Particl and Ledger Team Up to Bring Cold Staking to the Nano S
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The Ledger Nano S fully supports Particl Cold Staking; securing user’s PART coins offline while still being able to 1) actively participate in voting governance and 2) provide consensus for stake rewards. Particl is the first pure PoS project to integrate offline staking directly into Ledger devices.
Ledger Nano S allows up to 18 currencies on your 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 your 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.
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