Cryptocurrency Aurora Chain (AOA)
The price for Aurora Chain (AOA) cryptocurrency is currently 0.00026 $ (15 min delay),
daily range of currency change is 0.00026 - 0.00028 .
Last 24 hours news: trading volume - 8.54K $, price variance +0.37% .
The highest trading volume belongs to the pair AOA/USDT at the KuCoin exchange
Project Website - https://www.aurorachain.io/
Explorer of transactions - https://etherscan.io/token/0x9ab165d795019b6d8b3e971dda91071421305e5a
Twitter Account - https://twitter.com/AurorachainEN
Chart Aurora Chain (AOA)
|Current price Aurora Chain (aoa)||0.00026 $|
|Market Capitalization||1.14M $|
|Trading Volume last 24h||8.50K $|
|Minimum exchange rate (24h)||0.00026 $|
|Maximum exchange rate (24h)||0.00028 $|
|Market cap rank||№ 1871|
|Absolute maximum||0.061 $|
|Absolute minimum||0.00014 $|
Aurora Chain Quotes
|0.45%||6.40K $||2022-10-02 13:05:08|
|20%||2.19K $||2022-10-02 12:53:44|
|8.61%||225.32 $||2022-10-02 12:21:01|
|6.81%||16.17 $||2022-10-02 01:09:10|
|89.08%||5.57 $||2022-10-02 04:47:36|
What is Aurora Chain (AOA)
Auroracoin is a decentralised, peer-to-peer, and secure cryptocurrency released as an alternative to the Icelandic KrÃ³na to bypass governmental restrictions associated with the national fiat currency. It was launched with the aim of becoming the âofficialâ cryptocurrency of Iceland. AUR was a pioneer in the area of country-specific cryptocurrencies. AUR was launched on the 25th of January, 2014, by an anonymous developer who went by the pseudonym of Baldur Friggjar ÃÃ°insson. It was originally based on Litecoin, using the Scrypt algorithm with a Proof of Work mechanism, but was later updated to use a multi-algorithm architecture in 2016, forked from DigiByte.
Auroracoin uses the PoW consensus mechanism, which utilises device hashing power to solve a complex mathematical problem in order to authenticate a transaction proposed to be stored in the blockchain. The difficulty of solving the problem ensures that authenticating forged transactions is very difficult unless the attacker owns an impractically large chunk of the networkâs total hashing power. AUR is one of the only cryptocurrencies to use a combination of five different hashing algorithms, namely GrÃ¸stl, Qubit, scrypt, SHA-256, and Skein.
While initially very popular, Auroracoin has seen little to no activity for a while, with poor marketing, and frequent dev team changes. Reasons for little growth have been various, from slow adoption in Iceland, to developers leaving and joining the project midway. However, it is expected to not go lower than the recent low, and might see a rise as AUR plans to launch a more aggressive marketing campaign in Iceland to promote the coin among the masses. Unlike most other altcoins, Auroracoin has made extensive changes to the original codebase. It has introduced security measures such as Automatic checkpointing, and protecting against known flaws present in the BTC blockchain, such as 51% block replacement attacks.