THELOGICALINDIAN - The cryptocurrency asset barter ShapeShiftio has appear it will accommodate the Augur Reputation REP badge Now barter about the worldcanpurchase and advertise the aboriginal answer cryptocurrency
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ShapeShift.io Will Now Support Augur’s REP Tokens
On October 12, ShapeShift appear it will support decentralized anticipation bazaar Augur’s built-in token. Popular exchanges and the wallet Jaxx also aloof added the cryptocurrency. ShapeShift users can bandy their absolute tokens for REP, or barter it for dozens of blockchain assets on the platform.
The REP badge is the aboriginal decentralized “oracle” solution — meaning it can advice users adumbrate outcomes on the Augur platform. This includes about annihilation addition wants to predict, from elections to sports amateur and more. Augur says anniversary REP is 1/22-millionth of all bazaar trading fees. In turn, these will accumulate anticipation advertisement faithful.
ShapeShift CEO Erik Voorhees explained during the advertisement that anticipation markets are actual important derivatives with blockchain technology. “Augur has pioneered and affected the concept, and we’re accustomed to abutment REP on ShapeShift from day one,” he said.
Augur said users will demand REP because the badge is the alone way to access bisected fees on the Augur platform. Alone 11 actor REPs will exist, and developers affirmation they accumulate “consensus of honest transaction validators.” Augur acceptability buying enables the appropriate to be adored for accouterment accepted abstracts to the platform.
Augur’s administrator of business Tony Sakich said the aggregation is captivated to be on the platform.
Ethereum Asset Issues
The day afterwards the announcement, ShapeShift explained there accept been issues with all Ethereum-based assets. Over the advance of the accomplished few weeks, Ethereum has suffered attacks on its network. ShapeShift noted the attacks are “changing and evolving, and as one agent is fixed, others are opened up.” Reportedly, this has alike led Ethereum developers to consider another adamantine fork.
Shapeshift says that anyone acclimation Ethereum and their tethered assets Reputation REP, Digix DGD and SingularDTV SNGLS may acquaintance cogent delays. The multi-currency belvedere explained that generally, affairs can take hours and alike canicule to confirm. For now, the company said they will keep all Ethereum markets open, but asked users to note current adjournment times. The aggregation says funds won’t be lost, but they may not access as fast as barter would like.
Never a Dull Day in Crypto-Land
The company still believes in Ethereum’s abeyant and is assured the arrangement will “emerge stronger.” It is aflame to host REP tokens on the platform, and looks advanced to developers absolute the issues. The crypto-asset platform said the attacks adjoin Ethereum are a all-around issue, but it believes the association is alive on the best solutions.
For now, though, users can barter Augur’s REP tokens on ShapeShift and the aggregation said, “there is never a addled day in crypto-land.”
What do you anticipate about ShapeShift acknowledging REP tokens? Let us apperceive in the comments below.
Source: Blog and Press Release
Images via Shapeshift, Ethereum, and Shutterstock.
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