Wagerr (WGR)

Proof of Stake

WGR uses a proof of stake system, this utilises coin age (or weight) in that the longer the address holds the coin on the network and they are unspent, the higher chance of a reward, there is a certain amount of randomization to this too.

Coins in large blocks that have been unspent start to compete with other wallets and coin weights for the next block, when a block is found a reward is sought. As you are supporting the network and verifying transactions, you are therefore rewarded in ‘stakes’.

Once a ‘stake’ is sought, or rewarded to your wallet, the coin age resets to 0 and the process begins to competing for the next block again. This allows others a chance to gain a reward and keeps the network active.

Earn WGR with Staking

Anyone holding Wagerr cryptocurrency (WGR) can earn more WGR by staking their coins.

Stake your coins means running a Wagerr wallet which automatically helps secure the Wagerr network. The staking wallet gets “stake rewards” paid in WGR. The more coins you stake and the longer you stake, the more rewards you get!

Batches of transactions called “blocks” are added to the chain every 60 seconds, and each time a new block is added, a block reward is minted. The total reward is 3.8 WGR:

• 25% of the reward goes to a staking node (0.95 WGR)
• 75% of the reward goes a masternode (2.85 $WGR)

To earn staking rewards, you must have the latest Core or Electron wallet and your wallet must be unlocked and connected to the network at all times.

For more information on how to set up staking, read here.