Icelandic Parliament Committee Holds Session to Discuss Auroracoin

Udgivet den by Coindesk | Udgivet den

Iceland's Parliamentary Economic Affairs and Trade Committee held a formal discussion regarding auroracoin in closed meeting on 14th March.

Auroracoin is a digital currency based on the litecoin source code, and a portion of it will be provided for free to Icelandic citizens.

"The Committee did not reach out to the auroracoin community or anyone involved in cryptocurrencies to my knowledge."

An English translation of the article is available on the auroracoin forums.

On Sigurjónsson's website, he has a short blog post on auroracoin suggesting that the coin is a scam.

Auroracoin was created as decentralized digital currency for the people of Iceland.

The purpose of giving premined auroracoin to Icelanders in particular is to build a community around the coin.

Fifty percent of the auroracoin's 10,619,651 units circulation is reserved for the Icelandic community.

Circulation might be more important than price for auroracoin to remain strong.

At a current supply of just over 10 million, auroracoin still has a lot more coins to be mined.

Seneste nyheder Se alt
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.
x