Ethereum prediction platform Augur partners with Azure to launch Beta testing

Rage Review : Augur platform is built on Ethereum smart contracts and improved on this basis, which improves the security, transparency and speed of the platform. The Beta version features a completely newly developed user interface and a processing speed 75 times faster than the previous Alpha version. It provides an enterprise-level API that allows companies to develop their own platforms based on their own applications. It brings more secure, convenient and autonomous applications to enterprises. After all, the development of blockchain technology is still imperfect, so related technology companies may need to learn from each other and work closely together to develop applications suitable for enterprises.

Translation: Annie Xu

Augur, a decentralized prediction market platform, collects relevant information by rewarding those who accurately predict the market. After seven months of core technology development, it announced the official start of Beta testing.

Ethereum-based services

Augur has partnered with Microsoft Azure, the tech giant’s Ethereum-based “blockchain as a service”, to release its application on a decentralized, smart contract platform. Because most of the Augur platform’s program execution involves smart contracts, including the betting process and bonus distribution, its team decided to release the application on the Ethereum platform to improve operational efficiency, transparency, security and scalability.

“The main difference is that we have carefully tuned the smart contracts so that Augur can easily scale to billions of messages.”

Augur's Beta version features a completely newly developed user interface, which they claim is 75 times faster than the previous Alpha version. The application itself has also been redesigned to allow users to generate and process bets faster. With the experience of the TradeSports and InTrade front-end development teams, Augur's Beta version fully demonstrates that minimal redesign can successfully optimize user experience and website performance.

Total Solution

The startup has introduced a host of new features, including a combined solution for Ethereum key import and export, the option to generate multi-option and digital markets, trading indicators, and a simplified user tutorial.

Augur provides an enterprise-level API through Microsoft Azure platform for companies willing to operate an internal version of the application. After the Augur API is implemented, companies can integrate Augur applications into existing internal platforms, and users can directly process decentralized gaming programs with their own applications.

Marley Gray, Director of Cloud Computing at Microsoft

Marley Gray, director of cloud computing at Microsoft, said:

“Augur will be launching a complete solution package on Azure for enterprises that are willing to run an on-premises version of the platform. Enterprises may not want to make their markets public or do not want to bear the compliance costs of operating a public market.”

In the next few months, the Augur team plans to release a new version of the Augur working document to explore the use of market-oriented defense and fault protection mechanisms to reduce system attacks, hacker intrusions and data leaks. The improvement of core technology and the optimization of the overall system will make users' gaming on the Augur platform more efficient and safer.