Particl And Ledger’s Partnership Will Bring Cold Staking To The Nano S: The First Pure PoS Hardware Cold Staking Setup
At the moment, Particl became the very first Proof-of-Stake project that includes offline staking straight into Ledger devices.
Particl (PART) was the very first Proof-of-Stake coin that offered cold storage staking to its main net back in November 2017.
Particl’s Cold Staking is now also supported by Ledger Nano S and Ledger Live. The Ledger Nano S is securing users’ PART coins offline while at the same time still providing the ability to actively participate in voting governance and provide consensus for stake rewards.
Particl project creates decentralized apps
Particl is an open-source project that’s focused mainly on creating privacy-focused decentralized apps.
Particl managed to add in about a year many innovations to the protocol’s basecode which is Bitcoin 0.16.1 which include Ring Confidential Transactions.
The protocol’s basecode was been reviewed and audited by researchers at NJITand WSA.
It’s also important to mention that Particl Marketplace is the project’s current MVP in development which offers a confidential eCommerce alternative for online buyers and sellers.
Ledger is a leader in cyberspace’s security
Ledger was founded in 2014, and it’s managed to become a leader in security and infrastructure solutions for cryptos and blockchain apps.
Currently, a team of 80 experts is working to develop various products and services to provide enhanced security for crypto holders. The Ledger hardware wallets line already sold in 165 countries.
Particl’s integration into Ledger Nano S is highly important
The Ledger Nano S can store 18 cryptos on your hardware wallet at the same time, and the Ledger Live is a really straightforward way to manage cryptos on your ledger device, and now it also includes Particl’s PART.
Particl built applications for both PART main net and test net.
The Ledger Nano S is coded in such a way that no private key is exchanged between the Ledger Nano S hardware device and the client Particl-Qt. In other words, users will have the ability to perform the following actions:
- store their crypto on a hardware device
- delegate the Ledger’s staking powers to a cold staking node
- earn passive income from a cold wallet
All these actions will be performed without the need for more complicated steps to access their PART currency.
Such an integration is the first successful main net release of a pure PoS hardware cold staking setup.
Particl has just been officially integrated on the @LedgerHQ Nano S…with COLD STAKING functions ENABLED! Hardware cold staking is a crypto first and effectively makes Particl the world's most secure #ProofOfStake protocol!
— Particl [PART] (@ParticlProject) August 7, 2018
This is the best solution for users who desire the highest level of security, accessibility, flexibility, and all of these while not compromising the most important features that should characterize cryptos – decentralization.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.