Review on Auroracoin by Robiul Islam
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.
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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.
