Auroracoin (AUR) is a peer-to-peer cryptocurrency launched on January 24, 2014 as an Icelandic alternative to bitcoin and the Icelandic króna. The unknown creator or creators used the pseudonym Baldur Friggjar Óðinsson and allocated (premined) half of the 21 million total coins for the 330,000 Icelandic citizens living in Iceland.

This first-of-its-kind national ID enforced airdrop began with Phase I on March 25, 2014 with 31.8 auroracoins per claimant.  Phases II / III concluded in 2015 with 318 / 636 auroracoins respectively per claimant.

Of these 10.5 million premined coins, approximately 40% of the coins were claimed, 10% of the coins were gifted to the Auroracoin Foundation (M1 fund), and 50% of the premined coins were verifiably destroyed.  (AURburnAURburnAURburnAURburn7eS4Rf)   

In 2016 there was a hard-fork to a multi-algorithm(PoW) code change.  There was also a block-time change from 10 minutes to 61 seconds, a corresponding change in block-reward, resulting in a “halvening schedule” change and increase of maximum coins to 23.3 million. ( Adjusted to 17.97 million after 5.345 million burned ) 

In 2018 it was decided to liquidate 80% of the M1 fund to launch the Icelandic Blockchain Foundation (Rafmyntaráð) expanding Auroracoin’s blockchain advocacy efforts within Iceland.

In 2021 Auroracoin released another significant major release and continues to be volunteer-driven using open-source technology with the goal of offering an alternative to inflationary fiat currencies.

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Peercoin, also known as PPC or Peer-to-Peer Coin, was created by Sunny King and his team and launched in August 2012. It is the first blockchain to implement Proof-of-Stake consensus.

The primary inspiration behind the creation of Peercoin was to address a number of perceived shortcomings of Bitcoin, including energy efficiency, security and sustainability, decentralization and long-term viability.

Essentially it was designed as an enhanced replacement for Bitcoin. As such, it was originally forked from Bitcoin and uses the same UTXO style blockchain. However, Peercoin's code was modified to introduce Proof-of-Stake as its primary consensus protocol. The next section explains how this makes for a better blockchain.

Given that Peercoin uses most of the same code, it can easily port new features from Bitcoin and utilize any of the supporting infrastructure, including tech advancements like Taproot or Lightning Network. Peercoin is the only Proof-of-Stake blockchain that uses modern Bitcoin code, making it the perfect drop-in replacement.

Peercoin also has a dedicated community, is actively developed, fairly distributed, has low barriers of participation, can do everything that Bitcoin does, minus the 13 TWh of energy usage, and it's not a scam.

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