<a href="https://www.cryptoknowmics.com/glossary#hardware-wallet">Hardware wallet</a> company Ledger has introduced staking for Solana (SOL). Users can now directly stake SOL from the Ledger Live dashboard with ‘Ledger by Figment’ staking nodes.
<h2><strong>Solana Staking Now Available on Ledger</strong></h2>
The new staking feature is enabled on the Ledger Live application in collaboration with the blockchain service Figment, which provides nodes for staking using the Ledger validator.
<blockquote><em>“We are thrilled to partner with Ledger, a leading hardware wallet provider. Through this partnership, we are excited to bring staking to the Ledger Live dashboard with ‘Ledger by Figment’ staking nodes, starting with staking support for Solana $SOL,”</em> the <a href="https://www.figment.io/resources/solana-staking-is-now-available-on-ledger-live" target="_blank" rel="noopener">announcement</a> statement reads.</blockquote>
Along with Solana, the latest staking feature joins six proof-of-stake cryptocurrencies already available for staking on Ledger Live, including Ether (ETH), Tezos (XTZ), Polkadot (DOT), Cosmos (ATOM), Algorand (ALGO) among others.
<h2><strong>Staking through Ledger Brings Wider Benefits</strong></h2>
Staking via hardware wallets, as opposed to crypto exchanges, allows investors to truly own and control their crypto holdings, as well as the ability to choose a validator

In this regard, staking through the Ledger brings a wide range of benefits such as ease of use, self-custody, security, and coverage in addition to allowing users to further participate in the blockchain ecosystems, and earning yield.

Hardware Wallet Ledger Adds Support for Solana Staking

Ledger has introduced staking for Solana (SOL), allowing investors to earn SOL by committing the cryptocurrency to support the Solana network.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Hardware Wallet Ledger Adds Support for Solana Staking

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