So suddenly I see this “new” coin that, after a quick Google search and a glance through the website, seems to be a very interesting project. □Multi-Signature Adresses & Transactions□ Whats more, their website reveals some more features that inherently appeal to me: Ok, so I know the coin is both PoS and PoW, its a lowcap, it has a unique approach to its coin minting. The book is full of great advice, however I rarely let the fact that a coin does not match all the criteria of “a perfect coin” prevent me from buying into it. A reader asked me a question specifically about the circulating supply, as I referenced the book in this piece so I thought it would be in its place to clarify my thoughts on this. I do recommend buying, reading and taking all the tips you can get from this book as it will improve your trading strategy, it sure has for me - however, I don’t always follow every advice/rule in this book to the dot. A thorough FA is warranted everytime, as I’m sure JiuCrypto would like me to emphasize, especially since I used his tweet as the motivator for my further digging into this project □Īlso, if you’ve read the The Altcoin Traders Handbook you probably noticed how the author recommends buying into coins which have at least 50% of their coins in circulation, DNR currently has 35% of their total coin supply in circulation. One should not blindly place investments in any smallcap projects, of course. I’ve come to realise (and I’ve also learned from The Altcoin Traders Handbook) that this is a good strategy to follow when you are looking for investments with higher return probabilities. ![]() A quick check on reveals that we are getting close to 1/3 of the max supply that are currently in circulation.Īt the time of writing it has a market cap of ~800,000$ USD so it fits perfectly into the low- to microcap category, which is where I like to place many of my bets. The project will only allow for PoW & PoS minting of coins until the max supply of 10,000,000 coins have been reached. Denarius features many changes, such as Stealth Addresses, Encrypted Messaging, Tribus a new PoW hashing algorithm that is ASIC resistant, and a max of 10,000,000 DNR to be created during the hybrid PoW/PoS lifecycle of 3 years, which then transitions to Proof of Stake entirely after the first 3 years.” “Denarius is a new cryptocurrency based off the original Bitcoin Core by Satoshi Nakamoto. The following short description on the projects website was enough to make me want to start digging deeper into this project: What is Denarius?īut first things first, I’ll give a quick look into the Denarius coin project and give some background on why it appealed to me more or less instantly. Basically, I take part in most coin-minting methods and I like to learn as much as I can about how this stuff works. At the moment I mine coins, I stake coins and I run masternodes. A PoS fight with PoW FPGA miners of a coin? I had never heard of anything like it, and it got me curious. Secondly - the above tweet made me curious as to what the author was describing. First of all, Denarius was, to me, unknown.
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