AURA - Smart Contract Ledger

 


Hello everyone, I will bring a summary of information to you an amazing app that has amazing features that we have not seen before just in a single app. Although there are a lot of messaging apps already in use, most of them are mainly for sending messages and receiving files and that ends it.

The world is aging and technology is advancing and we must find ways of making life more simply and easier to live than before. Aura (http://auraledger.com ), a smart contract and decentralized application (dApp) platform based on ethereum. Aura will be the blockchain that YouStock uses to create and trade "people stocks".
As you may already know all cryptocurrencies are powered by the blockchain technology and all transactions are performed on blockchain in a very secure and properly maintained environment. KCH is also based on the popular blockchain technology and all user wallets will operate in a secure crypto environment.

The Blockchain Technology has made many people in the world multi millionaires in the last few years due to their investment in cryptocurrencies. Most of these crypto millionaires were involved in ICOs. ICOs are initial coins offerings which aim is to provide initial funds for startup companies all over the world to execute their business ventures.
 



About Aura

Aura is a Cryptocurrency and general purpose Blockchain application ledger based on ethereum. Developers can deploy smart contracts and decentralized apps (dApps) to the Aura blockchain. Lowercase 'aura' refers to the unit of cryptocurrency on the platform that can be transfered between wallets, is used to pay transaction fees and gas for smartcontracts.

Aura is the main unit of cryptocurrency and fuel for smart contracts. Faster and cheaper than others, Using parallel blockchain has the advantage of lower cost and less traffic than if run on ethereum mainnet. User shares are implemented as ERC20 tokens on blockgain Aura.

Aura (http://auraledger.com), a smart contract and decentralized application (dApp) platform based on ethereum. Aura will be the blockchain that youStock uses to create and trade "people stocks". Here I see very good investment with AURA, because AURA is a very good project for the future. AURA with ETHEREUM is different but he uses the same protocol and open source technology.

Only 12,000,000 aura will ever be created. Aura will use Proof-of-Work mining for about 2 years (3,800,000 blocks) and then move on to the Proof-of-Stake consensus algorithm. Mining emission levels are 3 aura per block, with 15 second blocks. This produces 11.4 million aura printed through mining. Another 600,000 are allocated in the genesis block.

What is YouStock?

With Aura’s core services wrapping up, I’ve started working on the YouStock platform. It’s going to be built on a MEAN stack (MongoDB, ExpressJS, AngularJS, NodeJS). Here’s a sneak preview of what the home page might look like.

The account system is going to be somewhat of a hybrid where users can choose to either host their wallets on our servers and use a normal username and password to access their account like everyone is already used to, or users can BYOW (bring your own wallet) where you remain in control of your private keys.

The plan is to support as many wallets as possible: Ledger, Trezor, MetaMask, keystore, mneumonic phrase, etc. YouStock is a new platform where anyone can create a digital asset that represent themself and trade with anyone else.


YouStock is like bitcoin but with the added ability to create and send digital stocks as well as the base cryptocurrency aura;

A new cryptocurrency
The YouStock platform will use aura, a new cryptocurrency and smart contract platform. It can be mined, bought and sold on exchanges, and sent directly to other users just like any other cryptocurrency.

A smart contract platform
Smart contracts enable users to create new digital assets. On YouStock, these assets represent stocks in the users who create them. The stocks have a fixed number of shares and are initially 100% owned by the creator.

A decentralized exchange
A decentralized exchange is the exchange of digital assets operating solely on the basis of the blockchain protocol and is independent of any third party to facilitate trade. This allows you to trade with others online directly, without any intermediaries. Users can trade their stocks directly with other users without having to trust a third party provider.


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

The ethereum mainnet is quickly becoming too congested and overcrowded as more and more companies build their projects on top of it. This causes transaction fees to skyrocket and increases the amount of failed transactions as everyone is competing to get their transactions included in the main chain.

By creating a new Blockchain, we won't have to compete with as many other projects for blockchain space, and can keep transaction fees low and cost effective.


Total Number of Auras

Only 12,000,000 aura will ever be created. Aura will use Proof-of-Work mining for about 2 years (3,800,000 blocks) and then move on to the Proof-of-Stake consensus algorithm. Mining emissions levels are 3 auras per block, with 15 second blocks. This produces 11.4 million auras printed through mining. Another 600,000 are allocated in the genesis block.

create a new ethereum blockade instead of using ethereum mainnet Primnet ethereum is rapidly becoming overcrowded and overcrowded as more companies build their projects on it. This causes transaction costs to soar and increase the number of failed transactions because everyone competes to get the transaction included in the main chain.

