Auroracoin (AUR)

Auroracoin (AUR) is a cryptocurrency, much like Bitcoin and Ethereum, that is built on blockchain technology. Auroracoin was created in 2014 by the pseudonymous Bjartur Gauthigard, a developer from Iceland. The purpose of the coin was to provide the people of Iceland with an alternative form of currency, free from the manipulation of the Icelandic government. Auroracoin is unique in that it is only available for use in Iceland, and is not traded on any global exchanges. It is designed to be used as a payment system, allowing users to send and receive funds within Iceland without having to rely on or trust banks or large financial institutions. This decentralized model of currency makes it attractive to many Icelanders who are wary of central banks and government entities. Auroracoin is based on the popular open source blockchain protocol Bytecoin, which itself is based on the CryptoNight algorithm. This gives Auroracoin additional security, scalability and anonymity. It also provides faster transaction times and lower fees than traditional payment systems. The coin is mined by anyone with a computer and an internet connection, similar to how Bitcoin and Ethereum are acquired. Auroracoin is different in that only people within Iceland are able to mine or use the coin. This is to keep the currency localized and encourage use within the country. Auroracoin can be used to purchase goods and services both online and offline in Iceland. It is accepted at a number of businesses and merchants, including cafes and restaurants. Additionally, the coin can be used at bitcoin ATMs and certain Bitcoin exchanges, though the majority of the Icelanders prefer to use traditional banking methods such as credit cards and debit cards. If you are looking to purchase Auroracoin, you can do so on a variety of cryptocurrency exchanges such as Coinbase, Bittrex, and Kraken. You can also buy the coin directly from other users on online forums such as Bitcointalk. Additionally, you can find numerous online and offline vendors who accept Auroracoin as payment. Auroracoin is an attractive option for many Icelanders who are looking for an alternative to traditional banking and financial systems. Its decentralized design, low fees, and fast transaction times make it appealing to those who want to transact outside of government oversight. As the coin gains more adoption, it will become easier to purchase and use, giving more individuals access to a cheaper and faster way to transact.