Difference between revisions of "Augur (software)"

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{{Article for deletion/dated|page=Augur (software)|timestamp=20191130012835|year=2019|month=November|day=30|substed=yes|help=off}}
 
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{{Infobox Software
 
| name = Augur
 
| logo = File:Augur white background.png
 
| screenshot =
 
| developer = Forecast Foundation OU
 
| latest release version =
 
| latest release date =
 
| latest preview version =
 
| latest preview date =
 
| repo = https://github.com/AugurProject/augur
 
| programming language = [[Solidity]] and [[JavaScript]]
 
| operating system =
 
| platform = [[Ethereum]]
 
| size =
 
| language = English
 
| genre = [[Prediction Market]] Platform
 
| license = [[Free software]] ([[GNU General Public License|GPL]])
 
| website = {{url|https://www.augur.net}}
 
}}
 
'''Augur''' is a [[decentralized]] [[prediction market]] platform built on the [[Ethereum]] [[blockchain]] and the first [[decentralized application]] running on Ethereum to make headlines.<ref name="Internationl Business Times">{{cite_news|url=https://www.ibtimes.co.uk/ethereum-powered-augur-brings-its-beta-microsoft-azures-blockchain-cloud-1549630|title=Ethereum-powered Augur brings its beta to Microsoft Azure's blockchain cloud|date=2016-03-15|access-date=2019-11-28|website=[[International_Business_Times]]|language=en-US}}</ref> Augur is being developed by Forecast Foundation that was founded in 2014 by Jack Peterson and Joey Krug. Forecast Foundation is advised by Ron Bernstein, founder of the defunct company [[Intrade]] and [[Ethereum]] founder [[Vitalik Buterin]].<ref name="Bloomberg">{{cite news|url=https://www.bloomberg.com/news/articles/2018-07-26/as-crypto-meets-prediction-markets-u-s-regulators-take-notice|title=As Crypto Meets Prediction Markets, Regulators Take Notice|last1=Leising|first1=Matthew|date=July 26, 2018|work=Bloomberg}}</ref> The concept is based on the founders hopes that "it (is) nearly impossible for government to regulate 'prediction markets'" and their statement that "the market is not necessarily illegal."<ref name="foxnews"/>
 
 
 
After a crowdfunding in August 2015,<ref name="foxnews" >{{Cite news|url=https://www.foxnews.com/tech/new-tech-promises-government-proof-prediction-markets|title=New tech promises government-proof prediction markets|last=Lott|first=Maxim|date=2015-08-20|work=Fox News|access-date=2018-12-02|language=en-US}}</ref> the project launched in July 2018.
 
 
 
==Operation==
 
Augur allows a user to create a prediction market.<ref name="fortune">{{cite web|url=http://fortune.com/2018/07/09/augur-coin-crypto-rep-vitalik-buterin/|title=Ethereum-Based Blockchain Betting Platform Augur Just Launched. Here's Why It's Not Married to Ether|last=Shen|first=Lucinda|date=2018-07-09|website=[[Fortune (magazine)|Fortune]]|access-date=2018-07-25}}</ref>  Augur resolves these prediction markets in two stages: a prediction market stage and an arbitration stage. In the market stage users are able to trade shares between each other, while in the arbitration stage, the markets outcome is decided. In arbitration stage fees are used to subsidize the arbitration process. <ref name="AAAI">{{cite |vauthors=Fröberg E, Ingre G, Knudsen S |title=Crowdsourced Outcome Determination in Prediction Markets |year=2017 |conference=Proceedings of the Thirty-First AAAI Conference on Artificial Intelligence (AAAI-17) |url= https://www.aaai.org/ocs/index.php/AAAI/AAAI17/paper/view/14675/13807 |format=pdf |language=en}}</ref> Augur uses crypto tokens called Reputation (REP) to incentivize reporters on its network to back their reports with tokens.<ref name="Internationl Business Times"/> The reputation token holders are entitled to a percentage of the trading fees generated on the platform.<ref name="Internationl Business Times"/>
 
 
 
==History==
 
 
 
Soon after the platform launched, users had created [[death pool]]s — or [[Assassination market|assassination markets]] — on famous people.<ref name="Bloomberg" /><ref name="MIT Review">{{cite news |last1=Orcutt |first1=Mike |title=This new blockchain-based betting platform could cause Napster-size legal headaches |url=https://www.technologyreview.com/s/611757/this-new-ethereum-based-assassination-market-platform-could-cause-napster-size-legal/ |work=MIT Technology Review |date=August 2, 2018 |language=en}}</ref><ref>{{cite news |last1=Orcutt |first1=Mike |title=The latest blockchain use case: anonymously betting on public-figure death pools |url=https://www.technologyreview.com/f/611729/the-latest-blockchain-use-case-anonymously-betting-on-public-figure-death-pools/ |work=MIT Technology Review |date=July 26, 2018 |language=en}}</ref>
 
 
 
Augur's user numbers dropped off sharply after launch in 2018: from 265 daily users in early July, to 37 on 8 August.<ref>{{Cite news|url=https://www.economist.com/finance-and-economics/2018/08/09/blockchains-could-breathe-new-life-into-prediction-markets|title=Blockchains could breathe new life into prediction markets|last=|first=|date=9 August 2018|work=The Economist|access-date=2018-12-02|language=en}}</ref>
 
 
 
In July 2018, the [[Commodity Futures Trading Commission]] noted resemblance of the augur contracts to [[binary option]]s, which would fall under its jurisdiction.<ref name="Bloomberg" />
 
 
 
==References==
 
{{Reflist}}
 
 
 
==Further reading==
 
*{{cite |vauthors=Fröberg E, Ingre G, Knudsen S |title=Blockchain and Prediction Markets: An Analysis of Three Organizations Implementing Prediction Markets Using Blockchain Technology, and the Future of Blockchain Prediction Market |year=2018 |publisher=KTH Skolan för elektroteknik och datavetenskap (EECS) |url= http://kth.diva-portal.org/smash/get/diva2:1306764/FULLTEXT01.pdf |format=pdf |language=en}}
 
 
 
{{Cryptocurrencies}}
 
 
 
[[Category:Prediction markets]]
 
[[Category:Ethereum]]
 

Latest revision as of 06:04, 8 December 2019

Hurray! It looks like this article has survived the deletionist battle. Check Augur (software) on English Wikipedia.