Auroracoin

Auroracoin 24/01/2014
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Crypto Currency > A
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Auroracoin

Auroracoin is a cryptocurrency for Iceland. 21.000.000 coins, block reward 25. It is based on litecoin and is 50% premined. The premined coins will be distributed to the entire population of Iceland, commencing on midnight 25th of March 2014.

Auroracoin is designed to break the shackles of the fiat currency financial system in Iceland.

Iceland has been hit hard by financial meltdown and inflation. Not only did the entire banking system collapse in 2008, but the monetary history of Iceland is one of inflation, devaluation and currency controls.

Auroracoin is an opportunity for Icelanders to free themselves from currency controls and government debasement of the currency.

Auroracoin is based on the Litecoin protocol. However, it is started by the “Airdrop” of premined auroracoins to the Icelandic nation, designed to reach almost every Icelander. This one-time event will create the conditions for Icelanders to start using the currency, by providing them with a start and making them aware of the currency and its possibilities. After the Airdrop, the only way to acquire auroracoins will be through mining and transacting.

Information Auroracoin Scorecard

Merchants No
Audited No
Website Yes
CoinWarz Yes

Total 37%
Please invest at your own risk


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Information Information

Launched: Friday, 24 January 2014
Hash Algorithm: SHA-256
Symbol: Auroracoin
Block Time: 5.00 minute
Scheme: Proof-of-Work

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Extra information Extra information & Specifications

Specifications: Scrypt Algo
21 million total coins.
25 coins per block.
Coins mature after 100 blocks
Re-target every 8 blocks

Extra information: rpcuser=username
rpcpassword=password
rpcallowip=localhost
rpcport=12341
port=12340
gen=0
server=1
addnode=93.158.203.104
addnode=2.248.159.250
addnode=93.31.123.188
addnode=85.25.194.238
addnode=82.128.238.235
addnode=5.9.157.150

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