RATE Group | Ledger now lets you earn cryptocurrency while you sleep
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Ledger now lets you earn cryptocurrency while you sleep

15 Dec Ledger now lets you earn cryptocurrency while you sleep

Posted at 12:45h in Cryptocurrency News by

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Cryptocurrency hardware wallet Ledger will now let you passively earn cryptocurrency, through a process known as staking. Ledger has today added the service to its Ledger Live platform‚ an online portal for managing cryptocurrencies.

Staking is a process where users lock up some of their funds as collateral in exchange for helping to run a proof-of-stake blockchain network. In return, new coins are created daily and are rewarded proportionally to those who are staking their coins.

Ledger has added Tezos as the first coin for this service. Tezos is a proof-of-stake cryptocurrency that’s focused on bringing governance to the blockchain.

In recent months, crypto exchanges including Binance and Coinbase have added staking services on their exchanges, staking users coins on their behalf and handing out the rewards. In a statement, Ledger said it largely wants to do the same, but with a few added features.

“Ledger offers users more control over staking: Unlike on exchanges where users…

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