Aura (ARA)

Aura is a new cryptocurrency and blockchain based on Ethereum. Users can send and receive Aura as a cryptocurrency, and developers can write smart contracts to power decentralized apps on the platform. Aura is powered by a worldwide network of independent users running Aura nodes. Check out the network stats site to see the live network in action.

Aura was created to be the foundation for the upcoming YouStock platform: a tokenized selfhood community where users can create and trade people stocks that represent themselves and others.

FAQ

How much Aura exists?

Approximately 12,000,000 Aura will be generated through mining. Aura will use Proof-of-Work (PoW) mining for about 2 years (3,800,000 blocks) and then switch to a Proof-of-Stake (PoS) consensus algorithm. The emission rate during mining is 3 Aura per block, with 15-second block times. This results in approximately 11,400,000 Aura minted through mining (the actual number may vary due to uncle block rewards). The remaining 600,000 are allocated in the genesis block as a premine. After switching to PoS, there will likely be about 1% yearly inflation to reward masternodes.

Why was there a premine?

This project did not have an ICO or raise funds, so the premine was created as a development fund to support the project. To ensure transparency, the premine address is 0x47Ead7D1AA40674634de5b2AF86b93C48AdfF55b. It will primarily be used to incentivize users of the YouStock platform once it is live, run bounties, reward early adopters, and support the project’s long-term success.

Is there a roadmap?

The YouStock roadmap includes plans for Aura.

What is YouStock?

YouStock is a sister project to Aura. It is a platform built on Aura that enables users to create a digital asset representing themselves and trade it on a new decentralized exchange. Visit the YouStock webpage for more information.

Is Aura different from Ethereum?

Yes. Aura is a separate blockchain parallel to the Ethereum mainnet. Aura is about 10 times more scarce than Ethereum but uses the same protocol and open-source technology.

Why create a new Ethereum blockchain instead of using the Ethereum mainnet?

The Ethereum mainnet is becoming congested and overcrowded as more companies build projects. This increases transaction fees and the likelihood of failed transactions as everyone competes to include their transactions in the main chain. By creating a new blockchain, Aura avoids this congestion, keeping transaction fees low and cost-effective for the YouStock platform and other projects built on Aura.