Aurora A Decentralized Financial Institution Utilizing Distributed Computing

The current economic systems have facilitated accelerated economic development and changed the lives of billions globally. But, the primary design of the system has driven to an irrational focus of wealth and power in the hands of those who control it. Several of these concerns arise from the point that currency issuance is by and large acquired by national governments, entities that are intrinsically biased towards resolutions that maintain the health of their economy. These decisions have the impact of choosing winners and losers in the financial markets, and because of it leaving the regulatory bodies open for corruption and political influence. Most importantly this outrage conclusively threatens the security of the national currency, supplementing those in power at the cost of currency holders.

Aurora believes that the answer to fixing modern banking is to strengthen transparency and eliminate the inequity that enables individuals and organizations to operate heedlessly and without recourse. They aspire to provide consumers clarity into the health of the bank and an opportunity to vote with their wallet.

An Autonomous Banking And Finance Platform

Aurora is a series of dapps and protocols that collectively constitute a fully decentralized and autonomous banking and finance network. The boreal as its stablecoin, Aurora strives to recreate and advance the current financial ecosystem in a decentralized manner. Aurora allows a permanent, private, and opens the financial system to everybody in the world despite the geographic location, social status, or privacy preferences. The main components of Aurora are cryptocurrency bank, a Decentralized Capital and a financial asset exchange (IDEX) which work together to extend the same financial services of the modern world. All of Aurora works on a shared computing network and uses an EVM compatible child chain for transaction processing, decentralizing the whole system and enabling it to operate autonomously.

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