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Nostr is an open-source project that aims to create a decentralized prediction market platform on the Ethereum blockchain. Prediction markets are markets that allow individuals to buy and sell shares based on the outcome of future events, such as the outcome of an election or the price of a commodity.
The Nostr protocol enables anyone to create a prediction market on the Ethereum blockchain without the need for a centralized authority. The platform uses a unique governance model where users can propose and vote on changes to the protocol, giving them a say in how the platform operates.
The Nostr protocol also includes a novel mechanism for resolving disputes, called the "Oracle Bridge." This mechanism ensures that market outcomes are determined fairly and accurately by connecting prediction markets to off-chain data sources.
The Nostr project is still in its early stages of development, and the team is actively working on improving the platform's functionality and usability. Anyone can contribute to the project by submitting code or participating in discussions on the Nostr GitHub page.