Augur has tapped Polygon (MATIC) and Chainlink (LINK) to launch the Augur Turbo decentralized betting platform. The staff claims Augur Turbo is designed to supply customers frictionless & tremendous previous wager decision, cost-efficiency, and extra, based on a weblog put up on Might 24, 2021.
Augur Turbo Now Stay
In a bid to supply its customers a superfast and cost-efficient betting expertise, Augur has joined forces with Polygon (previously Matic) and Chainlink, a decentralized oracle community that feeds real-world information to blockchain sensible contracts, to launch Augur Turbo.
In accordance with a weblog post by the Augur staff, Augur Turbo is an extension of the Ethereum-based Augur protocol, nevertheless, the previous is designed to operate as a fast-resolving, user-friendly decentralized betting platform that comes with every day markets for sports activities, politics, crypto value predictions, and present occasions in the true world.
Augur wrote:
“Conventional betting exchanges are extremely centralized they usually impose varied restrictions on customers, together with restricted payouts and withdrawals, siphoning charges of 5-10 p.c, and limiting the kind of markets that may be created. Compared, Augur Turbo is a set of open-source sensible contracts that permits customers to create their very own markets on the blockchain to take pleasure in honest odds, low charges, permissionless entry, and assured payouts upon settlement to a worldwide viewers.”
Powered by Polygon (MATIC) and Chainlink (LINK)
Notably, the staff has made it clear that although Augur Turbo comes with an in-built human-based oracle system that makes use of a token-weighted voting mechanism with escalating dispute rounds, it nonetheless depends on the excessive scalability and throughput of Polygon, in addition to the accuracy of the Chainlink real-world information oracle to supply customers quickest settlement occasions doable.
“With Augur Turbo now reside on Polygon’s extremely scalable and fee-efficient layer-2 community, the significance of swift market settlement turns into more and more essential because it will increase each capital effectivity and betting market liquidity. Moreover, a really sturdy oracle community taking in information from varied premium information suppliers offers robust ensures across the high quality of knowledge used to find out the result of occasions like sports activities on Augur Turbo,” the staff added.
What’s extra, the staff claims that, not like real-world betting platforms the place customers’ accounts may very well be suspended simply, such a state of affairs is unattainable on Augur Turbo, as it’s fully powered by audited and safe sensible contracts. Customers from everywhere in the globe may also take pleasure in no-limit betting, low charges, frictionless betting, and extra.
At press time, Chainlink’s native crypto, LINK is buying and selling at $24.83, with a market cap of $10.60 billion. Polygon’s MATIC is exchanging fingers for $1.64, with a market capitalization of $10.18 billion, whereas the value of Augur (REP) sits at $24.68, based on CoinMarketCap.
Like BTCMANAGER? Ship us a tip!
Our Bitcoin Handle: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4
(operate(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s);
js.id = id;
js.src = “https://join.fb.web/en_US/sdk.js#xfbml=1&model=v2.5”;
fjs.parentNode.insertBefore(js, fjs);
}(doc, ‘script’, ‘facebook-jssdk’));
