Binance’s official digital currency wallet app Trust Wallet has added staking for cryptocurrencies. The development was announced by Binance in a blog post published on April 3.
The staking feature — which is scheduled to be launched by Binance by the end of the second quarter of 2019 — enables users to earn dividends or interest on their investment for validating transactions and allows them to vote on changes in the blockchain. Staking rewards are a byproduct of the proof-of-stake (PoS) consensus algorithm.
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