Description
Zeitgeist is a decentralized prediction markets protocol built on the Substrate blockchain framework, the same infrastructure used for Polkadot and Kusama. As a permissionless, decentralized Layer 1 protocol, it aims to harness collective wisdom by allowing participants to bet on outcomes, thereby stripping away bias. The platform pioneers a governance model called futarchy, where successful predictions are aligned with actionable decisions. Key innovations include ensuring market liquidity and being the first parachain project in the Substrate ecosystem to introduce Futarchy. Built on its own layer-1 chain with optimized runtime logic, it aims to be affordable even with high traffic and is powered by its native currency, ZTG. Zeitgeist also provides a scalable Software Development Kit (SDK) for anyone looking to implement their own prediction market or futarchy technology, with applications ranging from sports and politics to cryptocurrency and decentralized insurance.