Auroracoin
| Last updated | 1 week ago |
| Price per AUR in USD | $ 0.040788515756735 |
| Price per AUR in Bitcoin | 0 |
| Volume over the last 24 hours | $ 2,348 |
| Market cap in USD | $ 0 |
| Change in % over the last hour | 0.29478577 |
| Change in % over the last 24 hours | -27.42853341 |
| Change in % over the last 7 days | -2.35004117 |
| Block chain updated | 7 hours ago |
| Block height | 5679258 |
| Difficulty | 1707.4645777477 |
| Current supply | 15879922.997066 |
AUR specifications
| Name | Auroracoin |
| Symbol | AUR |
| Minable | Yes |
| Algorithm | BEP-20 Token |
| Prooftype | N/A |
| Block explorer | AUR block explorer |
Coin description
Auroracoin is a cryptocurrency designed to serve as a national currency for Iceland, aiming to promote financial inclusion and reduce reliance on traditional banking systems. It operates on a proof-of-work (PoW) consensus mechanism, utilizing the Scrypt algorithm to ensure fair mining accessibility. Auroracoin emphasizes simplicity, security, and usability.
Auroracoin National Currency Features
Auroracoin's unique "Airdrop" distribution model aimed to distribute coins to Icelandic citizens, ensuring widespread adoption and accessibility. Its focus on decentralization ensures that users retain full control over their funds. For example, merchants can accept Auroracoin payments while benefiting from low transaction fees and fast confirmations.
One of Auroracoin's strengths lies in its role as a thought experiment in national digital currencies. By promoting transparency and immutability, it challenges traditional monetary policies. Keywords like Auroracoin Iceland and Scrypt mining are closely tied to this project.