Tron Staking Support Arrives On Ledger Live: Official

A new blog post is viral in the Tron news today, showing that the Tron staking support is officially live on the hardware wallet Ledger Live. In the blog post, Ledger Live introduced support for staking decentralized web digital token TRON (TRX). As the announcement showed, Ledger Live app users will now be able to stake TRX tokens to earn crypto rewards.

After introducing staking support for Tezos (XTZ) late last year, the cryptocurrency hardware wallet manufacturer Ledger has now added Tron staking support for the native digital token of the network, TRX. A recent announcement also shows a statement from the firm showing that it had integrated TRX and other TRC-based tokens in Ledger Live.

With the integration, Ledger Live now supports 24 coins and more than 1,250 digital tokens. Also, the integration would give Ledger Live users an extra option to grow their digital assets through crypto staking, in addition to the already available XTZ token.

Ledger’s critically acclaimed security and flexibility makes it one of the better ways to stake crypto and earn rewards on digital tokens. Now that the Tron staking support is live, the only thing which may be a disadvantage is the high transaction rate for TRON, archived through a Delegated Proof-of-Stake mechanism which makes it an attractive crypto coin to process and execute transactions at.

And for all of you who do not follow our altcoin news and rumors, TRX staking is basically a consensus mechanism which involves Super Representatives (SR) which produce block on the TRON network. In that way, voters can vote and choose the SR of their choice by using TRON Power (TP). For every one TRX frozen or staked, the user gets one TP which equals one vote for SR. The higher number of TRX a user stakes into TP, the more votes they get.

Voters then have an option to divide their votes between up to five SRs at a time. To incentivize the SRs to produce blocks, they are rewarded with TRX tokens which are subsequently redistributed to their voters. At present, the yield of TRON is around 7% minus the Super Representatives’ fees.