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Augur Launches New Network

29 July 2020 18:30, UTC
Augur Launches New Network
By Anna Martynova

Decentralized Prediction Market Augur has released the second version of its platform. The protocol update introduces a new set of features designed to improve user experience, reduce costs and increase speed. Now, in the new version of the platform, bets calculations are converted into dollar equivalent. Consequently, traders will be able to place dollar bets on the new platform that is faster and cheaper to use.

According to an announcement on the project's website, contracts for the new version of the protocol have been launched on the main Ethereum network. According to the COO of the Augur platform, after the redesign of the user interface, no special software is required to interact with the platform. In addition, fraudsters will no longer be able to take advantage of invalid bets, as the new version adds mechanisms to prevent the creation of intentionally invalid bets.

While the second version of the Augur market prediction platform has caused a lot of buzz in the crypto community, REP has entered a correction phase. The price has dropped 25% over the past week, dropping from an annual high of $26 to $19.5. At the time of this writing, the cost of REP, according to CoinMarketCap, was $20.57.

Image courtesy of ChainNews



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