The Art of Forecasting: Augur’s Decentralized Prediction Market
There are many tools available today that can support our curiosity when it comes to gaining insight into past, present, and future events. The discrepancy, however, lies with the perspective that one can take when sifting through the vast amount of information available to us through the many sources. It may help to have a diverse background or experience so that one can understand and interpret the information more clearly — though this is not usually the case. This is where Augur, a decentralized forecasting platform, has stepped in to introduce a new way for people to share opinions....
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Following months of speculation, Augur’s digital token Reputation (REP) was launched on October 4, with the core product platform slated to go live soon. Since REP's launch, the token has seen a great deal of popularity within the community and is positioned eighth on CoinCap’s list of most valuable currencies. Augur is a decentralized prediction-market network and forecasting tool built on the Ethereum network. Using Ether or other digital currencies, users can participate in forecasting the outcomes of future real-world events, and are rewarded if they correctly predict those outcomes.....
The cryptocurrency asset exchange ShapeShift.io has announced it will integrate the Augur Reputation (REP) token. Now customers around the world can purchase and sell the first “oracle” cryptocurrency. ShapeShift.io Will Now Support Augur’s REP Tokens. On October 12, ShapeShift revealed it will support decentralized prediction market Augur’s native....
The multi-currency Jaxx wallet has announced yet another addition to its roster with Augur’s “REP” implementation. The wallet will be one of the first cryptocurrency platforms to offer REP storage. Alongside this news, Jaxx has been told by Apple that they have the green light to integrate Ethereum Classic as well. Jaxx Integrates With Augur’s....
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....
"You say prediction market and people are like 'What's that?' - it doesn't sound that important or lucrative or interesting." That's Jeremy Gardner, best known as the director of the College Cryptocurrency Network, talking about the first reactions some may have to his latest project, Augur, the decentralized, blockchain-based prediction market founded by Jack Peterson and set to launch a token crowdsale this spring. Common perceptions aside, Gardner and core developer Joey Krug are out to prove that a platform that allows participants to bet on the outcome of real-world events can be a....