- We are thrilled to join Ledger Enterprise as a partner to offer staking for Polkadot $DOT. Ledger Enterprise is the leading provider of digital asset self-custody technology.
- Staking through Ledger Enterprise brings a wide range of benefits including ease of use, self-custody, state-of-the-art security, and greater governance and control. Staking also allows users to participate in blockchain governance and security, and earn rewards.
- Polkadot is the first of many planned staking offerings with additional networks coming soon.
What is Polkadot?
Polkadot is a decentralized interoperability protocol designed to facilitate secure communication between blockchains that share security. The protocol’s architecture aims to make it fast and scalable. Polkadot achieves this via parallel blockchains, known as ‘parachains’, reducing the load on the main Polkadot chain, also known as the Relay Chain. Polkadot is considered a Layer-0 protocol allowing entire blockchains to be built on top of it, unlike Layer-1 blockchains built for protocol deployment on connected layers.
What is Protocol Staking?
On a Proof of Stake blockchain, Protocol Staking is the act of locking tokens into a protocol in exchange for the right to produce a block, which in turn generates a reward. Locking your tokens is essential for the operation, security, scalability, and decentralization of the protocol.
Protocol staking through Ledger Enterprise’s platform provides the highest level of security for your assets. By staking, you will contribute to securing the network while also keeping your tokens and any associated rewards safe using Ledger’s technology.
Why Stake through the Ledger Enterprise Platform?
Staking through Ledger Enterprise gives you complete control over your assets through self custody.
While there are other staking options available, like utilizing third-party custodial solutions or staking through exchanges, these methods typically mean that you don’t truly control your digital assets.
In contrast, staking through Ledger Enterprise offers clear benefits:
- Enterprise-grade Validator Services. Figment has the most secure and reliable Web3 infrastructure built from the ground up to maximize security and minimize risk
- Convenience and Security. You can earn rewards while securely holding your tokens in your Ledger hardware wallet. You control your own private keys.
- Ease of Use. Ledger Enterprise offers a simple, easy to use interface to stake tokens and earn rewards.
- Peace of mind. By choosing Ledger Enterprise, your coins are staked in the world’s most secure environment. You can gain rewards while securely holding your crypto with Ledger end-to-end security. Introducing secure staking for enterprises.