There is Now now not as a lot as $100k at Stake on Ethereum Playing DApp Augur

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Tetras Capital Founding Partner Alex Sunnarborg has published that decentralised gambling platform Augur is suffering from the same lack of quantity that continues to plague the decentralized software (dApp) ecosystem at gargantuan. Reacting to the platform’s weekly report released on January 9, Sunnarborg stated that the full quantity of active markets on Augur is, genuinely, no longer as a lot as $100,000.

In the report, Augur placed the full mark of bets placed on the platform at $2,040,934.63 (13,451 ETH). This mark become as soon as completed all the blueprint in which by a complete of 1,724 markets. Writing on Twitter, nonetheless, Sunnarborg tore into this valuation, citing that it involves already concluded bets which when eliminated most up-to-date a particular image of the platform’s adoption.

DApp Hype Versus Adoption Actuality

In his Twitter post, Sunnarborg stated:

Augur metrics exhibiting ~$2m ‘complete money at stake’ consist of markets which have already ended.

If we exclude markets which have ended there could be

— Alex Sunnarborg (@alexsunnarborg) January 10, 2019

Buttressing his point about low Augur usage in but another post on the same thread, he stated:

The foremost market beingBTC market cap on 2019 year stay. pic.twitter.com/S0TQxv2j7e

— Alex Sunnarborg (@alexsunnarborg) January 10, 2019

It goes to be recalled that right here is rarely any longer the first time that the low adoption of dApps in contrast to expectations has attracted attention. In August 2018, CCN reported that the need of dApps with greater than 300 active day after day users all the blueprint in which by each Ethereum and EOS came to factual eight in complete. This came in spite of the persevered enhance of dApp type, critically on the Ethereum community, which hosts Augur. In November, Augur did file shut to $2 million in bets on the US midterm elections, but this become out to be a fraudulent crack of break of day for the platform which has no longer taken off as many dApp builders hoped it could maybe presumably.

Augur Assassination Markets Spark Controversy

Donald Trump Cryptocurrency
Augur users have placed bets on whether US President Donald Trump will likely be assassinated.

The platform has also confronted controversy relating to the desirability of its marketed absence of censorship. At initiate, Augur become as soon as marketed as a fully decentralised making a bet platform that could well presumably give users the capability to open markets on factual about any roughly bet without the possibility of elimination. Predictably, this resulted in the embarrassing look of assassination markets on US President Donald Trump and Amazon founder Jeff Bezos. The platform also recorded bets on the survival of actress Betty White and the unhurried US Senator John McCain.

Previous ethical concerns and complications explicit to Augur, Sunnarborg’s observations enhance extra questions relating to the prolonged trip usability of dApps. Some have pointed to such low person figures as proof of the basic failure of dApps to bring on their promise. Speaking in August, nonetheless, Gnosis founder Martin Köppelmann insisted that the success of dApps must not ever be measured by person numbers. Per him, the correct measure of dApps’ success lies is in what number of dApps are created and enlighten contracts from utterly different dApps.

Amidst the dearth of person enthusiasm for dApps, one rapid-witted dwelling in each place in the final few months has been TRON. In December , CCN reported that recorded over 100 million transactions in 173 days all the blueprint in which by 50 dApps and 1 million accounts. Maybe buoyed by this, TRON founder Justin Solar currently issued a taunt to Ethereum and EOS, announcing his plot to initiate a fund to poach builders from the two blockchain platforms.

Featured Image from Shutterstock

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