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Ethereum Classic (ETC) is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). It is the original version of Ethereum, which split into two separate blockchains following a hard fork in 2016, primarily due to a disagreement within the community over how to handle a major hack.
Augur (REP) is a decentralized prediction market platform built on the Ethereum blockchain. It allows users to create and participate in prediction markets on various events, enabling them to bet on the outcomes of future events and earn rewards based on their accuracy.