Auroracoin is a peer-to-peer cryptocurrency, an Icelandic alternative to bitcoin and the Icelandic krona. It was conceived as Iceland’s national cryptocurrency and distributed among the country’s citizens for use as an alternative payment method that should help circumvent the currency exchange restrictions imposed on Iceland after the 2008 financial crisis. There are no many wallets which support AUR coin, fortunately, users can print a paper wallet for Auroracoin, use Coinomi wallet and official Auroracoin wallet. People can buy Auroracoin on the following exchanges: Bittrex, Cryptopia, Yobit and Novaexchange. Auroracoin is a payment broker that uses the Internet to move the Auroracoin unit, which is a coin. Auroracoin does not need a Bank or other intermediary to move funds between the parties. The payment mediation system is distributed, decentralized, which means that many parties are involved in the payment process. The system of payment uses everyone who supports the system, using an electronic calculator to carry out the movement of funds between the parties. Thus, there is no one member of Auroracoin, on which users must rely on to trade, you just need to believe that someone maintains a network in working condition. With Auroracoin, you can send secure payments anywhere you want. Transactions can be anonymous, the user’s privacy is protected by the addresses generated randomly.
Original author – Baldur Friggjar Odinsson
Programming language of implementation – C++
Initial release – February 2014
Development status – Active
Website – en.auroracoin.is