Augur Wallet Download
Augur (REP) is meant to harness the wisdom of the crowd through prediction markets on a protocol owned and operated by holders of the Ethereum-based Reputation token. In these markets users are said to be able to bet on the outcomes of events such as company performance, election results or even natural phenomena by purchasing shares that would either support or refute the proposed outcomes of such specified events. By design, the user-created markets could return fees to market participants while automating payouts using software meant to be fair, open to all, and completely decentralized.
Augur is an interesting project, and while it isn’t new it is worth looking into for its unique use of blockchain technology.
Essentially, it is a decentralized market platform for making predictions. As an ERC20 token it uses the Ethereum network to harness the “Wisdom of the Crowd” and make predictions on real world events
It’s notable that this “crowdfunding” of predictive ability has actually produced many results that are more accurate than those of top experts in the fields being predicted. Predictions are nothing new, in fact in many circles it would be called gambling, while in others it goes under the guise of “analysis”.
Augur actually goes further than this I think, and by utilizing blockchain technology, Augur aims to enable predictive communities that have greater accessibility, lower fees and greater accuracy than anything seen previously.