What Is Aurora?

Aurora is a really interesting cryptocurrency and even more than just that. It’s basically a collection of Ethereum applications. Together combined, these applications and protocols form a decentralized banking platform.

Aurora gives its users an advanced, stable financial network that can be used everywhere around the world from any place or country. Aurora has its own currency which is pretty stable, named the boreal and it backed by other cryptocurrency reserves. The currency is available for everyone based on their economic reputation.

The goal for Aurora is to bring people a more biased and not monopolized set of banks that are controlled by governments. Since it is decentralized, Aurora aims to provide various different banking solutions.

Boreal runs on the technology of Ethereum so it’s easier to maintain the price stable. Aurora plans to offer loans for people with digital economic credit. You can buy Boreal on the crypto exchange sites where the user can sell their Boreal for other cryptocurrencies. Using boreal you can repay your crypto loans. Each boreal can be redeemed for Ether for only a 1 percent fee.

IDEX is a decentralized network that is built on Aurora and it’s the best place for trading all cryptocurrencies.

The team behind it is great. Alex Wearn is the CEO of the company that has many years of experience in multiple areas of the finance world, marketing and sales as well. There are plenty of skilled ethereum developers and software developers that make an exceptional team. Aurora is aiming to become the next best thing for crypto banking.