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What is Aurora (AURORA)?
Aurora basic info
What is Aurora (AOA)?
Aurora is a cutting-edge decentralized application space that utilizes third-generation blockchain technology to operate on the DeFi system. Its primary objective is to offer blockchain technology solutions to the entire industry. The platform's main goal is to create lightning-fast contracts and simplify the application creation process on the blockchain.
How does Aurora (AOA) Work?
The Aurora blockchain utilizes a distributed-node-consensus algorithm, blockchain data structure, cryptography, and smart contracts to create lightning-fast contracts and simplify the application creation process on the blockchain. Its primary goal is to incorporate blockchain into other industries, make appropriate smart contracts, boost transaction speed, and solve blockchain difficulties by adding upgrades. To achieve this, Aurora Chain has developed multiple techniques, including DPOS + BFT consensus mechanisms, P2P stereo-net, intelligent proprietary application isolation technology, multichain parallel technology, multi-asset launching, cluster self-grouping technology, and upgradable blockchain. These techniques help reduce the risks of forking, enable faster and safer communication, control transactions entering the blockchain, increase TPS, verify transactions, and reduce users' data storage costs.
What is the AOA Token?
To ensure the smooth operation of the platform, Aurora Chain has introduced its own token, known as AOA. This token serves various purposes, including facilitating daily operations, rewarding users and core team members, and promoting the growth of the ecosystem.
AURORA supply and tokenomics
Token utility
Aurora’s base token is ETH to deliver the best user experience and familiar tooling for developers. AURORA token is a governance token to ensure proper upgrades to the protocol. Aurora is governed by AuroraDAO which includes representatives from different ecosystems and sectors of the blockchain industry.
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What is the development prospect and future value of AURORA?
The market value of AURORA currently stands at --, and its market ranking is #483. The value of AURORA is not widely recognized by the market. When the bull market comes, the market value of AURORA may have great growth potential.
As a new type of currency with innovative technology and unique use cases, AURORA has broad market potential and significant room for development. The distinctiveness and appeal of AURORA may attract the interest of specific groups, thereby driving up its market value.