Princeton Researchers Developing Bitcoin-Based Prediction Market
A team of Princeton faculty members are developing a prediction market based on bitcoin transactions. Prediction markets are purely speculative markets created for the sole purpose of making various predictions, ranging from all sorts of business predictions to more mundane events, such as weather and various real-world events. Prediction markets are often frowned upon by the financial community, although a number of major companies are said to be using different prediction markets and techniques to gain a competitive edge. These include software companies like Google, chipmakers like....
Related News
Princeton University’s first complete draft of the Princeton Bitcoin textbook, all 308 pages of it, is now available ahead of the book that is due to be published by the Princeton University Press in 2016. The first draft of the Princeton Bitcoin textbook, is now freely available. The book is aimed at computer science students, both undergraduate and graduate, as well as advanced students and researchers, software developers, entrepreneurs and technology hobbyists alike. The book is authored by: Arvind Narayanan, an assistant professor of computer science at Princeton, Joseph Bonneau, a....
A group of researchers from Princeton University, Stanford University and the City University of New York, have announced a new ECDSA threshold signature scheme that is particularly well-suited for securing Bitcoin wallets. Threshold signatures can be thought of as "stealth multi-signatures." The new Bitcoin security scheme is detailed in a research paper titled "Securing Bitcoin wallets via a new DSA/ECDSA threshold signature scheme." The announcement follows three previous posts by Steven Goldfeder on the Freedom to Tinker blog, hosted by Princeton's Center for Information Technology....
Early last year NYU became the first major institution to invite its students to take part in a bitcoin related course. Now it looks as though other major institutions are ready to follow suit - the latest being the world renowned Princeton University. Starting in April 2015, Princeton will commence teaching of a course called "TC-Tech: Bitcoin and Cryptocurrency Technologies." Strangely, the course is listed as not being an official Princeton course on the University's website - but from what we can tell this is due to the fact that the course will be taught online (via webinars), and is....
Augur, a decentralized platform allowing individuals to create prediction markets on a vast array of topics, announced today that it was launching its alpha test."Traditionally, prediction markets have fallen short due to their need for volume in order to be valuable forecasting tools," explained Jeremy Gardner, the Director of Operations at Augur. "Having a global, unstoppable, blockchain-based prediction markets platform means anyone in the world with internet can connect to Augur."However, Augur is not, itself, a prediction market. Rather, it is open-source code for a prediction markets....
Bloq Economist and Bitcoin Hivemind creator Paul Sztorc has been fascinated with prediction markets for many years, and he views these mechanisms for the creation of “event derivatives” as an essential public good. Although Sztorc had been a supporter of centralized prediction market InTradein the past, he now sees the need for a blockchain-based solution to allow these sorts of markets to proliferate around the world. Recently, Sztorc chatted with Adamant Research Editor in Chief Tuur Demeester about prediction markets, Bitcoin, sidechains and many other topics. During the discussion,....