Gnosis GNO
$302.64 1.41%
Latest Updates
Updated at 14:24$783,709,188.38
#94
$14,169,277.81 2.18%
-$4.2684 1.41%
-$48.125 15.90%
What about Gnosis?
Gnosis (GNO) is a decentralized prediction market platform hosted on the Ethereum blockchain. It's a platform that enables the creation and trading of prediction markets on various topics.
One of the distinctive features of GNO is its ability to facilitate continuous trading. Unlike traditional prediction markets that close before outcomes are decided, Gnosis markets remain open until their outcome is determined. This allows traders to buy and sell predictions based on the current market sentiment.
Another unique feature of Gnosis is its use of an oracle system. Instead of relying solely on user input to determine whether or not a prediction has come true, a neutral third party reports the outcome in real-time.
Finally, GNO provides users with access to custom-made integrations with web services like Slack and Google Sheets through its API.
To participate in Gnosis, a user needs to buy GNO through crypto exchanges. This can be done by trading digital assets, such as Ethereum (ETH) or Bitcoin (BTC), for GNO tokens.
GNO has demonstrated itself as a capable player within the blockchain space combining decentralization with user-centric features. While still nascent when compared to established platforms like Bitcoin or Ethereum itself (technically built upon), Gnosis has shown early adaptability and innovation, making it worthwhile considering investing purposes.
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