official digital currency app Trust Wallet has added staking for . The development was announced by in a blog post on April 3.
The feature — which is scheduled to be launched by by the end of the second quarter of 2019 — enables users to earn dividends or interest on their investment for validating transactions and allows them to vote on changes in the . Staking rewards are a byproduct of the proof-of-stake () consensus algorithm.
Launching the staking feature will purportedly let Trust Wallet support proof-of-stake . Additionally, Trust added support for Tezos (), and is planning to include support for staking in the Tezos on-chain governance mechanism.
In late March, Custody, which provides storage facilities for institutional investors, that it is seeking to expand its suite of services to include staking of Tezos. Through its offline storage service, investors will be able to participate in networks such as Tezos using as a regulated intermediary.
As Cointelegraph recently , XTZ had been one of the strongest in the few days prior to March 30, as its price had been buoyed by some fundamental events. The community held voting on the protocol proposal that will decide the upgrade of Tezos, and the proposal is now entering an Exploration Vote Period.
Published at Sat, 06 Apr 2019 01:47:28 +0000