Coinbase Adds ADA Staking
Coinbase Will Allow ADA Holders to Stake Their Coins
Cardano is updating its proof of stake model
Staking allows users to receive rewards
International consortium news organizations, developing transparency standards.
As part of a virtual summit hosted by Cardano, IOHK announced a partnership that will allow ADA holders to stake their coins safe and reliable way thanks to the institutional storage service.
In the fourth quarter of the current of the year ADA holders will be able to keep their assets through the Coinbase Custody division at the institutional level in the form of secure cold storage with the possibility of staking.
Cardano is currently in the process of updating its Proof of Stake (PoS) model. Thanks to this consensus mechanism users will be able to stake. Blockchain-the protocol gives the right to ratify the next block in a random mode in proportion to the number coins stored by the user. Than more coins participates in staking, themes above chances of getting into the next block approval.
Thanks to staking, users who are not available mining, will be able to contribute your contribution to the network in a relatively easy way and get paid.
but despite to engage ADA at Coinbase Custody, leading cryptocurrency exchanges Coinbase and Coinbase Pro do not support the token growth use cryptocurrencies appear new types of tokens. They are may personify value or something intangible like, eg, vote. Two… More.
Coinbase recently released a list of 18 pending coins for adding on the company’s exchanges. IN this there was no ADA list. On today’s day, the only coin from of this list that was added – COMP, ERC-20 token that controls the protocol Compound.
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