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Auroracoin Review

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Average

Revainrating 3 out of 5  
Rating 
3.0
Crypto Projects

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Description of Auroracoin

Auroracoin (AUR) is a cryptocurrency launched in 2014. Users are able to generate AUR through the process of mining. Auroracoin has a current supply of 18,078,319.753408 with 0 in circulation. The last known price of Auroracoin is 0.02716431 USD and is down -0.92 over the last 24 hours. It is currently trading on 3 active market(s) with $13.49 traded over the last 24 hours. More information can be found at https://en.auroracoin.is/.

Reviews

Global ratings 11
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Type of review

Revainrating 2 out of 5

Iceland's Coin

Today you can find so many cryptocurrencies and Aurora is one of them. Aurora is an arising currency in Iceland. Auroracoin (AUR) develops a free monetary system parallel to FIAT coin. It is not controlled by a central system, it is independent. AUR works with DigiByte infrastructure and it is well-known in cryptocurrency market. AUR has big security systems and they reduces risks to minimal. Despite having an infrastructure that so valuable AUR is not being used by any people because it is…

Pros
  • No intermediary needen
  • A reliabe security
Cons
  • It is only for Icelandic region

Revainrating 3 out of 5

About Aurora Coin (AOA)

Aurora is a decentralized application platform based on third generation Blockchain technology that aims to provide advanced Blockchain technology solutions for the entire industry. Aurora Chain (AOA) aims to create a colorful Blockchain world with fast-running contracts as well as trying to ensure the easy development of Blockchain applications. The Aurora team enables businesses in different industries to collaborate using the base currency AOA as a means to increase the speed and…

Pros
  • While Aurora increases the speed of transactions, Aurora aims to solve the challenges of the Blockchain.
  • unique consensus mechanism
  • Aurora chain's ultimate goal is interoperability and simple integration with existing applications.
Cons
  • This project still has a lot to prove. In the race to become the best smart contract platform, this project lags far behind most competitors.

Revainrating 3 out of 5

My review to day about the project Auroracoin

Auroracoin (AUR): is a venture with an incredible instrument that permits to work huge exchanges each minutes, considered the immediate utilization of the blockchain as a data channel, it has a little calculation that permits to take care of extremely complex issues in almost no time, it is utilized as an installment technique that spotlights on being a method for installment for day by day use, it is an advanced resource that has all out independence from the rat race its environment of…

Pros
  • Ensures every activity completed from its foundation, which offers security to clients to utilize its administrations.
Cons
  • As of now it is an undertaking that is on stop, it needs more help and direct venture, further develop showcasing and complete publicizing encompassing its foundation.

Revainrating 3 out of 5

A project that allows you to trade big deals in a minute.

The Auroracoin project is a unique component that allows for huge exchanges every minute. Especially considering that Blockchain is being used as an information channel right away, it can be said that there is a small calculation that allows you to focus on very few issues. In this project, time is used as a partial method, surrounded by being part of daily use. This ensures the use of equipment that does not decentralize the workflow, that is, decentralized work, that is, the expansion of…

Pros
  • In this project, time is used as a partial method, surrounded by being part of daily use.
  • This project is a medium-sized enterprise.
Cons
  • This is a project currently underway.

Revainrating 3 out of 5

Auroracoin: a coin from Iceland.

Auroracoin is a blockchain based cryptocurrency, it uses a P2P network. Auroracoin uses proof-of-work and also proof-of-stake for operations, it is a minable coin. It uses a mechanism for cross border transfers in local economy. Auroracoin can be exchanged YoBit, FreiExchange and ISX for other cryptocurrencies, it is independent of banking system and other centralized authorities and also has it's own independent value. Auroracoin can be sent anywhere as payment in a secure way. Transactions…

Pros
  • There is no central authority.
  • Payments are very fast and can be sent anywhere around the globe.
  • It is minable.
Cons
  • It is not completely anonymous.
  • It is still a new coin.

