Augur mainnet faces some harsh criticism

10 Jul, 2018
by David Robb
Augur mainnet faces some harsh criticism

After the successful launch of its mainnet today, Augur has come in for some serious criticism. Users have complained about the difficulty involved with using the system, which is intended as a decentralized prediction market platform. 

The platform enables users to make predictions about any event, and then for others to buy shares in the outcome. It also has its own native token, REP. This seems on the surface like an easy and fun way to make money, but users have been struggling so far.

The cost of transactions and setting up a market have been criticized as excessively high, which will limit the appeal of the platform and restrict it to wealthier investors. 

Much like with the recent EOS mainnet launch, there have been questions raised regarding the level of decentralization involved. This affects how users set up a market in the first place, as well as how the outcomes of predictions are decided. 

The general difficulty of the platform has been the main theme of the criticisms. 

For their part, Augur has recognized some of these technical difficulties, advising users to "hang tight" while these early teething problems are solved.Any issues can be addressed to the Github page.

Follow Chepicap now on Twitter, Telegram and Facebook!

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage