Privacy-Centric Particl Partners With Ledger to Introduce Cold Staking
World leading hardware wallet and security solutions provider Ledger is now fully supporting a new cryptocurrency, PART, brought to you by the open source privacy blockchain project, Particl.
This is a press release provided by Bitcoin PR Buzz
Now, using the Ledger Nano S and Ledger Live, PART is the world’s first 100% Proof of Stake (PoS) coin that can be staked to help secure the network – while leaving the funds fully secured in cold storage staking. This “Cold Staking” revelation follows PART’s mainnet release in November 2017, making it possible to participate in the benefits of staking while still maintaining the highest possible safety and security of cold storage wallets.
The Ledger Nano S fully supports this Cold Staking, keeping PART coins offline, without jeopardizing the ability of PART holders to retain active participation in voting governance and consensus provision, ensuring they get their fair share of stake rewards without the risk of keeping coins connected online.
Particl is the first pure PoS blockchain project to achieve this direct integration with Ledger’s line of hardware.
Secure your coins offline, and retain staking benefits
The Ledger Nano S is one of the world’s most popular hardware wallets, thanks to its ability to support 18 top cryptocurrencies at the same time. Users can now access Particl apps for use on both mainnet and testnet, using Ledger Live to seamlessly manage assets, including PART, across Ledger hardware.
Particl’s integration takes nothing away from cold storage security, ensuring that private keys are never exchanged between Particl-Qt client and the Ledger Nano S. PART can be stored on Ledger, with staking delegated to a cold staking node easily, giving users passive staking income without the need for complicated access steps.
A marriage of blockchain privacy and world class security
One of Particl’s missions is to develop privacy-focused dapps that will let any crypto user transact in their own crypto of choice, with the needs and requirements for privacy of utmost important. In its relatively short time of one year, Particl has pioneered a number improvements on its Bitcoin 0.16.1 protocol codebase, bringing such technological privacy upgrades as Ring Confidential Transactions (RingCT), which researchers from WSA and NJIT have fully audited and reviewed. Particl is also the only Bitcoin-based project that keeps PART coin transactions untraceable for both sender and receiver, via the use of Confidential Transactions.
Particl is developing the Particl Marketplace (now in testnet) as a Minimum Viable Product (MVP) to realize confidential eCommerce for digital buyers and sellers.
With four successful years of operations, Ledger is synonymous with highest security and infrastructure for blockchain apps and cryptocurrency projects. With four global offices in France and USA staffed by 80 professionals, Ledger focuses on developing the best solutions for consumer and enterprise needs in 165 countries across the world.
Image via Particl
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