Revainrating 3 out of 5

Auroracoin Faetures

Auroracoin (AUR) is a peer-to-peer cryptocurrency launched in February 2014 as an Icelandic alternative to bitcoin. Usually Iceland is seen as the optimal cryptocurrency region because of the fact that people are more used to electronic finance and the reduced use of physical cash. With the use of Auroracoin transactions can be made and payments carried out worldwide and without restrictions. Transactions are safe and private or anonymous as well. Transactions are also sent to a public ledg

Pros
  • Utilizes public ledger for transactions
  • Safe, fast and secure global transactions
  • The project negates and eliminates the use of traditional banks
  • It operates on the Digibyte infrastructure
Cons
  • AUR is only focused on the total adoption of the cryptocurrency by Iceland

Revainrating 3 out of 5

Auroracoin: a great mechanism that allows trading large transactions by the minute.

Auroracoin (AUR): is a project with a great mechanism that allows to operate large transactions per minutes, considered the direct use of the blockchain as an information channel, it has a small algorithm that allows to solve very complex problems in a few minutes, it is used as a payment method that focuses on being a means of payment for daily use, it is a digital asset that has total financial freedom its ecosystem of operation allows to obtain the currency in a very easy and common way, its

Pros
  • Guarantees each operation carried out from its platform, which gives security to users to use its services.
  • It allows a direct connection with users, does not require intermediaries, full use of the currency according to the user's disposition.
  • It works on the basis of a large network, its block creation is executed quickly.
Cons
  • Currently it is a project that is on pause, it requires more support and direct investment, improve marketing and total advertising surrounding its platform.

Revainrating 3 out of 5

Auroracoin: boosting crypto in Iceland

In the search for the global adoption of digital money as a universal currency; many crypto projects have emerged. Aurora is one of them. Auroracoin is a digital asset that arises with the purpose of evading government censorship that fell on the official currency of the Icelandic region. What is the purpose of the creation of this cryptocurrency? Aurora's mission, known by the acronym AUR, is to develop a freer monetary system, parallel to local FIAT money. What can we highlight from…

Pros
  • Promotes the use of digital money
  • Works without intermediaries
  • It is a direct communication network; not subject to a central server
Cons
  • It is for exclusive use in Iceland

Revainrating 3 out of 5

A combination of five different hashing algorithms.

It uses the POW consensus mechanism, which allows the proposed transaction to be saved on the blockchain using device hashing power to solve a complex mathematical problem. The difficulty of troubleshooting ensures that fake transactions are very difficult to approve, unless the attacker owns an illegally large portion of the network's total hashing power.

Pros
  • It has shortened the bar of the block, and does not have half of the block rewards for continued incentives for mining workers.
  • A faster and more efficient difficulty in restarting the algorithm ensures that the network is justified.
  • Iceland has a lot of appeal for it. A growing number of merchants are beginning to accept this as a legitimate form of payment.
Cons
  • It is expected to not go lower than the recent low, and might see a rise as it plans to launch a more aggressive marketing campaign.

Revainrating 3 out of 5

It has deployed many improvements.

It is a decentralized, P2P and secured cryptocurrency released as an alternative to Icelandic to ignore government restrictions related to the national currency. It was launched with the goal of being the official cryptocurrency in Iceland. It was a pioneer in country-specific cryptocurrency.

Pros
  • It focuses on security and stability.
  • Emphasis on real-world integration.
  • It is one of the few currencies that uses different hashing algorithms differently.
Cons
  • This presents a weak case for itself when it comes to investment, especially if one is not based in Iceland.
  • It has seen little to no activity for a while, with poor marketing, and frequent dev team changes.

Revainrating 5 out of 5

I've been here supporting AUR from day one mate, so I know I'm not here…

I've been here supporting AUR from day one mate, so I know I'm not here supporting for personal profit. I'm here to support the tremendous possibilities this coin (and the country it provides) can offer to the entire Crypto landscape. We need to get the algo fixed fast, already working on that with the new DEV team.

Pros
  • With a 2 million marketcap, and the commitment of the devs,.......I mean hell they built an exchange from scratch, I don't see much downside. Now if a whale came along and bought up every Aurora coin pushing the price up to 5 bucks per, then you would need to stay a little more ontop of things. But where it stands right now the worst you would do is break even.
Cons
  • I follow some coins that I like and Invested a lot to them. btc ltc stellar dash doge 42 verge and more) I do follow auroracoin from the beginning and it's sad to see that the coin is going to the bottom. For me this is because is no team behind this coin right now. No developers too. If they do exist they are sleeping or the don't know about cryptocurrency) .. Iceland needs a new crypto-coin with a strong team behind, thank you