🌐Introduction

Introduction to Popular

Popular is a fully decentralized forecasting platform. (running on the Solana chain)

What is Popular?

Popular is a unique blockchain protocol on Solana and a set of tools that enable participants to interact with the protocol in a variety of ways:

Popular Decentralized Prediction Market: The Popular Exchange is a decentralized, peer-to-peer, betting and prediction exchange built on the Solana blockchain.

Popular is a decentralized lottery protocol, owned and run by the community.

Using ChainLink to get real-time on-chain price data gives us the most accurate and comprehensive asset price data in the crypto market. ChainLink VRF random number support.

Why Solana?

Popular is built on the Solana blockchain - the fastest and cheapest blockchain available.

Solana is a fast, secure and censorship resistant blockchain that has an open infrastructure well suited for global adoption. It is also the only blockchain capable of rivalling the speed and throughput of Web2 exchanges (400ms block times, up to 65,000 transactions per second). Compared to other blockchains such as Ethereum, Solana’s transaction costs are miniscule (<$0.0002 currently).

What are the advantages of Popular?

Automated Payouts: With Popular being powered by the Solana blockchain, payments are automated and don't require any intervention from Popular or any other individual or organization. This makes it much easier to manage and ensures seamless transactions.

Privacy-Preserving: The use of blockchain technology in Popular ensures that transactions are secure, anonymous and immutable. This means that your transactions are private and cannot be tampered with, giving you added security and peace of mind.

Economic Incentive to Seek Truth: With blockchain-based prediction markets like Popular, there is an economic incentive for individuals to seek the truth because they can earn rewards for accurate predictions. This incentivizes users to do their best to make accurate predictions, ultimately leading to better information and outcomes.

Best Odds and Lowest Fees: Popular offers users the best odds and lowest fees compared to other prediction markets. This means that users have the potential to earn more, while also keeping more of their earnings due to lower fees.

How does Popular work?

Popular's protocol is an open and decentralized program on the Solana blockchain.