Over 15% of the world’s crypto assets are secured through Ledger Nanos. If you are ready to stake SOL to your ledger today, users can follow along this guide.įounded in 2014, Ledger is the global platform for digital assets and Web3. Ledger hardware wallets allow you to securely stake up to 7 coins simultaneously. You can have a look at more precise data right here. Only you have the possession of your cryptocurrencies. You can gain rewards while securely holding your crypto in your Ledger hardware wallet. By choosing Ledger validators, your coins are staked in the world’s most secure environment. Learn more about our infrastructure here. Figment has the most secure and reliable Web 3 infrastructure built from the ground up to maximize security and minimize risk. In contrast, staking through Ledger has clear benefits: Sometimes these staking solutions also have drawbacks such as complexity, security flaws, and lockup periods. While there are other staking options available, like utilizing third-party custodial solutions, or staking through exchanges, staking through these methods typically means that you don’t truly own and control your digital assets.
LEDGER LIVE COINS FULL
Staking through the Ledger Live app gives the user full control over their assets through self custody. Staking your tokens allows you to earn new issuance (also known as inflation) subsidies, and fees generated from the network.įor more information on Staking, check out Part 1 and Part 2 of our educational video ‘Wat Dat?’ series. Locking your tokens is essential for the operation, security, scalability, and decentralization of the protocol. Tokens can be staked, or locked into a protocol in exchange for the chance to produce a block, which in turn you receive a reward. Staking is a way to earn rewards by securing tokens on a Proof of Stake network. If you have substantial assets on an exchange, we strongly suggest self custody your assets on a ledger hardware wallet. There are many examples of this happening in the past. If the exchange is compromised, your assets can be irrecoverably lost. Keep in mind, If your assets are on an exchange, the exchange controls your assets and gives you permission to move those assets off of the exchange. Ledger has a blog post here on the best way to store your private keys. It is very important to keep this private key written down, and stored safely offline. Self custody means that the owner(s) of digital assets control the private key that enables the transfer of their digital assets.
As a user, it is important to use a Ledger hardware wallet to self custody your assets.
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