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Augur is a platform that operates on the Ethereum network. The system was created to bet on changes in the market of Reputation (REP), virtual currency of Augur.
Augur is a platform born with the intent to make market predictions, in the most truthful way possible. The founders of Augur believe that the forecasts of the experts are less reliable than the opinion that can have mass.
The Augur platform allows everyone, not only to experts, to bet on an event, paying with cryptocurrency. The vote of each is true because paid and with the possibility of making a profit.
There are many doubts about the system, since mass can not always indicate the arrival of an event.