Aurora AOA to Beldex BDX Exchange

Crypto Pair Details: AOA to BDX

Aurora AOA

Auroracoin is a decentralised, peer-to-peer, and secure cryptocurrency released as an alternative to the Icelandic Króna to bypass governmental restrictions associated with the national fiat currency. It was launched with the aim of becoming the ‘official’ cryptocurrency of Iceland. AUR was a pioneer in the area of country-specific cryptocurrencies. AUR was launched on the 25th of January, 2014, by an anonymous developer who went by the pseudonym of Baldur Friggjar Óðinsson. It was originally based on Litecoin, using the Scrypt algorithm with a Proof of Work mechanism, but was later updated to use a multi-algorithm architecture in 2016, forked from DigiByte. Auroracoin uses the PoW consensus mechanism, which utilises device hashing power to solve a complex mathematical problem in order to authenticate a transaction proposed to be stored in the blockchain. The difficulty of solving the problem ensures that authenticating forged transactions is very difficult unless the attacker owns an impractically large chunk of the network’s total hashing power. AUR is one of the only cryptocurrencies to use a combination of five different hashing algorithms, namely Grøstl, Qubit, scrypt, SHA-256, and Skein. While initially very popular, Auroracoin has seen little to no activity for a while, with poor marketing, and frequent dev team changes. Reasons for little growth have been various, from slow adoption in Iceland, to developers leaving and joining the project midway. However, it is expected to not go lower than the recent low, and might see a rise as AUR plans to launch a more aggressive marketing campaign in Iceland to promote the coin among the masses. Unlike most other altcoins, Auroracoin has made extensive changes to the original codebase. It has introduced security measures such as Automatic checkpointing, and protecting against known flaws present in the BTC blockchain, such as 51% block replacement attacks.

Beldex BDX

Beldex is a privacy-enabled coin, giving power and control to its holders to perform public and private transactions. The transactions can range from traceable publically available and traceable transactions to untraceable private transactions. BDX coins gives total control to users, empowering them with the choice of making transaction that are traceable and untraceable.With a lot of ICOs around choosing the right one becomes the hardest part in getting stable returns. The most trusted way to choose an ICO for investment is it’s utility aspect. When you choose a coin for investment, it should act as a fuel in the crypto space. The ICO will last till August 15th 2018. The prices of one BDX right now is $0.23 and it’ll be $0.25 from August 1st.

SOURCE: COINGECKO

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