarius launched 14 June 2017 is fresh in the mix of the mined coins, the Denarius wallet gives holders ROI of 6% APR for every DNR coin you stake in your wallet, your coin starts staking after 8hr maturity and you get a reward of 0.00001DNR after 8hrs of wallet being online.

Denarius has an ailing community on slack, gitter and denariustalk.org from there you find Devs., traders and enthusiast, it's a great place to be, come joins us.

Download the whitescroll (whitepaper) on https://denarius.io/

more updates on DNR coming soon.......

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