Wagerr is a decentralized sports betting platform powered by blockchain technology which aims to provide a secure and transparent betting experience. The Wagerr cryptocurrency (WGR) is the native digital currency used within the platform.
Wagerr enables users to bet on various sports events using their WGR tokens. Smart contracts are used to ensure that bets are placed and resolved automatically without the need for intermediaries or centralized authorities. This eliminates the risk of fraud and manipulation often associated with traditional sports betting.
The Wagerr blockchain acts as a public ledger, recording all betting transactions and outcomes. It also hosts a network of masternodes which help validate and secure the network. These masternodes are incentivized by earning a portion of the betting fees generated by the platform.
Wagerr's primary objective is to offer a decentralized sports betting ecosystem where users have complete control over their funds and bets. By utilizing blockchain technology, the platform aims to address issues such as high fees, limited betting options, and lack of transparency prevalent in traditional sports betting.
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