Volume (24h)
$2.44K
0.18 %
Max. supply
17,973,098 AUR
Aurora Coin (AUR)
$ 0.34
0.18 %
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Key data
updated $0Market cap$0
Volume 24h$2.44K
All-time high$97.84-100% from peak · 2014-03-04
Aurora Coin (AUR) is a mineable cryptocurrency that runs on a hybrid PoW/PoS consensus mechanism. It was created as Iceland's national cryptocurrency, designed to be distributed to the Icelandic population and used as an everyday digital currency. Like Bitcoin, it has a fixed maximum supply, which is capped at 17,973,098 coins.
Frequently asked questions
What is Aurora Coin and how is it different from Bitcoin?
Aurora Coin (AUR) is a cryptocurrency launched specifically for Iceland, intended to serve as a national digital currency. Unlike Bitcoin, which uses only Proof-of-Work, Aurora Coin combines PoW and PoS, making it both mineable and stakeable. It also has a much smaller hard cap of 17,973,098 coins compared to Bitcoin's 21 million.
How does Aurora Coin's consensus mechanism work?
Aurora Coin uses a hybrid PoW/PoS system. Miners solve cryptographic puzzles to produce new blocks (PoW), while coin holders can also earn rewards by staking their holdings (PoS). This combination aims to make the network more secure and energy-efficient than a pure PoW chain.
How is Aurora Coin's supply issued?
Aurora Coin has a hard cap of 17,973,098 coins, meaning no more will ever be created beyond that limit. New coins enter circulation through mining and staking rewards, which gradually decrease as the supply approaches the cap. This fixed-supply model is designed to protect the coin from inflation.
How can you store and use Aurora Coin?
AUR can be stored in a wallet that supports the coin, and since it's mineable, users can also earn it by mining or staking. The official website, http://auroraspjall.is/, is the primary source for wallet downloads and technical documentation. As with any cryptocurrency, keeping your private keys secure is essential.