What Is AuroraChain? Introduction to Aurora AOA Token

Benito Rupert
1 min readDec 18, 2019

--

Aurora is a collection of Ethereum applications and protocols that together form a distributed banking and finance platform.

Aurora provides an advanced financial network through Aurora’s distributed exchange, IDEX, and own stable currency, the boreal. Boreals are backed by a combination of debt and retailer endorsement, starting with IDEX, and are available to customers via loans based on their digital economic reputation.

BFT (Byzantine Fault Tolerance) works in conjunction with DPOS and bypasses the “wrong” nodes (Crash Failures and Byzantine Failures), ensuring blockchain functioning even when there are more than half the “wrong” nodes.

Actually thanks to DPOS and BFT:

• the load on the network is optimally distributed;

• speed and reliability of transactions is increasing;

Sign up to discover human stories that deepen your understanding of the world.

Free

Distraction-free reading. No ads.

Organize your knowledge with lists and highlights.

Tell your story. Find your audience.

Membership

Read member-only stories

Support writers you read most

Earn money for your writing

Listen to audio narrations

Read offline with the Medium app

--

--

Benito Rupert
Benito Rupert

Written by Benito Rupert

General introvert. Problem solver. Alcohol specialist. Future teen idol. Zombie fanatic. Pop culture expert. Cryptocurrency blogger on Taklimakan.Network.

No responses yet

Write a response