Discuss EC-Council 312-82 Exam Topic 11 Question 4

_________is a blockchain based predictions market that uses the Ethereum blockchain.

AAugur

BIBM Blockchain

CSTEEM

DDASH

Suggested Answer: A

Augur is a decentralized, blockchain-based predictions market built on the Ethereum network. It enables users to create and participate in markets based on the outcome of real-world events, using smart contracts to automate the process and secure transactions.

Key Details:

Ethereum-Based: Augur utilizes the Ethereum blockchain to facilitate the creation and settlement of prediction markets. It leverages Ethereum's smart contracts to ensure transparency, immutability, and trustless interactions.

Decentralized Prediction Market: In Augur, users can bet on the outcome of various events, ranging from sports to elections. The decentralized nature of the platform ensures that no central authority controls the markets, providing a level of censorship resistance.

Token Usage: Augur uses a token called REP (Reputation) that holders use to report and dispute outcomes of events on the platform. This ensures that the market outcomes are validated in a decentralized manner.

Thus, A. Augur is the correct answer, as it is a blockchain-based prediction market built on Ethereum.

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31 comments · newest first

Vallie 11 months ago

IBM Blockchain? No way, that's not it!

Brice 11 months ago

Totally agree, Augur is the right answer!

Nieves 11 months ago

Really? I didn't know Augur was still a thing.

Chantay 12 months ago

I thought it was STEEM at first, but nope!

Anisha 12 months ago

It's definitely Augur, built on Ethereum!

Tamesha 1 year ago

Yeah, I’m pretty confident it’s Augur. The others don’t seem to fit the description at all.

Lura 1 year ago

I'm a bit confused; I thought IBM Blockchain was more about enterprise solutions, not prediction markets.

Arlie 1 year ago

I feel like I've seen a question like this before, and Augur definitely rings a bell as the right answer.

Tamra 1 year ago

I think I remember Augur being mentioned in class as a prediction market on Ethereum, but I'm not entirely sure.

Brice 1 year ago

Ah yes, Augur is the one that uses Ethereum, I'm pretty confident about that. The other options don't ring a bell, so I'll select A) Augur.

Johnetta 1 year ago

I'm a bit confused on this one. I know there are blockchain-based prediction markets, but I'm not totally sure which one the question is referring to. I'll have to make an educated guess.

Nana 1 year ago

Okay, let me see. Augur uses Ethereum, that much I remember. The other options don't sound as familiar to me, so I'm going to go with A) Augur.

Julianna 1 year ago

Hmm, I'm a little unsure about this one. I know there are a few different blockchain-based prediction markets out there. I'll have to think it through carefully.

Erick 1 year ago

I'm pretty sure this is Augur, the blockchain-based predictions market that uses Ethereum. I remember learning about that in class.

Rozella 2 years ago

I heard the Augur team had a pretty wild party to celebrate their launch. Guess they were pretty confident in their answer being the right one!

Carlton 2 years ago

↳ replying to Rozella

I think Augur is the one that uses the Ethereum blockchain.

Amina 2 years ago

↳ replying to Rozella

Yeah, Augur is a popular blockchain predictions market.

Estrella 2 years ago

↳ replying to Rozella

I heard about that party too! Augur is definitely the right answer.

Whitley 2 years ago

I think it's A) Augur because it's a well-known blockchain predictions market.

Chauncey 2 years ago

A) Augur

Kimberely 2 years ago

IBM Blockchain? Nah, that's more of an enterprise solution. Augur is the blockchain-based prediction market we're looking for.

Jesse 2 years ago

Haha, DASH? Really? That's like asking which cryptocurrency is used to buy illegal goods on the dark web. Augur is the clear choice here.

Laurene 2 years ago

I'm pretty sure it's Augur. Isn't that the one where you can bet on everything from the weather to the stock market?

Makeda 2 years ago

↳ replying to Laurene

Augur allows users to create their own prediction markets and bet on outcomes.

Twila 2 years ago

↳ replying to Laurene

I find it fascinating how Augur leverages the Ethereum blockchain for its predictions market.

An 2 years ago

↳ replying to Laurene

I've heard about Augur too. It's quite popular for its decentralized platform.

Malcolm 2 years ago

↳ replying to Laurene

Yes, you're right! Augur is the blockchain based predictions market.

Nathan 2 years ago

Augur, of course! I've been following their progress for years. Blockchain-based prediction markets are the future of finance.

Keshia 2 years ago

↳ replying to Nathan

I've heard great things about Augur's decentralized platform for making predictions.

Vincent 2 years ago

↳ replying to Nathan

I think Augur's use of the Ethereum blockchain sets them apart from the competition.

Andra 2 years ago

↳ replying to Nathan

I agree, Augur is definitely leading the way in blockchain predictions markets.

EC-Council 312-82 Exam - Topic 11 Question 4 Discussion