The BitGo digital asset trust platform has launched the DASH Staking service for its secure custody platform which, according to the crypto company, allows individual investors and institutions to obtain passive and recurring income from hodlr the MasterNode cryptocurrency.
Announced this week, the BitGo crypto custody platform has launched a new Staking service for Holdrs of all types of Dash, which will allow you to earn between 7 to 13% in annual returns.
This new feature of BitGo Trust is facilitated by the company’s recent acquisition of a new Startup crypto called Hedge which is a Staking service provider.
According to crypto analysts this could pave the way for BitGo to add more cryptos with the PoS consensus method to its crypto custody service.
In statements by Ben Chan, Chief Technology Officer of BitGo, providing crypto options with Staking gives them the opportunity to choose to protect their hodls in a custody service.
BitGo’s assets are kept in custody in Cold Storage, they also take advantage of the company’s famous multisignature technology, which keeps crypto assets safe by keeping away from any cyber attack, and even physically inaccessible in case of a real-world attack. .
BitGo has already integrated Hedge’s secure solutions to its platform, such as scalability and redundancy processes, and the use of Hardware Security Modules (HSMs).
Proof of Stake (PoS) is gaining more and more traction in the world of cryptocurrencies, and a sample of them is that many of the most relevant crypto projects are gradually migrating towards this protocol – consensus method. Like Ethereum (ETH).
Unlike traditional Proof of Work (PoW), PoS rewards hodlrs with a percentage of network performance based on the amount of hodl in the cryptocurrency in question.
The integration of BitGo Staking adds to the growing list of services aimed at the Dash ecosystem that provide additional options around investment and Staking in this important altcoin.