Episode 15 of Blockchain Token – What is it? features Augur. In this series, we will cover the different types of blockchain platforms and cryptocurrencies on the market right now. We’ll give you a quick description of each blockchain/token, its function, who is their competition and where you can learn more.
Augur is a decentralized network, using peer-to-peer technology, that works to accurately predict events. The prediction market is built on the idea that you can bet on the outcome of certain events, and the groups predictions will likely be more accurate than an couple individuals. And you are rewarded for betting on the correct outcome of the events, building reputation & promoting likely predictions. The integrated rewards and reputation system for accurate predictors, and reporters too, allows incentive for participation and accurate forecasting of events.
We have more info on Augur in our resource page, where you can find more in-depth written descriptions & links to a bunch of resources and Augur communities.
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