BOUNTY AURA- SMART
AURA- SMART CONTRACT LEDGER
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 transferred between wallets, is used to pay transaction fees and feul for smart contracts.
What is a decentralized exchange?
A decentralized exchange is a digital asset exchange that operates solely based on the blockchain protocol and does not rely on any third parties to facilitate trading. It allows you to trade with other people online directly, with no intermediaries.
Youstock
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. 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.
Benefits of YouStock
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.
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
Users can trade their stocks directly with other users without having to trust a third party provider.
Users can trade their stocks directly with other users without having to trust a third party provider.
Sports
Prominent athletes could create a stock and let their fans trade them. The value of the stock may fluctuate based on the athlete's performance or their stardom, market forces will determine that. Buying stock in a young promising athlete could be very lucrative for fans and traders alike. Income from an initial offering could help offset the notoriously low pay college athletes receive these days, while simultaneously giving fans a new way to interact with their favorite sports teams and players.
Prominent athletes could create a stock and let their fans trade them. The value of the stock may fluctuate based on the athlete's performance or their stardom, market forces will determine that. Buying stock in a young promising athlete could be very lucrative for fans and traders alike. Income from an initial offering could help offset the notoriously low pay college athletes receive these days, while simultaneously giving fans a new way to interact with their favorite sports teams and players.
Artists
Famous celebrities could create a stock for their fans to trade. Fans that want to support their favorite actor or musician can buy their stock. If you discover a young upcoming artist that you know will go on to be big, buy their stock, which simultaneously supports them and also gives you a chance to share in their future success.
Famous celebrities could create a stock for their fans to trade. Fans that want to support their favorite actor or musician can buy their stock. If you discover a young upcoming artist that you know will go on to be big, buy their stock, which simultaneously supports them and also gives you a chance to share in their future success.
Employees
Top talent could tokenize themself and offer to work for their largest shareholder in addition to a fixed salary. This would force top companies to bid on the best employees. This has the added effect of aligning the employer's interests with that of the employee's, they both now have a financial interest in the employee to grow and be more successful. If an employee outgrows their position and another company wants to acquire them, they have to buy out the former employer's position.
Top talent could tokenize themself and offer to work for their largest shareholder in addition to a fixed salary. This would force top companies to bid on the best employees. This has the added effect of aligning the employer's interests with that of the employee's, they both now have a financial interest in the employee to grow and be more successful. If an employee outgrows their position and another company wants to acquire them, they have to buy out the former employer's position.
This is just a sample of the ways people might use this platform. We're excited to see what new and unique concepts people will come up with for using their tokenized selfhood. People are awesome.
Is Aura different from Ethereum?
Yes. Aura is a new blockchain, separate from the ethereum mainnet. However, it does use the same protocol and open source technology.
Yes. Aura is a new blockchain, separate from the ethereum mainnet. However, it does use the same protocol and open source technology.
Total amount of aura?
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 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 aura minted through mining. The other 600,000 are allocated in the genesis block.
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 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 aura minted through mining. The other 600,000 are allocated in the genesis block.
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.
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.
Mining Aura with a video card
Earlier this week I made a post on how to mine Aura using your CPU. At this point, mining with a CPU will hardly get you anything, and most mining pools have a minimum threshhold for payouts that you may never reach. You can still get some aura with a good graphics card however, but maybe not for long. Here’s how to do it:
Requirements: a decent video card and ability to edit config files and/or use a command line
Earlier this week I made a post on how to mine Aura using your CPU. At this point, mining with a CPU will hardly get you anything, and most mining pools have a minimum threshhold for payouts that you may never reach. You can still get some aura with a good graphics card however, but maybe not for long. Here’s how to do it:
Requirements: a decent video card and ability to edit config files and/or use a command line
Step 1:
Get an Aura wallet address
Get an Aura wallet address
You can get a new one at https://wallet.auraledger.com. It is a modified version of MyEtherWallet for the Aura network. Read through the intro popups for tips on staying secure, create a new password (and write it down somewhere) and click “Create New Wallet”. Follow the instructions to save your keystore file, and print out a paper wallet as a backup.
After you’ve saved your keystore file and printed your paper backup, select the View Wallet Info tab, select the keystore option, and click Select Wallet File,
Find the keystore file you saved earlier, enter your password, and click Unlock.
