Auroracoin is the cryptocurrency that is aiming to make transactions fast, secure and transparent, all at the same time while promoting the innovative blockchain technology. The developers of the project are adamant about the fact that the world needs less centralization and more safety. The payments and other financial transactions made using the Auroracoin will have no drawbacks of the traditional banking and non-banking financial institutions, since, first of all, there will be zero commission on any payments made, the only comparable thing, the gas cost, would be so miniscule and completely invisible to the people conducting the transactions. Second of all, the Auroracoin system stores its information on the distributed ledger, in the form of the very secure, unhackable, locked blocks, which would allow users to have absolute trust in the system, which benefits everybody on the chain in the same way, allowing the banking oligopoly to give way to democratic and free financial system.