Aurora AOA to PLATINCOIN PLC Exchange

Crypto Pair Details: AOA to PLC

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.

PLATINCOIN PLC

The PlatinCoin is based on Litecoin Technology. It is not only a new generation of cryptocurrency but, together with the PlatinCoin Cryptosystem, also an extremely flexible and multifunctional platform that allows everybody to create a wide variety of daily business operations without the delay of payment for goods and services, for example such simple things as the purchase of your daily coffee, online purchases or payments for your international travel insurance. The PlatinCoin is designed to become the most used cryptocoin worldwide, especially by international users not being able to own a bank account. Its underlying blockchain technology facilitates the daily high volume of payments. PlatinCoin provides fast, inexpensive, international and secure transfers by form of immediate payment. The advantages of PlatinCoin will appropriately address the respective payment needs of individual as well commercial users like merchants and service providers. In addition, the introduction of the PlatinCoin Debit Card will further contribute to the commercial viability of the PlatinCoin. PlatinCoin intends to become a central transmission point for FIAT money. Fast transaction periods and low variability risks will be applicable. Additionally, comprehensive payment facilities such as debit cards, ATM’s, etc. are being implemented to become a suitable payment method on high scale for clients and merchandisers. The PlatinCoin moreover aims to contribute to the improvement of people’s standard of living worldwide. This shall especially apply to people in developing countries who do not even have a bank account. As an instrument to increase prosperity, we have developed the PlatinCoin Minting Program. This Program allows nearly everyone to easily produce PlatinCoins themselves.

SOURCE: COINGECKO

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