Yugocean
Valued Contributor
Auroracoin was created on February 2014 by a developer Baldur Odinsson as an alternative currency for Icelandic people to overcome the restriction on Icelandic krona since 2008.
Auroracoin was the first coin which started the airdrop process. 50% coins were shared in giveaway to Icelandic nationality identification providers, this process was completed in three phases under the word “airdrop”.
Auroracoin was based on Litecoin, it is written in. C++, utilize on proof-of-work (POW) algorithm and uses scrypt hash function. The Ticker Symbol of Auroracoin is AUR.
Auroracoin was very controversial in Iceland, it was described as a tool to steal national identity database, attempt of tax evasion, it was declared illegal to use/hold Auroracoin in Iceland, but due to a decentralized digital currency, the ban did not work.
Auroracoin is still active in digital assets trading. Maximum Supply is 21 Million, more than 18 millions Auroracoin are currently circulating in the coin market with support from YoBit and ISX in their exchange platform.
