Augur launches second version of decentralized prediction market

Augur has unveiled the second version of its decentralized prediction platform, introducing new features designed to enhance user experience, speed and reduce costs.

Augur v2 Launcheshttps://t.co/FVXKp6tksX

— Augur (@AugurProject) July 28, 2020

According to an announcement on the project site, the contracts of the second version of the protocol have been launched on the Ethereum mainnet and have been successfully verified on Etherscan.

One of the main innovations in Augur v2 was moving settlement of bets to a dollar-denominated equivalent. In the first version settlements were conducted in ETH, which increased the risk of funds loss due to volatility. Now users can use the stablecoin DAI for settlements.

In a comment to The Block, Augur’s chief operating officer Peter Vekiarrelli noted that if previously interacting with the platform required installing specialised software, after a complete overhaul of the user interface this could be done directly in the browser.

Also, the developers added new mechanisms to prevent the creation of “invalid or intentionally ambiguous markets”. Such bets arise, for example, when the market creator does not specify a clear end date, adds a vague description or includes grammatical or linguistic errors, which can distort the real meaning.

Augur v2 adds support for the 0x Mesh P2P network for order exchange, Uniswap price oracles and the Interplanetary File System (IPFS) protocol.

The Augur project has been under development since 2015. The developers unveiled the second version of the protocol in April 2019.

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