By creating new Blockchain, we do not have to compete with many other projects for blockchain space, and can keep transaction costs low and cost-effective. 


Get Aura Wallet Address

You can get a new one at https://wallet.auraledger.com. This is a modified version of MyEtherWallet for the Aura network. Read through the intro popup to get tips to stay safe, create a new password (and write it somewhere else) and click on "Create New Wallet". Follow the instructions to save your keystore file, and print a paper wallet as a backup.

After you save the keystore file and print your backup paper, select the Wallet Info Info tab, select the keystore option, and click on Select Wallet File, Find the keystore file you saved earlier, enter your password, and click Unlock. From here you should be able to see the address of your wallet that you will use for mining.

Select a mining pool

There are several mining pools to choose from auraledger.com. The mining pool allows you to work with other miners and share the results. It's the only consistent way to mine unless you have a big mining rig. Most pools have a clue or example on their front page, so pay attention to it. Your exact settings may differ from those described below. 

Get some mining software

Since Aura is based on ethereum, it uses the same gpu mining software. The two most popular miners are ethminer and claymore. Download the correct version for your OS.
For claymore miners, open the download folder you have extracted, and copy start_eth + pasc.bat or one of the other .bat files and rename tostart_aura.bat. Open this new file with a text editor and replace the last line with

EthDcrMiner64.exe-head POOL_URL: PORT -WAL AURA_ADDRESS-rig1 -epsw x -allcoins processor 1 -ttli 80

Be sure to replace the POOL_URL: PORT text with the value of the aura mining pool you selected, and AURA_ADDRESS with the address you created and open earlier. Save the file and double click it to run it. Notice the command window that appears to see if there are any obvious errors.

Consider checking Readme.txt for claymore or running ethminer.exe - help and reviewing the full list of options you can use. Getting your miners running smoothly is largely a trial and error process, experimenting with different options. There are several online sources related to ethereum mining that can help if you have problems.


Check Your Mining Pool

Once you start your miner and it seems to run correctly, go into your mining pool to verify if it's connected and send you shares. Most pools have a place to enter your wallet address to monitor this. Find out what the payment conditions are. Usually you need mininum amount and wait until the next time interval to get the gift that you have confirmed. Depending on how good your video card is, it may take a few hours or days.

Once you meet the minimum payment requirement for your pool, wait for the next payment interval to pass and then check your wallet again at wallet.auraledger.com to see your balance.


Roadmap


Q1 2018

January 2018
Launches the main Aura network

February 2018 Wallet
service Aura , researchers, mountain pools, stock exchanges

Q2 2018 

YouStock Alpha
Early versions of web portals and decentralized exchanges

Q3 2018 

YouStock Beta Version
Start beta testing and get special responses

Q4 2018 

YouStock 1.0
Running the final product

Conclusion

All ico projects may have a different base and concept, but after I saw this project, I became interested because most of its tokens will be distributed free of charge to all who want to join and contribute some great ideas to build and make this project a Big and famous.

Aura believes that with a solid and reliable team and system, Aura can provide Users, a secure and robust Platform that will give Users a wide range of advantages and convenience in every transaction they make. Team Aura also believes that with systematic and professional development, Team Aura can build a better platform than similar platforms. So do not ever hesitate to give your idea idea into this project, and who knows you can be successful with ARA AURA.

Aura will be required to use the YouStock platform. If you have a decent video card, you can start mining by following this tutorial. Help build the community by joining our discord channel or telegram channel, and follow us on facebook and twitter.


Token Information:

Token Name : ARA
Token Type : ERC20

Aura will use Proof-of-Work mining for about 2 years (3,800,000 blocks) and then switch to a Proof-of-Stake consensus algorithm. The emission rate while mining is 3 aura per block, with 15-second blocks. This works out to 11,400,000 minted through mining aura. The premise will primarily be used to incentivize users of the YouStock platform once it is live, run bounties, rewards early adopters, and to support the long-term success of the project.




For more information:


Created by :

JuiceAnnabel

Comments

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