Wagerr released the Wagerr-Lite wallet in the last update, we also
reported that the dev team had identified a security challenge. To
address it, we brought in one of the top blockchain security
consultants. Following the review, Wagerr has revised the roadmap to
make the necessary changes in design.
The main challenge facing developers is that the original architecture
was designed to accommodate a much narrower vision and scope for Wagerr,
with a focus on P2P contracts of real-world events. The overwhelming
enthusiasm during the ICO, however, afforded us the opportunity to
expand our vision. Thanks to the additional resources and user base, we
broadened the project scope to include fantasy leagues, e-sports, and
live in-game betting.
To achieve our new goals, the original prototypes for Wagerr must be
discarded and replaced with more complex architecture. This change in
design requires us to reboot development and make new hires, and we are
currently in the process of onboarding two additional C++ blockchain
Consequently, we anticipate a 3-6 month delay of some near-term targets.
On the bright side, the team has reconceptualized the sequence of the
roadmap, allowing us to achieve some components sooner than originally
anticipated. Furthermore, we believe the overarching targets are still
One crucial and exciting component we intend to launch on schedule is the Wagerr mainnet.
This means Wagerr holders will be able to operate Masternodes and earn
Wagerr for staking coins as soon as the mainnet starts! However, betting
and Oracle functions will not be available, but will instead remain
sandboxed in a limited testnet, which will launch and run in parallel.
Our target for mainnet+testnet is January 15.
Expanding public relations
Wagerr is excited to announce it is seeking a Community Ambassador to
develop and cultivate the Wagerr community and to build positive
industry relationships. The position will foster a supportive and
growing community, raise Wagerr’s profile across the media,
cryptocurrency, and event forecasting industries, and promote Wagerr as
it develops and grows.
As we scan the regulatory environment, it becomes even clearer to the
Wagerr Team how important a decentralized solution for sports betting
really is. Rumors about China's regulation of digital currency
exchanges, for instance, cracked the price of Bitcoin in days.
Sports betting is one industry where government regulation always means a
shift in the answer to the question of who is abusing the power. The
Wagerr team is more committed than ever to delivering the secured
trustless system that disrupts autocratic centralized abuses of power.
Betting belongs on the blockchain for good reason.
Have fun and good luck!
The Wagerr Team