Review on Augur by Gabriel Medina
Augur the reputation project
Augur is a decentralized platform that allows you to configure predictions in different markets, based on different signals and indicators. The name of the cryptocurrency comes from reputation and is precisely a means of incentive. Control the accuracy of the data through the delivery of REP tokens as an incentive to users to make corrections to the reports they consider incorrect. It consists of two bases in what is the market and negotiation in addition to the reports or reports.
Augur is a decentralized oracle and peer protocol for predictive markets. It is a protocol available free of charge for the use of any interested party. Augur is accessible through the desktop client application, similar to and interacting with a bitcoin or Ethereum node.
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Pros
- It focuses on a simple creation of decentralized predictive markets.
- Powerful and complex platform based on Ethereum.
- Very easy to participate in any of the ways.
- Cryptocurrency very easy to get.
- Many predictive markets.
Cons
- Platform that can be seen as a betting system, which implies problems at the entity level.
- It is very dependent on Ethereum.
- REP's value has been very volatile and is a high risk investment.
- The number of active users decreased dramatically.
