Aurora is a blockchain-based smart contract platform. It was created to compete with Ethereum’s decentralized application ecosystem. In this article, “What is Aurora?” We will answer the question. In addition, we will touch on other questions about the project.
What is aurora? What does it do?
AuroraChain was founded in Seoul, South Korea in May 2018. It is a blockchain-based smart contract platform announced at the “Beyond the Blocks” event. It was created to compete with Ethereum’s decentralized application ecosystem. Aurora AOA, the native cryptocurrency of AuroraChain, originally set up as ABitchain (ABTC). It uses a Delegated-Proof-of-Stake (DPoS) and Byzantine Fault Tolerance (BFT) consensus mechanism. AuroraChain launched the mainnet in summer 2018 with support for both the Ethereum Virtual Machine and the Solidity programming language. AuroraChain’s average gas fees are 0.0001 AOA. It can achieve a transaction speed of 2000 transactions per second (TPS), which is on par with the EOS blockchain. The main pain points that AuroraChain relieves on Ethereum’s blockchain are congestion, scalability, and upgradeability. In addition, he believes that P2P stereo networking is the way to do it. It’s also not even a year old yet and is already entering a crowded market.
Every blockchain project is aware of cross-chain functionality. In addition, integration with legacy systems and data is a must-have feature. AuroraChain’s team hit the market fast, but they still have a long fight ahead.
What is AOA coin?
AOA coin is the native token of Aurora. In addition, the Aurora network rewards any participant who develops the system with AOA tokens. AOA can be earned by finding bugs, promoting the project, and improving the code base, among many other activities. There is a total supply of 10 billion AOA tokens.
How does Aurora work?
Aurora Chain Blockchain uses BFT and DPOS mechanism to enable faster processes. Apart from these mechanisms, Aurora’s multi-chain infrastructure allows transactions to be executed much faster than single-chain transactions. On the other hand, Aurora Network works with different nodes to allow users to communicate quickly and securely. Thanks to the different Blockchain ecosystem provided by the Aurora platform, Blockchain technology, financial system, artificial intelligence and IOTA (internet of things) are planned to be easily synchronized.
What is aurora? How to get AOA coin?
Aurora is currently traded on a small number of cryptocurrency exchanges. In addition, people who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where Aurora is traded are listed as follows: KuCoin, Coinone, BitGlobal, Indodax, digitalexchange.id. Users who want to invest in the project should open an account on one of these exchanges.
