Advantages of Auxilium’s innovation
Explore our technological advantages
Auxilium is the cryptocurrency of philanthropic cryptocurrency company Auxilium Global. One of the biggest misconceptions is that Auxilium might not be technologically advanced, or offer innovation, and would only focus on philanthropy (e.g. giving away money). In fact Auxilium is one of the most innovative cryptocurrencies on the market. Plus one of very few who focus on both technological evolution as socio-economical involvement and usability. Major factors for mass adoption.
Our independent blockchain and network, using Auxilium Proof of Authority, consensus has many advantages over tradional coins and tokens that mostly use more limited Proof of Work and Proof of Stake consensus. We indeed aim to utilise our blockchain technology to do good in the world. But we’re not limited to supporting and creating philanthropic projects around the globe. It’s one of our goals on top of running a successful cryptocurrency business.
Unlike most cryptocurrencies, Auxilium’s unique block validation system makes it highly unlikely to fall victim to 51% attacks. On top of that Auxilium coins are impossible to counterfeit. The Auxilium network provides users with protection against most common types of fraud like chargebacks or unwanted charges. Also users can backup or encrypt their wallets, allowing users to have complete control over their money.
Auxilium makes payments borderless and banks the unbanked. Auxilium allows all individuals, businesses and banks to securely send and receive payments anywhere at any time. Even those who don’t have a bankaccount. Auxilium increases global payment opportunities and it can help international trades to reach the next level.
Mining for Bitcoin blocks uses as much energy as it takes to power Switzerland for a year. Also other cryptocurrencies, including those who use staking instead of mining, use a lot of natural resources. Because we don’t mine or stake Auxilium uses as much energy as a stovetop hotplate. Besides that Auxilium plants forests every year to make up for the minimal carbon footprint making Auxilium the most environmentally friendly cryptocurrency.
Cryptography removes the middlemen increasing speed and lowering costs. An Auxilium transaction is much cheaper (≥ 0.000000018 AUX) and faster than many alternatives. This means Auxilium potentially could become a common way to transfer funds in the future. Auxilium could also play a role in fair-trade, reducing poverty and maximising profits for businesses by cutting our the middlemen and reducing fees.
Just because we don’t mine, that doesn’t mean we don’t pay rewards. Auxilium coinholders receive 8% interest every year thanks to the AID platform. To be precise, it’s 6.72%. The extra 1.28% is split between charity and research and development evenly. This without increasing the maximum supply which remains capped at 300 million AUX.
Auxilium Proof of Authority does not rely on (the speed of) a third party network or users to maintain the network. Auxilium’s unique network is faster than many. An example: you can send AUX from your desktop wallet into your Mercatox exchange wallet in a few seconds. The development team will run tests to test the network to the fullest and publish the maximum amount of transactions per second.
Our technology revolutionises the way blockchains are formed by limiting control to a series of Auxilium Global-owned computers. As we grow, so will our computer network. This means it’s less likely Auxilium will have scalability issues other cryptocurrencies, who rely on Proof of Work or Proof of Stake, have.
A problem with currencies in general, including cryptocurrencies, is a high, unlimited or sometimes even unknown supply. Auxilium has a transparent circulating-, total and maximum supply that can be viewed on our blockexplorer. The supply of 300 million coins is low and the cap on this supply will protect Auxilium from hyperinflation.
Auxilium is a coin with an independent blockchain and network, just like for instance Bitcoin, Ethereum and NEO. Auxilium has a unique cryptocurrency that does not rely on a third party and as shown has many advantages over traditional cryptocurrencies. Our platform also allows smart contract creation and creating Auxilium tokens.