Auroracoin

Auroracoin

AUR
$0.117256087%-0.66

Key Metrics

Price$0.117256087
Real Volume (24H)$17.6
Marketcap$2,318,074.4
Fully Diluted ValuationN/A
ATH$96.81
ATH Date3/4/2014, 2:00:00 AM
ATL$0.00037617
ATL Date10/28/2019, 7:33:49 PM
Circulating Supply20M
Total Supply21M
WebsiteN/A
WhitepaperN/A
Popularity Rank2042
Chart
What is Auroracoin?

Auroracoin (AUR) is a digital currency that operates independently of traditional banking systems and has its own distinct value. Unlike fiat currencies, it cannot be created at the whim of central banks, and its supply is fixed to prevent inflation.

One of the key benefits of using Auroracoin is its secure payment system, which allows users to send payments to anyone, anywhere, in a safe and secure manner. Transactions can also be conducted anonymously, with randomly generated addresses that protect the user's privacy. Furthermore, transactions are recorded on a public ledger that is shared amongst users, eliminating the need for a centralized institution such as a traditional bank.

Since Auroracoin is not dependent on any central entity, it is resistant to currency printing, devaluation, and inflation. The coin operates on its own blockchain network, with the backbone of the network being the Auroracoin Core wallets. Users can download and store the entire blockchain locally, providing added security and decentralization.

Auroracoin was created in Iceland by a team of three individuals: Myckel Habets, Mikael Hannes, and Martin Jansen. Its origins as an alternative currency to the Icelandic krona, which had suffered significant devaluation during the financial crisis, have given it a unique place in the cryptocurrency landscape.

While not as widely adopted as some other digital currencies, Auroracoin has gained a loyal following of users who appreciate its security, independence, and fixed supply. It continues to evolve and adapt to changing market conditions, with its core team of developers dedicated to maintaining its integrity and value proposition. The future of Auroracoin remains uncertain, but its potential to disrupt traditional financial systems cannot be ignored.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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