Augur is a decentralized Oracle and a prediction market platform built on the Ethereum blockchain. Its native token is Reputation (REP).
Augur markets have four stages: creation, trading, reporting, and settlement. A market is created based on any real-world event. Trading begins immediately after the market is created and all users are free to trade on any market. Augur’s Oracle determines the outcome of the event after the trading. Traders can close out their positions and collect their payouts.
Users make predictions and receive rewards for correct predictions through smart contracts. The market price for a prediction is used as an indicator of the probability of an event occurring, dependent on the accuracy of the crowd prediction.
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Jack Peterson
Joey Krug
Further reading
Cade Metz
Forget Bitcoin. The Blockchain Could Reveal What's True Today And Tomorrow
Jack Peterson, Joseph Krug, Micah Zoltu, Austin K. Williams, Stephanie Alexander
Augur: a Decentralized Oracle and Prediction Market Platform
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BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
Related Topics
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
EthereumEthereum is an open-source, public, distributed blockchain computing platform featuring smart contract (scripting) functionality, which facilitates online contractual agreements.
Gnosis (prediction market)Gnosis is a decentralized prediction market platform that operates on the Ethereum blockchain.
Hivemind (blockchain)Hivemind is a decentralized oracle and prediction market protocol .- Show More
Contributors
- 1
Melanie Manipula
Researcher | Writer | Former Librarian - 2
Alex Dean
Masters in Biostatistics/Epi UC Berkeley | BA in Biology Wesleyan | Blockchain enthusiast | Golden generalist | Previously: Heyzap, KPDOR - 3
Michael Naval
Golden helper - 4
Jude Gomila
Founder and CEO of Golden, Entrepreneur. Previously Co Founder of Heyzap. Investor in 100+ companies. Cantabrigian (Gonville and Caius).