News
A sharp-eyed escrow agent and a screenshot saved Aurora Labs’ head of product Matt Henderson from losing his tokens to scammers.
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Auroracoin News
Auroracoin is an Icelandic peer-to-peer cryptocurrency, designed to avoid government restrictions on krona that strongly limit its movement outside Iceland. AUR is explained as the first country-based cryptocurrency and was intended to be distributed to all citizens of Iceland. Auroracoin was initially based on Litecoin’s core but changed its codebase in 2016. It is not dependent on the national currency or national banking system and has no regulations over it, although the government helped establish it by giving the developers access to Iceland’s databases. 50% of Auroracoin was “airdropped” to all the citizens listed in Iceland’s national ID database who claimed their right to it. Unclaimed pre-mined coins were made inaccessible or “burned.” Auroracoin has a fixed supply that helps fight against inflation and can be sent anywhere, keeping transactions secure and anonymous with randomly generated addresses.
National altcoins are becoming an increasingly robust phenomenon in countries throughout the world. Like Bitcoin but thinking local, their aim is to strengthen community economies. Want to find out more about national altcoins? Cointelegraph is here to tell you everything you need to know.
2082While Bitcoin is promising to become a universal currency, a new generation of cryptocurrencies is stepping in attempting to solve financial problems in specific countries.
1575Iceland’s Pirate Party may win the national elections on Saturday which can lead to a strong pro-cryptocurrency presence in parliament.
2006Auroracoin, Iceland’s cryptocurrency, just got its first ever documentary courtesy of Vice Motherboard, its first major news hit outside of cryptocurrency news outlets
1781Why it’s important to be “shilling for altcoins” instead of focusing exclusively on Bitcoin, cryptocurrency’s clear frontrunner.
2007Resurgent regional cryptocurrency Auroracoin debuted Iceland’s first-ever cryptocurrency exchange, ISX, allowing the people of Iceland to trade Auroracoin and krona.
2146Is Bitcoin’s dominance over the cryptocurrency world slipping? Altcoin developers talk about how their competitive advantage and gains in merchant adoption work towards dethroning Bitcoin.
2670Iceland’s bus stops are now decorated with advertisements for Auroracoin, the Icelandic cryptocurrency, which is set to have a new currency exchange next month.
877Auroracoin’s shine is gradually fading away. Being introduced in seemingly the right place and in the right time, it was the second largest cryptocurrency before it even launched, valued at half a billion dollars
1599More of Iceland’s population holds cryptocurrency than anywhere else in the world. Could that, combined with recent political and financial scandals, propel it to crypto capital of the world?
1517- Auroracoin, Sterlingcoin, Scotcoin: National Cryptocurrencies Provide Alternative to Central Banking
Auroracoin has nearly doubled in price over the Panama Papers. CT spoke with developers behind three regionally-centric cryptocurrencies (Auroracoin, Sterlingcoin, and Scotcoin) about their vision for modern currency designed for their respective peoples.
2686 Auroracoin’s development team plans a second coming as new scandals emerge with government corruption surrounding 2008’s bank collapse.
3079Cryptocurrency enables you to “be your own bank,” and banks are more than just a place to put your money—they're also a place from which to borrow. Pure-Central launched in late 2014 and aims to connect lenders with borrowers for loans in multiple cryptocurrencies.
860After several years of interesting research in Artificial Intelligence, David Lio got into crypto-currencies late in the game (late 2013), left California and his work in AI, and set up a crypto-currency consultancy in New York.
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