What is Denarius (DNR)?
Denarius (DNR) was launched on June 14th 2017 with a completely new algorithm that has been named Tribus – based on a combination of hashing algorithms (if you are a beginner, ignore this, but they are; JH, Keccak and Echo). Denarius is a hybrid PoW and PoS, which allow miners access to mining the coin for the first 3 years after its launch. After which it will transition into a PoS coin. The creator of the coin focuses on speed of transaction – in fact users report being able to confirm transactions in as little as 10 seconds.
“wow! DNR confirmations are super fast.
i had 3 confirms in less than 10 secs.”
With the limited 3 year PoW period, the coin will be minable up until the 14th June 2020, which allows you plenty of time to still get started mining this new altcoin. Depending on rate of adoption and how many miners come on board for the 3 year PoW period, it is plausible that there may be fewer than 10 million coins in circulation by the end of that period. This undoubtedly will increase the long-term value of the coin if so.
At the time of writing (8th July 2017) the coin is trading at a value of $ $0.97 having increased from $0.17 since being listed on coinmarketcap in just one week.
To read full article visit:
http://cryptovore.com/2017/07/02/what-is-denarius-and-gpu-mining-hashrate/
