About Aurora
Auroracoin is a decentralised, peer-to-peer, and secure cryptocurrency released as an alternative to the Icelandic Króna to bypass governmental restrictions associated with the national fiat currency. It was launched with the aim of becoming the ‘official’ 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 Óðinsson. 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 network’s total hashing power. AUR is one of the only cryptocurrencies to use a combination of five different hashing algorithms, namely Grøstl, 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.
Trading Insights
Searched
4
Market Stats
Market Cap
£458.13K
FDV
£459.27K
Circ. Supply
10B AOA
Max Supply
Not enough data
Total Supply
10B AOA
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
Not enough data
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
£0.0456
Price Change (1Y)
-50.25%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The current price is £0.000046 per AOA with a 24-hour trading volume of £0.00. Currently, Aurora is valued at 99.90% below its all time high of £0.0456. This all-time high was the highest price paid for Aurora since its launch.
The current circulating supply of Aurora is 9,975,060,788.282 AOA which means that Aurora has as total market cap of £458,128.76.
Market details
AOA vs markets
↘ 69.46%
AOA vs BTC
↘ 73.23%
AOA vs ETH
↘ 49.86%
Tags
platform
defi
smart-contracts
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x9ab165D795019b6d8B3e971DdA91071421305e5a |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.000046 | 0.00% |
1 Day | £0.000046 | 0.00% |
1 Week | £0.000045 | ↗ 0.07% |
1 Month | £0.000046 | ↗ 0.16% |
1 Year | £0.000095 | ↘ 50.25% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Aurora is a decentralized application space based on third-generation blockchain technology that works on the DeFi system. This platform seeks to provide solutions related to blockchain technology for the entire industry. The key mission of this asset is to develop lightning-fast contracts and make the process of application creation easier on the blockchain.
According to the whitepaper, Aurora blockchain uses the distributed-node-consensus algorithm to upgrade or create data, the blockchain data structure to check and save data, cryptography to secure the data transmission procedure and data access, and smart contracts to write codes and process data.
The Aurora chain offers a reliable internet connection and builds peer-to-peer connections on the network to make the value exchange process confidential and transparent. This mechanism helps protect individual rights, making the value transmission more efficient and economical. The central goals of this chain are incorporating blockchain into other industries, making the appropriate smart contracts, boosting the speed of transactions, and solving blockchain difficulties by adding upgrades.
To achieve its mission, Aurora Chain has developed multiple techniques:
Aurora Chain has also launched its token, i.e., AOA, to ensure the proper functionality of the platform. The AOA token can be used for daily operations, rewards for users and core team members, and ecosystem creation.
The Aurora Chain was founded in May 2018. In December 2019, the platform implemented an upgradable blockchain and developed AuroraDev and AuroraID.
We update our Aurora to GBP currency in real-time. Get the live price of Aurora on Coinbase.
The current market cap of Aurora is £458.13K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Aurora is £0.0456. This all-time high is highest price paid for Aurora since it was launched.
Over the last 24 hours, the trading volume of Aurora is £0.00.
Assets that have a similar market cap to Aurora include PointPay, ForTube, Wen Lambo Financial, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Aurora is 10 billion.
Aurora news
Aurora calculator
1 Aurora (AOA) to Canadian Dollar (CAD)
CA$0.000085
1 Aurora (AOA) to Real (BRL)
R$0.000341
1 Aurora (AOA) to Euro (EUR)
€0.000053
1 Aurora (AOA) to Nigerian Naira (NGN)
NGN 0.0940
1 Aurora (AOA) to Singapore Dollar (SGD)
S$0.000079
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.