What Is Aurora (AOA)?

Aurora is a decentralized application space based on third-generation blockchain technology that works on the DeFi system. This platform seeks to provide solutions related to blockchain technology for the entire industry. The key mission of this asset is to develop lightning-fast contracts and make the process of application creation easier on the blockchain.

According to the whitepaper, Aurora blockchain uses the distributed-node-consensus algorithm to upgrade or create data, the blockchain data structure to check and save data, cryptography to secure the data transmission procedure and data access, and smart contracts to write codes and process data.

The Aurora chain offers a reliable internet connection and builds peer-to-peer connections on the network to make the value exchange process confidential and transparent. This mechanism helps protect individual rights, making the value transmission more efficient and economical. The central goals of this chain are incorporating blockchain into other industries, making the appropriate smart contracts, boosting the speed of transactions, and solving blockchain difficulties by adding upgrades.

To achieve its mission, Aurora Chain has developed multiple techniques:

• The network applies DPOS (delegated proof of stake) + BFT (byzantine fault tolerance) consensus mechanisms that can help reduce the risks of forking. BFT is a mechanism that enables a trustless network to function even when some nodes fail to respond in the network.

• The P2P stereo-net builds a network layering that enables faster and safer communication.

• Intelligent proprietary application isolation technology controls the transaction's entering the blockchain to ensure no inter-effects between the applications.

• Multichain parallel technology helps increase TPS (transactions per second) to enhance the blockchain's ability with an increase in the number of chains.

• Multi-asset launching offers high processing speed and the capability to expand to match the level of main chain coins.

• Cluster self-grouping technology verifies the transactions and reduces users' data storage costs.

• Upgradable blockchain facilitates automatic upgrading.

Aurora Chain has also launched its token, i.e., AOA, to ensure the proper functionality of the platform. The AOA token can be used for daily operations, rewards for users and core team members, and ecosystem creation.

History of Aurora Chain

The Aurora Chain was founded in May 2018. In December 2019, the platform implemented an upgradable blockchain and developed AuroraDev and AuroraID.