Why Does PredicXion Use Crypto and Blockchain Technology?
PredicXion operates on Arbitrum, a proof-of-stake layer-two blockchain built on Ethereum. All transactions are conducted in USDT, a stablecoin pegged to the US dollar.
This setup provides several benefits compared to traditional prediction markets:
Why USDT?
PredicXion uses USDT for all trades, as it maintains a 1:1 peg to the US dollar. This protects users from the price volatility common in other cryptocurrencies, ensuring a stable trading environment.
Transparency
Blockchain technology ensures transparency, with all transactions publicly recorded on an immutable ledger.
Global Accessibility
Studies show that broader access to prediction markets enhances their accuracy. By leveraging decentralized blockchain technology, PredicXion eliminates the need for a central authority, promoting fair and open participation worldwide.