Augur

February 11, 2018 by admin 1 comment

IOTA & the difficulty of testing blockchain apps

Over the weekend Andreas Brekken published a lengthy post denouncing IOTA, which had previously received a lot of hype as a cryptocurrency for Internet of Things (IoT). Brekken, who named his blog Shitcoin, concluded that “IOTA cannot be used for Internet-of-Things devices. Or anything.” Damn. I’ll comment on Brekken’s analysis, but I also want to use this post…

ICO crackdown likely in 2018

An ICO (Initial Coin Offering) is a new way for startups, particularly blockchain-based ones, to raise money. It’s an ingenious method of both raising money and incentivising people to use your product. The problem is, ICO valuations have risen to absurd levels. Also many ICOs don’t bear close scrutiny, which will be a problem when…

Betting on Augur

Augur is a good way to begin my ongoing series of blockchain startup profiles, because this project started well before the ICO craze of 2017. Indeed, it was one of the first independent Ethereum projects to get off the ground. Augur is a prediction market tool built on the Ethereum blockchain. It was founded in 2014, with the goal…