Augur (REP)

Augur are a Decentralized Prediction Market Platform, constructed on Blockchain technology. Prediction markets allow people to trade shares in the outcome of an event. The current marketplace price of a share is an estimate of the likelihood of a conference occurring. To build this large audience, Augur is created on Ethereum, a decentralized blockchain network just like the Bitcoin system. Utilizing this technology, our markets can effectively eliminate counterparty risk and central servers while producing a global market by using cryptocurrencies such as bitcoin.