Keep your eyes open for major updates about the Wagerr Network in the coming months! The whole team has been working hard behind the scenes on multiple additions and improvements to the Wagerr Ecosystem. These include blockchain feature updates, a new website, international partnerships with major players in the Sports Betting Industry, and much much more! If you're a fan of Wagerr, you will NOT be disappointed!
Let's kick things off with a reveal of milestones scheduled over Quarter 1, 2019.
The Modern Wagerr wallet based on standard HTML5 technologies will replace the Qt wallet, expanding functionality and dramatically improving the user interface. The new desktop wallet uses a current HTML5 framework—a standard set of powerful, extensible libraries more relevant to today’s application needs—to communicate directly with an updated Wagerr Core, which runs in the background.
Beyond the Wagerr ecosystem, the updated wallet is a crypto industry first. In addition to Wagerr’s innovative on-network betting functionality, the development of a Modern Wallet also required distinct architectural improvements not found in other coin wallets. Graduating beyond the Qt, HTML5 combines enterprise level power with the flexibility of a modern application framework and slick user interface. More than just a wallet, its extensibility frees developers to custom design an interface that is purpose-built for sports bettors.
Beautiful and user-friendly, the Modern wallet enhances the betting experience while handling all the basics like coin management and masternode control with ease. Users will be able to adjust such preferences as localized event times and their desired odds display format.
Advanced betting categories
By standardizing blockchain betting protocols, Wagerr introduces an array of betting options for future sports markets and lays the groundwork for decentralized event posting and results:
- Money line
Future-proof WGR by increasing scalability
New protocols will offload data-intensive demands to a second layer network, ensuring consistent high-speed performance throughout the betting cycle. From event creation to betting to resulting and payouts, WGR is being engineered to handle massive event and betting volume. Bring it!
Dynamic Odds Balancing
For Direct Chain betting, the Wagerr network will limit its liability through a self-regulating protocol that will encourage betting on the other side when the book becomes unbalanced. Dynamic Odds Balancing protocol minimizes network payout liability and attracts traditional sports books to arbitrage their own imbalances by offloading liability to the Wagerr network.
Games on the Wagerr blockchain
From the start, WGR was built for sports betting. But the experience facilitated by the technology is just too good to stop there. Wagerr will be adding more ways to play, directly on the blockchain, starting with a weekly 50 / 50 Raffle.
Here’s how it works. Buy-in with WGR. The blockchain picks one winner by a provable fair selection process. The winner gets half the pot! Of the remaining 50%, 48% gets burned and 2% is distributed to Oracle Masternodes (OMN). It’s fun. It’s deflationary. It’s on-chain. And it’s another great reason to run an Oracle Masternode.
Just Getting Started
We’re not stopping there. Beyond continual betting, payment protocol, and wallet refinements, there’s a lot to look forward to later in 2019. Noteworthy innovations in betting and resulting are on the horizon, with new betting formats, decentralized Oracles and more on-chain games. And expansion into new markets through strategic partnerships and broader marketing means Wagerr enthusiasts will find new ways to win.