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@carsenjk profile picture.

Denarius: Intro

Q&A’s with Carsen Klock, lead developer of Denarius

Panama Crypto
Dec 18, 2017 · 5 min read

1. Tell us about your crypto developer background.

My name is Carsen Klock. I have been in crypto since very early on, around 2013 and 2014 I created a plethora of altcoins during the altcoin rush. Most of my cryptos were experiments and tests to learn more about blockchains and how the ecosystem/community worked around these cryptos. After a lot of backlash, I got hired at GAW Miners as their Lead Front-End Developer. Shortly after the collapse of GAW and loss of my position, I got hired at Apple where I worked for the past few years, finally realizing that not even at Apple was where I belong, I wanted to get back into crypto full-time, so thats where my project Denarius comes in at.

2. Why DNR?

A Denarius has always been something of interest to me, the story behind them, their age and rarity. Making a crypto with another name of “Somethingcoin” was not in my vocabulary. I wanted something unique and valuable sounding, Denarius it is.

3. DNR specs and how this translates to English for non-crypto speakers?

DNR features 147 tps, 30 second blocks, 10 Million Max Coins, MultiSig Transactions and Addresses, Stealth Addresses, Encrypted Messaging, and a new unique PoW algorithm I created called “Tribus”.

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Denarius Specifications

4. Why DNR is unique, and why it will thrive?

DNR is unique in the aspect of it being a Hybrid crypto, which is not common. It also features the exclusive Tribus Proof-Of-Work Algorithm and Multisig Support natively in the wallet. The max amount of DNR that will ever be available is much less and more rare than many many other coins. The Denarius QT wallet is also fairly unique in the sea of altcoins as we have market information native in the wallet, a block explorer, statistics, and more!

5. How different is DNR from your closest competitor?

DNR is usually much faster and more rare than its competitors and it can generally handle a much higher transaction per second rate. For example, Litecoin can only handle 26 tps or Ethereum at 15 tps vs. Denarius’s 147 tps. (tps: transactions per second).

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TPS Comparison

6. What lays ahead in the short/long term for DNR?

Development updates. More external services/markets/exchanges/etc.

7. What is/will be DNR marketing plan? Funding?

Denarius does not really have any set plans or funding as it is a decentralized cryptocurrency, there is no company or person backing Denarius, it is simply powered by the people and our community. We do generally do paid advertising for Denarius on Facebook, Instagram, and Twitter.

8. Plans for other exchanges?

Well, there is always plans for other exchanges, as far as those centralized exchanges getting in contact or being outstanding at customer service, most are lacking in this regard, Crypto developers are commonly ignored/mistreated/etc. by centralized exchanges (Bittrex, Poloniex, Binance, HitBTC, Bit-Z etc.). These exchanges over the years have only gotten more greedy and generally require a very hefty fee to be listed (Some are upwards of $200,000 USD or 9 BTC), which takes them maybe a few minutes of work, and is not something I support at all. We do hope to do some development updates in the future to Denarius to further support gettxout RPC commands and BIP 65 (Bitcoin Improvement Proposal 65) to allow Alice/Bob support of Atomic Swaps with the new BarterDEX by KMD. DEXs are the future of exchanges and we hope to see Denarius on more of them!

9. What will the roadmap look like after 2018?

We do not have a roadmap as we are not an ICO, corporation, company, etc. I am working on Denarius in my free-time, by myself generally, so development comes as it will… Masternodes have been talked about within the community and much of the community has shown support for these. I have started to develop the masternode code in the Denarius branch called “masternodes”, currently if we are able to get them integrated on chain, the cost of a masternode will be 5,000 DNR and a 33% block reward. The more developers/help/testers I get on board with Denarius, the faster new features and ideas can come to life.

Feel free to check Denarius community engagement at their Discord chat:

I learned gem picking from the “guru-gem-picker” @cryptomocho himself (if you are not following, you must!). The most important things to look after:

A. Developers: progress, commitment, accessibility, responsiveness, transparency.

B. Community: engagement, faith on the project.

C. Coin: rarity, coin supply, algorithm, block rewards, features to be developed…

D. Detractors: usually if it smells like shit, it is shit.

Carsen is one of the few developers I have been following closely in the past year, he is a no-bullshit, transparent kind of guy, really REALLY accessible, which is a rarity itself for a crypto developer nowadays.

Aside from the fact that Carsen is a diamond-solid asset for Denarius, point B, C, D above make Denarius a must buy gem for me.

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Please DYOR before investing, do not trust anyone to do Fundamental Analysis for you, you are the sole responsible of where you chip in.

If you enjoy the read, follow me on Twitter, its good for Karma.

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