ShapeShift Exchange Adds Decentralized Prediction Cryptocurrency Augur
- At the same time, the Kraken Bitcoin exchange has made margin trading on Augur (REP) available for its users.
Ethereum-powered decentralized prediction market Augur is getting more and more support from leading cryptocurrency ventures after it was added on Jaxx. Now ShapeShift.io, an instant digital asset exchange for Bitcoin and other blockchain tokens, has integrated the Augur Reputation (REP) token.
Augur’s REP token is a decentralized oracle solution which allows its holders to report on the outcome of events on the prediction market platform. Each token entitles its owner to 1/22-millionth of all market trading fees in return for faithful reporting on market outcomes. REP’s market cap is now about $64.5 million, making it the 8th largest Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe asset in the world.
“Decentralized prediction markets are one of the most important applications to derive from blockchain technology,” explained Erik Voorhees, ShapeShift’s CEO. “Augur has pioneered and popularized the concept and we’re honored to support REP on ShapeShift from day one.”
Traders and developers can immediately utilize the ShapeShift website or API to convert between REP and most other leading blockchain assets such as Bitcoin, with no account or sign up needed.
“ShapeShift is known throughout the crypto space as one of the best services for digital asset users. New users will have an incredibly easy to use method to convert Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw into REP tokens and vice-versa,” said Tony Sakich, Augur’s director of marketing, “It’s wonderful to have such an easy tool to recommend novice users who are interested in REP for the first time!”
Margin trading
Kraken, one of the largest cryptocurrency trading venues in the world, has also revealed that it is now offering access to leveraged REP trading.
The exchange will offer three Augur based trading pairs (REP/XBT, REP/ETH and REP/EUR) but REP will not be a collateral currency, meaning that its users cannot open margin positions against the value of their REP balances.
Ethereum-powered decentralized prediction market Augur is getting more and more support from leading cryptocurrency ventures after it was added on Jaxx. Now ShapeShift.io, an instant digital asset exchange for Bitcoin and other blockchain tokens, has integrated the Augur Reputation (REP) token.
Augur’s REP token is a decentralized oracle solution which allows its holders to report on the outcome of events on the prediction market platform. Each token entitles its owner to 1/22-millionth of all market trading fees in return for faithful reporting on market outcomes. REP’s market cap is now about $64.5 million, making it the 8th largest Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe asset in the world.
“Decentralized prediction markets are one of the most important applications to derive from blockchain technology,” explained Erik Voorhees, ShapeShift’s CEO. “Augur has pioneered and popularized the concept and we’re honored to support REP on ShapeShift from day one.”
Traders and developers can immediately utilize the ShapeShift website or API to convert between REP and most other leading blockchain assets such as Bitcoin, with no account or sign up needed.
“ShapeShift is known throughout the crypto space as one of the best services for digital asset users. New users will have an incredibly easy to use method to convert Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw into REP tokens and vice-versa,” said Tony Sakich, Augur’s director of marketing, “It’s wonderful to have such an easy tool to recommend novice users who are interested in REP for the first time!”
Margin trading
Kraken, one of the largest cryptocurrency trading venues in the world, has also revealed that it is now offering access to leveraged REP trading.
The exchange will offer three Augur based trading pairs (REP/XBT, REP/ETH and REP/EUR) but REP will not be a collateral currency, meaning that its users cannot open margin positions against the value of their REP balances.