From here you should be able to see your wallet address that you will use for mining.
From here you should be able to see your wallet address that you will use for mining.
Step 2:
Select a mining pool
Select a mining pool
There are several mining pools to choose from at auraledger.com. Mining pools allow you to team up with other miners and split the rewards. It’s the only consistent way to mine unless you have a big mining rig. Most pools have directions or examples on their front page, so pay attention to those. Your exact settings may be different than what’s described below.
Step 3:
Get some mining software
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 the claymore miner, open the download folder that you extracted, and copy start_eth+pasc.bat or one of the other .bat files and rename it tostart_aura.bat . Open this new file with a text editor and replace the last line with
For the claymore miner, open the download folder that you extracted, and copy start_eth+pasc.bat or one of the other .bat files and rename it tostart_aura.bat . Open this new file with a text editor and replace the last line with
EthDcrMiner64.exe -epool POOL_URL:PORT -ewal AURA_ADDRESS -eworker rig1 -epsw x -allcoins 1 -ttli 80
Make sure to replace the text POOL_URL:PORT with the values from the aura mining pool you choose, and AURA_ADDRESS with the address you created and unlocked earlier.
Save the file and double click to run it. Pay attention to the command window that pops up to see if there are any obvious errors.
Consider checking the Readme.txt for claymore or running ethminer.exe --help and review the full list of options you can use. Getting your miner running smoothly is largely a process of trial and error, experiment with different options.
There are several online resource related to ethereum mining that may help if you’re running into problems.
Save the file and double click to run it. Pay attention to the command window that pops up to see if there are any obvious errors.
Consider checking the Readme.txt for claymore or running ethminer.exe --help and review the full list of options you can use. Getting your miner running smoothly is largely a process of trial and error, experiment with different options.
There are several online resource related to ethereum mining that may help if you’re running into problems.
Step 4:
Check your mining pool
Check your mining pool
After you’ve started your miner and it appears to be running correctly, log on to your mining pool to verify that it’s connected and submitting shares. Most pools have a place to enter your wallet address to monitor this.
Look for what the payout conditions are. Usually you need a mininum amount and wait until the next payout interval to get your confirmed reward. Depending on how good your video card is, this may take a few hours or a few days.
Once you’ve met the minimum payout requirements for your pool, wait for the next payout interval to pass and then check your wallet again at wallet.auraledger.com to see your balance.
Look for what the payout conditions are. Usually you need a mininum amount and wait until the next payout interval to get your confirmed reward. Depending on how good your video card is, this may take a few hours or a few days.
Once you’ve met the minimum payout requirements for your pool, wait for the next payout interval to pass and then check your wallet again at wallet.auraledger.com to see your balance.
ROADMAP
2017
SEPTEMBER 2017
Idea inception
initial work on project, research, experiment
SEPTEMBER 2017
Idea inception
initial work on project, research, experiment
DECEMBER 2017
Laying groundwork
fork ethereum, setup aura, websites
Laying groundwork
fork ethereum, setup aura, websites
2018
JANUARY 2018
AURA
Aura mainnet launch
JANUARY 2018
AURA
Aura mainnet launch
FEBRUARY 2018
Aura services
wallets, explorers, mining pools, exchanges
Aura services
wallets, explorers, mining pools, exchanges
Q2 2018
YouStock Alpha
Initial version of the web portal and decentralized exchange
YouStock Alpha
Initial version of the web portal and decentralized exchange
Q3 2018
YouStock Beta
Start beta testing and getting user feadback
YouStock Beta
Start beta testing and getting user feadback
Q4 2018
YouStock 1.0
Final product release
YouStock 1.0
Final product release
2019
For more information
Youstock: http://www.youstock.io
Aura ANN thread: https://bitcointalk.org/index.php?topic=2818598.0
official YouStock Facebook page: https://www.facebook.com/youstockplatform/
Website: https://auraledger.com
Youstock: http://www.youstock.io
Aura ANN thread: https://bitcointalk.org/index.php?topic=2818598.0
official YouStock Facebook page: https://www.facebook.com/youstockplatform/
Website: https://auraledger.com
My bitcointalk profi link:
https://bitcointalk.org/index.php?action=profile;u=1582803;sa=forumProfile
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