The new prediction marketplace solves longstanding liquidity issue, but does it create new problems?
Augur is a prediction market based on Ethereum which is forecasting results of different events basing on the wisdom of the crowd principle. Definition of Augurs main principle – wisdom of the crowd – is a principle that states that a large group aggregated answers are often superior to the answer given by any of the individuals in the group.
Augur in its core is very close to a tote. It allows user to make a specific question about the future event and to buy and sell positive or negative shares about the result of this event. Market creators will receive an Augur coin (REP) encouragement from the fees for buying shares. Shares are not frozen until the end of event, so people can speculate on opinions reselling those shares. After the end of event, users will report the outcome of event, meaning Augur blockchain will have a great source of information about it and may be used as a search engine in the future.
Would you rather bet on YFI or BTC?11987
Maker, Synthetix, Band Protocol, and Augur are the top DeFi platforms in terms of developer activity.3086
Decentralized prediction market platform Augur has completed its v2 upgrade, introducing a host of DeFi features onto the platform.2554
The founder of the first crypto venture capital firm believes that altcoins will eventually provide better returns than Bitcoin.7252
Ethereum-based predictions platform Augur announced it would be launching the second version of its platform starting on July 28.6245
Facebook’s Forecast app has been launched in beta even as the blockchain-based Augur platform readies for its v2 revamp.7571
Nasdaq has launched a decentralized finance index including crypto assets of projects like 0x, MakerDAO and Augur.6930
Veil, an Ethereum-based predictions platform using the Augur marketplace, has shut down.11544
Blockchain-powered event betting platform Augur has launched support for MakerDAO’s DAI stablecoin as part of an unfolding wide-ranging upgrade to its platform.4771
This week, PayPal ventured into blockchain for the first time, and Coinbase turns to cross-border payments.4083
Ethereum-based prediction market Augur is reportedly currently facing a design flaw attack, according to the research.5473
A series of controversies around specific prediction markets highlight Augur’s governance issues.5374
Reactions to the Augur’s latest weekly report follow Jimmy Song highlighting low user numbers.4657
An analysis of 2018 price performance and the slowdown of the ICO sector demonstrates the pitfalls of centralization, Jimmy Song says.8356