Augur (software)

Augur
Developer(s) Forecast Foundation OU, Jack Peterson, Joey Krug
Written in Solidity and JavaScript
Platform Ethereum
Type Oracle & Prediction Market Platform
License Free software (GPL)
Website www.augur.net

Augur is a decentralized oracle and prediction market platform built on the Ethereum blockchain that was founded in 2014 by Jack Peterson and Joey Krug. At its founding the project included Intrade founder Ron Bernstein, Robin Hanson, and Ethereum founder Vitalik Buterin among its advisers.[1]

In April 2015, Augur's first contract was uploaded to the Ethereum network.[2] The first beta version was released in March 2016.[3] In October 2016, all the reputation tokens that were for sale during the 2015 crowdfunding campaign were distributed to their owners on the live Ethereum network and the two largest cryptocurrency exchanges, Poloniex and Kraken, added support for these tokens on their trading platforms.[4] The project was delayed until it was launched in July 2018.

Because it is decentralized, Augur allows any user to create a prediction market, unlike betting exchanges like Betfair which only allow betting on questions that are chosen by the site.[5]

Augur cofounder Joey Krug has acknowledged that the Ethereum network's current technology has scalability issues, saying "It’s pretty obvious Ethereum today doesn’t scale. We’re okay with that. It’s good to have slow growth and make sure there’s not security vulnerabilities. It’ll be a few years before Ethereum will be scalable.”[5]

References

  1. ↑ Rizzo, Pete (March 1, 2015). "Augur Bets on Bright Future for Blockchain Prediction Markets". Coindesk.com.
  2. ↑ Hertig, Alyssa (2015-04-21). "Augur Creates First Contract with Ethereum". CoinTelegraph.com.
  3. ↑ Rizzo, Pete (2016-03-14). "Blockchain Prediction Market Augur Enters Beta". Coindesk. Retrieved 2016-08-06.
  4. ↑ EconoTimes. "Cryptocurrency exchange Kraken adds support for Augur's Reputation tokens - EconoTimes". EconoTimes. Retrieved 2016-10-11.
  5. 1 2 Shen, Lucinda (2018-07-09). "Ethereum-Based Blockchain Betting Platform Augur Just Launched. Here's Why It's Not Married to Ether". Fortune. Retrieved 2018-07-25.
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