Auroracoin

Auroracoin
Unit
Symbol[citation needed]
Demographics
Date of introduction25 March 2014
User(s)Iceland (de-facto)

Auroracoin (Abbreviation: AUR; sign: ) is a peer-to-peer cryptocurrency launched in February 2014 as an Icelandic alternative to bitcoin and the Icelandic króna.[1][2] The unknown creator or creators use the pseudonym Baldur Friggjar Óðinsson (or Odinsson).[2] They stated that they planned to distribute half of auroracoins that would ever be created to all 330,000 people listed in Iceland's national ID database beginning on March 25, 2014, free of charge, coming out to ᚠ31.8 per person.[3][2]

Auroracoin was created as an alternative currency to address the government restrictions on Iceland's króna, in place since 2008, which severely restricts movement of the currency outside the country.[2]

  1. ^ Samúel Karl Ólason (February 6, 2014). "Auroracoin dreift til allra Íslendinga". Vísir.is (in Icelandic). Archived from the original on August 26, 2021. Retrieved September 2, 2020.
  2. ^ a b c d Casey, Michael J. (March 5, 2014). "Auroracoin already third-biggest cryptocoin–and it's not even out yet". (Blog) The Wall Street Journal. Archived from the original on November 11, 2020. Retrieved August 4, 2017.
  3. ^ Karl Ólafur Hallbjörnsson (March 24, 2014). "Nýr rafeyrir að nafni Auroracoin er öllum Íslendingum fáanlegur frá miðnætti". Vísir.is (in Icelandic). Archived from the original on March 12, 2022. Retrieved September 2, 2020.

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