Auroracoin is a currency that is not dependent on the present banking system and has its own independent value. Unlike conventional currencies, central banks cannot create Auroracoin as it suits them. Auroracoin has a fixed supply which supports the value of the currency and works against inflation.
With Auroracoin payments can be sent anywhere in a secure way. Transactions can be kept anonymous and user privacy is protected with randomly generated addresses. The transactions are kept in a public ledger that is shared between users without the need for a traditional bank.