Wagerr Launches World’s First Blockchain Betting Protocol

Place your bets

Wagerr has launched the world’s first blockchain enabled “Direct-Chain” betting protocol. Users can safely place bets on the blockchain all over the world and reap rewards without the need for a centralized authority.

The betting application, which provides decentralized, unrestricted, and global access, is available either on a personal computer or via Android OS. By leveraging the power of blockchain dApps, Wagerr is seeking to solve betting problems such as best odds, blacklist problems, control of bettor’s freedom to maximize profits, and issues relating to restrictions in placing bets or while cashing out . Additionally, the betting fee is just 6% on winnings. The low fee ensures that the most competitive odds are offered. Half of the fee is “burned” (the outstanding supply is reduced over time). Forty percent is then distributed to the active WGR Masternodes.

Sports betting / wagerr
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Sports betting is a possible use case for Wagerr’s app. Image credit: Baishampayan Ghose/ flickr / https://www.flickr.com/photos/ghoseb/5186138071

Unique protocol

Through Oracles and Masternodes, Wagerr is able to utilize an incentive mechanism that offers an economic model to non-crypto adopters. This is useful not only for bettors but also for supporters of the network at the technical level.

Wagerr utilizes distributed blockchain technology to perform the betting contracts. This involves using escrow facilities for stakes, results verification, and pay-outs to winners. This therefore eliminates the perennial problems of central authorities as well as reducing corruption in betting. The decentralized user-to-user betting approach and the built-in mechanisms ensure rewards go to the rightful participants. The use of blockchain also helps in solving scalability concerns.

Free from all regulatory authorities, both casual players and experienced veterans have access to the inbuilt easy to use wallet which integrates advanced options. Such options include sports entertainment, multi-user betting, peerless direct chain betting and organizing the line for head to head bets.

The release of Wagerr’s blockchain-enabled betting app aims to disrupt the betting industry by positioning the company as a pioneer of technology-driven sports betting in the world.

 

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Grace Muthoni
Grace Muthoni is a Staff Writer for Block Telegraph. She is a Crypto Enthusiast and covers topics relating to the digital currencies and the Blockchain. She studied Economics and is well vested with numbers, statistical analysis, data presentation and quality content writing.

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