Augur is a decentralized network which makes it possible to create prediction/forecast markets. Its operation is based on the Ethereum blockchain. Any user can open a predictive market by investing tokens. Then, the creator is rewarded if their prediction is correct, via a percentage of the costs generated. The Augur network is therefore inspired by betting platforms but the blockchain makes it possible to record a greater number of participations and predictions. In addition, users can create any bet on Augur without it being validated by a central body. All other members will be able to participate, at relatively low cost.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!