Question 1

What is the current price of Aurora Chain (AOA)?

Accepted Answer

The price of Aurora Chain (AOA) currently stands at £ 0.00117910. In the past 24 hours, its price has increased by +0.00%.

Question 2

Can you tell me about Aurora Chain?

Accepted Answer

Aurora Chain is a decentralized, peer-to-peer, secure cryptocurrency. It was created as an alternative to the Icelandic Króna, aiming to bypass the governmental restrictions that come with the usage of the national fiat currency. In doing so, Aurora Chain aimed to be the de facto cryptocurrency used within Iceland. Its origins stretch back to 2014 where an anonymous developer using the pseudonym of Baldur Friggjar Óðinsson launched it. Interestingly, it is one of the pioneers in the area of country-specific cryptocurrencies.

Question 3

Who is the creator of Aurora Chain?

Accepted Answer

An anonymous developer known as Baldur Friggjar Óðinsson is the mind behind Aurora Chain. Its development and launch took place on January 25, 2014.

Question 4

How does Aurora Chain work?

Accepted Answer

Aurora Chain utilizes a Proof of Work (PoW) consensus mechanism which adds and verifies transactions on the blockchain. The PoW mechanism involves devices hashing power cracking a complex mathematical problem to authenticate a transaction proposed to be stored in the blockchain. The complexity of these problems creates a safeguard that makes authenticating forged transactions terribly difficult unless an attacker commands an overwhelming majority of the network’s hashing power. Interestingly, Aurora Chain is one of the only cryptocurrencies which harnesses a combination of five different hashing algorithms, namely Grøstl, Qubit, Scrypt, SHA-256, and Skein. This multi-algorithm architecture, made possible through a 2016 fork from DigiByte, has allowed Aurora Chain to introduce advanced security measures such as Automatic checkpointing.

Question 5

What are the unique features of Aurora Chain?

Accepted Answer

Unlike most altcoins, Aurora Chain has seen extensive adaptations made to its original codebase. It has incorporated advanced security measures like Automatic checkpointing. The team also claims to have robust protections against known flaws found in the Bitcoin blockchain, which famously include 51% block replacement attacks. This innovative and security-centric approach makes Aurora Chain unique compared to other cryptocurrencies.

Question 6

What is the current market cap and rank of Aurora Chain?

Accepted Answer

As for the market data, Aurora Chain has a market cap of around £ 5.1M and occupies the #3379 spot in the global cryptocurrency rankings.

Question 7

Can you tell me more about the transaction volume of Aurora Chain?

Accepted Answer

Yes, the 24-hour trading volume of Aurora Chain is approximately 0.6M.

Question 8

What is the supply data for Aurora Chain?

Accepted Answer

The circulating supply of Aurora Chain stands at around 4.3B. Meanwhile, the total confirmed supply of Aurora Chain is approximately 10.0B.

Question 9

Where can I buy Aurora Chain?

Accepted Answer

You can purchase Aurora Chain on the following exchanges: Indodax, Coinone. Make sure to do your own due diligence before dealing with any exchange.

Convert AOA to GBP

Try our Crypto Pro app