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What is Aurora?
Aurora is a next-generation Ethereum-compatible blockchain and ecosystem built on the NEAR Protocol. It is designed to power innovations on Aurora Cloud, enabling Web2 businesses to leverage the benefits of Web3. Aurora provides a scalable, fast, and cost-effective Ethereum-compatible environment for developers to deploy and operate decentralized applications (dApps).
How does Aurora work?
Aurora is implemented as an Ethereum Virtual Machine (EVM) on the NEAR Protocol, a highly scalable Proof-of-Stake (PoS) blockchain. Aurora utilizes the NEAR Protocol’s sharding technology and unique consensus mechanisms to offer low transaction costs, fast block times, and rapid transaction finality. Developers can deploy Ethereum dApps on Aurora using Solidity, with the environment offering compatibility with popular Ethereum development tools.
What are the potential use cases for Aurora?
Aurora is suited for a variety of applications, primarily in the DeFi, gaming, and data analytics sectors. It supports decentralised finance (DeFi) applications such as AMM exchanges, liquidity transport, and restaking protocols. Additionally, it facilitates gaming applications, including Play2Earn games and AAA-standard gaming ecosystems. Aurora also serves as a platform for data and analytics services and non-custodial crypto wallets, offering interoperability with existing Ethereum dApps.
What is the history of Aurora?
Aurora was introduced in May 2021 by the team behind the NEAR Protocol. It aims to provide a solution to Ethereum’s scalability issues by offering a more efficient and cost-effective platform. The AURORA token was released as part of its Token Generation Event on November 18, 2021, and functions as a governance token for the Aurora DAO. Since its launch, Aurora has seen significant adoption and development, with numerous projects built on its blockchain.
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Frequently Asked Questions (FAQs)
What is the current price of Aurora (AURORA)?
The Aurora price is $0.308463 AUD, representing a -1.17% from the day prior.
Where is the best place to buy Aurora (AURORA) in Australia?
The best place to buy Aurora (AURORA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Aurora (AURORA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Aurora (AURORA)?
The trading volume of Aurora (AURORA) is $771.0K AUD in the last 24hrs, representing a -1.17% from the day prior.
How can I buy Aurora (AURORA)?
Aurora (AURORA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Aurora (AURORA)?
The current market cap of Aurora (AURORA) is $172.8M AUD.
Can I convert Aurora (AURORA) to cash?
Yes - With Coinstash you can convert your Aurora (AURORA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Aurora (AURORA) are there?
The current circulating supply of Aurora (AURORA) is 565.2M.
Is Coinstash a safe place to buy Aurora (AURORA) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Aurora (AURORA) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.