Review on Augur by Pedro O. Alvino M.
betting platform
Augur being focused on the betting market blockchain technology has now opened the doors, through Augur, to a space where you can generate rewards through betting (and sports, politics and everything else) in a decentralized, flexible and secure way.
Bets are made by buying “shares” in a given event and the prediction itself takes the form of a price tag for each probability, showing the respective probabilities of each result according to the crowd.
Pros
- Open source project.
- Aimed at betting trading using Blockchain technology
- The betting possibilities are updated dynamically according to the previous bets.
- Innovative long term project
Cons
- Currently, centralized betting systems dominate the market.
