The developers of a decentralized market predictions Augur has launched the second version of its platform with new features aimed at improving the experience of user interaction, increase speed and reduce costs.
On July 29, the developers have announced the launch of contracts of the second version of the Protocol in the main Ethereum and their successful verification using Etherscan. Augur is in development in 2015 and is one of the first ICO projects have attracted considerable community interest. However, the first version of the platform complicated to use and slow.
One of the most obvious differences of the second version was the transfer payments in dollar equivalent. In the first version of the denomination was carried out in air, due to which customers were exposed to risk of volatility. In Augur v2 users can use for the calculations stablon DAI.
«Because DAI is tied to the dollar and if it will stay stable, and when people bet, the payout provided to them at the end will correspond to their expectations. So it’s kind of the biggest change in v2 Augur,» said operations Director Peter Augur Vecchiarelli in conversation with The Block.
In addition, users can now run the Augur in the browser, whereas before the interaction with the platform required the installation of specialized software. «We have completely overhauled the user interface. Now it is more like what you will see on Binance or Coinbase Pro,» added Vecchiarelli.
Introduced new mechanisms that will prevent the creation of a «deliberately invalid or inconsistent markets.» It is hoped that this fraudsters will not be able to enjoy the benefits of «invalid» bids. Such rates arise, for example, when the organizer market does not specify an explicit date of its completion, adds a fuzzy description, or includes a grammatical or linguistic errors, from-for what the real meaning of written can be distorted.
Also Augur v2 introduces support for peer-to-peer network for the exchange of warrants 0x Mesh, price of the oracles Uniswap and communication Protocol Interplanetary File System (IPFS).
The REP token holders will need to exchange them for REPv2 to participate in the reporting system Augur. Therefore it is proposed to use the client Augur or custody exchanges, which agreed to support the transition. However, users are not required to exchange the tokens immediately after starting Augur v2, and it will become mandatory only in case if the market starts the process of forking.