We'll get to our latest update in a moment. First, a reminder about what the Augur Project is all about.
Well, we've grabbed Tomas (more on that below) along with a detailed road-map for building a completely new and battle tested front end. Augur has purchased the intellectual property rights to use Tradesports' new trading interface and brought its UI developer on board to head up and completely modernize Augur's front-end development.
The purchase of the interface involved transferring 100,000 REP token from the Forecast Foundation's rep storehouse to Tradesports.
Integrating a completely new UI to our back end will push back the release of our beta version from what had been the best case scenario of December 25. We want to deploy and go live as soon as possible - we'd do it today if we could - but a bigger priority is ensuring that when Augur beta is deployed, the platform is an attractive storefront that commands respect and sets the stage for later widespread use and adoption when we come out with the later, final live real-money version - that after we build it, they will come. We're more confident that will happen by incorporating a modern and well-liked UI asap.
This is big, but there's a lot more going on:
As mentioned above, we're thrilled to welcome Tomas Priecinsky to the Augur Team. He joined Intrade back in 2011, where he gained experience on how to build various UIs - simplified for basic users, advanced for real-time traders and compact for mobile devices. Then he went to work for Barclays in 2013 before coming back to the development team that previously created Intrade. Tomas was a core developer of the Tradesports fantasy sports platform. He yet again worked on real-time UIs and building multi-platform hybrid mobile applications while gaining exposure to bitcoin. He's skilled at JS, CSS, Java, SQL and various JS frameworks. He spent a few years at The University of Economics, Prague (Vysoká škola ekonomická v Praze) in the Czech Republic before moving on early to a career in programming. He enjoys sports, culture, bacon and programming.
What remains to be done:
I'm actually quite pleased with the progress so far, since at the (crowd)sale start we had none of that stuff above done and no idea on how to scale the system in an actually sustainable manner whilst maintaining rock solid incentive-compatible security.
Remains to be done:
Augur has also contributed $20,000 to an R&D project to transition the Ethereum network from a proof of work (POW) to a proof of stake (POS) system so it can operate at higher speeds, handle more transactions and thereby become more competitive with existing global financial networks and a more viable alternative to them.
Transitioning to a POS system would help us approach those levels, offering the closest thing to instantaneous speed and world-class financial network transaction bandwidth.
Augur is also funding research to develop an AI-powered decentralized reporter helper system, powered by natural language processing and machine learning, that would recommend answers to reporters based on scans of online news sources, and learn from which recommendations are accepted or rejected. The idea is to reduce the burden of reporting on what could eventually end up being hundreds of markets, and have the machinery improve its own performance by "learning" from how its recommendations are handled by reporters during each round of reporting. That research is being headed by NLP expert Petr Baudis, the mind behind Yoda Q&A, the best known open source alternative to IBM Watson.
His latest update:
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