Another unique feature of Aryacoin is the undetectability of transactions in Explorer, such as the DASH and Monero, of course, this operation is unique to Aryacoin. Stable Fee Per AYA is a unique feature of Aryacoin, so by increasing the amount or volume of the transaction, there is no change in the fee within the network, which means that the fee for sending an amount less than 1 AYA is equal to several hundred million AYA. Proof of work and cryptographic hashes allows transactions to verified. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community.Īryacoin is a blockchain based project that allows users to access their wallet on the web and mobile browsers, using their login details.Īryacoin can be mined it also can be exchanged by other digital currencies in several world-famous exchanges such as Hitbtc, CoinEx, P2pb2b, WhiteBit, Changelly and is also listed in reputable wallets such as Coinomi and Guarda.Īryacoin is a coin, which can be used by anyone looking to use cryptocurrency which allows them to keep their privacy even when buying/selling the coin along with while using the coin during transactions. Combining the best in blockchain technology since the time of its creation, Aryacoin strives to deliver the highest trading and mining standards for its community.ġ.1 OVERVIEW ABOUT ARYACOIN Aryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established.
Aryacoin was developed to overcome these restrictions on a free currency.Īryacoin is a new age cryptocurrency, which withholds the original principle on which the concept of cryptocurrency was established. Bitcoin was made so that it would not be controlled or regulated but now exchanges and governments are regulating bitcoin and other cryptocurrencies at every step. This paper provide a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions.The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes. It was decentralized and their is no third party involved in the transaction, only the sender and receiver were involved. When bitcoin was launched it was revolutionary allowing people to transfer money to anytime and anywhere with very low transaction fees. People and institutions who do not know or trust each other, reside in different countries, are subject to different jurisdictions, and who have no legally binding agreements with each other, can now interact over the Internet without the need for trusted third parties like banks, Internet platforms, or other types of clearing institutions. The underlying blockchain technology allows us to trust the outputs of the system without trusting any actor within it. Bitcoin introduced a novel solution to the age-old human problem of trust. Along with the coin, there is a digital wallet that can be created and controlled by the user entirely, with no control being retained by the Aryacoin team.ġ.INTRODUCTION The concept of Blockchain first came to fame in October 2008, as part of a proposal for Bitcoin, with the aim to create P2P money without banks. The coins can also be used on the company’s other platform, mrdigicoin.io.
The Aryacoin team is continuously developing new use cases for the coin, including exchanges where users can exchange the coins without any fees or restrictions, and offline options where the coins can be bought and sold for cash. Each timestamp then includes the previous timestamp in its hash, forming a chain. The timestamp proves that the data must have existed at the time in order to get the hash.
It works by taking the hash of a block of items to be timestamped and widely publishing the hash. Further, it was created with the goal of addressing the double spend issues of Bitcoin and does so using a timestamp server to verify transactions. It is like Bitcoin and Litecoin, but the trading of the coin occurs on sales platforms that have no restriction to use. Author: Gamals Ahmed, CoinEx Business AmbassadorĪBSTRACT Aryacoin is a new cryptocurrency, which allows for decentralized, peer to peer transactions of electronic cash.