The dynamic account: The permissions application provides the

users with the ability to control an account by making use of any

weighted combination along with the use of the private keys. The risks

associated with the security are eliminated made sure with this feature.

In recurring and scheduled payments, there is built-in support for

recurring payments along with the subscription payments in the

application. With the withdrawal limit applied, the withdrawal of the

payments can also be scheduled as per the start and finish dates.

The users are provided with a fast and smooth trading platform

through decentralized asset exchange.

The other features offered by the application are industrial performance and

scalability, stakeholder-approved proj ect funding, user-issued assets,

transferable named accounts, and delegated proof of stake consensus. Proof

of stake is a feature associated with the application in which the validators

will keep their own accounts at stake at the time of validating a transaction

and are involved as the owner of accounts. The validator will lose his own

account, which does not have any impact on the rest of the transactions and

accounts in case of failure.

Decentralized storage of files: Another domain associated with Bitcoin is

known as decentralized file storage, under which Augur is developed as one

of the applications.

Augur is a decentralized prediction market in which the users are provided

with the ability to purchase and sell their shares on the basis of the

anticipation of an event and the associated likelihood of an outcome that

will come up as a result of the event. The application can be used for the

purpose of financial forecasting on the basis of the wisdom of crowds.

The features associated with the application are as follows:

As political knowledge can be transformed into predictive power with

this application, political forecasting can be carried out. The

application can make the outcome of the elections and other political

events.

On the basis of the likelihood level attached with each of the events,

such as natural calamities, market crashes, and so on may be hedged

upon, event hedging is one of the use cases of the application.