The latest in a long line of initial coin offerings, a sale held today for tokens that will power
the ethereum prediction market Gnosis is emerging as a novel entry - if not for the reason intended.
Other Headlines —
Ethereum Prediction Market Project Gnosis Sets ICO Launch Date; Blockchain Startup Wyre Acquires Remitsy for China Market Push; Polish Ministry Backs Blockchain Best Practices Proposal; Zcash Enters Top 10 Cryptocurrencies By Market Cap; Cryptocurrency Ethereum gains popularity, more Asian companies taking note; Kim Dotcom Previews Bitcache, Introduces Megaupload 2's Bitcontent; Bitcoin Mining — Retirement Plan or Missed Opportunity?
Not exact matches
Built on
Ethereum, Augur is a decentralized global platform for
prediction markets.
CoinDesk An
ethereum - based
prediction market project called Gnosis is moving forward toward its public debut.
An example is Augur, a
prediction market built on
Ethereum yet online gambling is illegal in the U.S.
Notable advisors for the team include Vitalik Buterin, founder of
Ethereum, Elizabeth Stark, founder of Lightning, and Dr. Robin Hanson, an economist at George Mason who has published works on
prediction markets.
Ethereum's boosters believe the network could someday power a host of decentralized applications — censorship - free social networks, public utility ride - hailing apps, crowd - sourced
prediction markets and investment firms, even governments.
Tech giant Microsoft has added five new services to its Azure blockchain - as - a-service (BaaS) solution, including decentralized
prediction market Augur and
Ethereum startup Slock.it.
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Both Gardner and Krug have left college to launch the six - person project, one that boasts financial support from
Ethereum creator Vitalik Buterin and the guidance of Ron Bernstein, founder of Intrade, what was until the time of its shutdown in 2013 one of the more well - known
prediction markets.
The company has instilled a new port of the
Ethereum Virtual Machine to «extend Bitcoin's capabilities to include smart contracts — allowing decentralized autonomous organizations, social networks and identity systems, programmatic escrow systems, gambling and
prediction markets.»
Augur ($ REP) is a decentralized
prediction market built on top of the
Ethereum blockchain.
While in most cases it's not a good idea to do long - term price
predictions, I do think that
Ethereum might hit a
market capitalization of 1 Trillion USD in the next 10 — 15 years.
One of the popular examples of a dApp is Augur, a decentralized
prediction market that communicates directly with the
Ethereum network, without going through intermediate servers.
China, the only news that matters now, but let's not forget there are other
markets that feed
Ethereum price
prediction as well.
So if volatility and massive gains are the way to go, investors can't really ride the wave of volatility better than by investing in ETH with the belief that its new mining systems will radically alter the cryptocurrency
market and therefore benefit the
Ethereum price
prediction.
It will initially use sportsbooks and conventional
prediction markets, but will in the future expand to decentralized
Ethereum - based
prediction markets, integrating with projects like Augur, Gnosis, and Stox.
So far, proposals are also under development from the team behind Gnosis, an
Ethereum - powered
prediction market, as well as other community groups.
Using the wisdom of crowds is recognized as one of the most accurate ways to forecast future events and as with Augur and Gnosis, WINGS harnesses
prediction markets and crowds specifically for
Ethereum ICOs.