Particl and Ledger Team Up to Bring Cold Staking to the Nano S
Particl (PART) is now supported by Ledger Nano S and Ledger Live. PART was the first Proof of Stake (PoS) coin to offer cold storage staking - or what Particl calls "Cold Staking" - to mainnet last November.
ZUG, Switzerland, August 13, 2018 (Newswire.com) - Ledger Nano S allows up to 18 currencies on one's hardware wallet at the same time. Particl has built apps for both PART mainnet and testnet. Ledger Live is an easy way to manage the currencies on one's Ledger device, including Particl (PART).
The significance of Particl’s integration comes into play with how the Ledger Nano S is coded – no private key is exchanged between the Ledger Nano S hardware device and the client (Particl-Qt). This means that users will now be able to store funds on a hardware device, delegate the Ledger’s staking powers to a cold staking node and earn passive income from a cold wallet without any complicated extra steps to access their PART.
This integration, as it currently stands, is the first ever successful mainnet release of a pure PoS hardware cold staking setup, the ultimate solution for users looking at getting the best level of security, flexibility, and accessibility without compromising decentralization.
About Particl
Particl is an open source project building privacy-focused decentralized applications. Recently turning one year old, Particl has added a number of firsts to the protocol’s basecode (Bitcoin 0.16.1), including Ring Confidential Transactions (RingCT) which has been reviewed and audited by researchers at NJIT and WSA. Particl is the only project built on Bitcoin that uses Confidential Transactions (CT) to make PART coins sent or received untraceable. Particl Marketplace is the project’s current MVP in development — offering a confidential eCommerce option for online buyers and sellers.
About Ledger
Founded in 2014, Ledger is a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications. Headquartered in Paris, Vierzon, and San Francisco, Ledger has a team of 80 professionals developing a variety of products and services to safeguard cryptocurrency assets for individuals and companies – including the Ledger hardware wallets line already sold in 165 countries.
Visit the Particl website: https://particl.io
Particl Ledger Tutorial: https://particl.wiki/ledger
Join Particl Telegram: https://t.me/particlproject
Join Particl Discord: https://discordapp.com/invite/2tVJaZ9
Particl Reddit: https://www.reddit.com/r/Particl
Particl GitHub: https://github.com/particl
Particl Twitter: https://twitter.com/particlproject
Visit the Ledger website: https://www.ledger.com
Ledger GitHub: https://github.com/LedgerHQ
Ledger Facebook: https://www.facebook.com/Ledger
Meet the Ledger team: https://www.linkedin.com/company/ledgerhq
Ledger Twitter: https://twitter.com/LedgerHQ
Particl is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Source: Particl