Augur, the blockchain prediction market platform, enters beta testing phase

Rage Review : Augur may be one of the most popular projects in the blockchain open source community since Ethereum. It can realize the prediction market platform based on Ethereum blockchain technology in a decentralized way. In 2015, like Ethereum, it completed a global crowdfunding, raising about $5.2 million worth of Bitcoin at the time. Since Augur is also built on Ethereum technology, if it can achieve significant success, it may continue to establish Ethereum's solid position in the infrastructure of the blockchain industry. In 2016, we may see more Ethereum-based projects such as Auger, DAI Bond, Slock.it, etc. emerge one after another.

Translation: Annie Xu

The decentralized blockchain prediction market platform Augur has officially entered the testing phase.

Augur was founded in early 2015 and has grown rapidly through a public sale of software tokens. The platform aims to support users to choose corresponding transactions based on event results analysis and help the market utilize human collective wisdom.

Augur has since opened its doors to its first users, claiming that the platform has an advanced front-end design and will enable the development of markets beyond simple binary “yes or no” formats.

Augur will soon release a working draft of the project and incorporate the REP currency project, which was publicly sold in 2015, into the company's four-phase deployment.

Core developer Joey Krug said:

“We hope to use this beta version as an iterative testing platform before the release. It consists of three stages: the first stage is a limited function buy and sell order system; the second stage is to join the consensus mechanism and the support mechanism for event result resolution; the final stage is the official REP issuance test.”

Joey Krug

Augur was co-founded by Joey Krug and Jack Peterson, aiming to break through the barriers of past prediction markets with a decentralized design.