More Staking in Ledger Live: Integration of Tron

04/15/2020 | Blog posts

Last year we gave Ledger Live a big update as we introduced the possibility of earning crypto rewards. Tezos was the first coin that gave users the chance to start staking in Ledger Live: users are able to receive crypto rewards with almost zero effort. Same as receiving interest on your money in the bank account.

Ledger Live’s Evolution

It all started as a simple idea… A place where you can safely store your crypto assets. Although that’s not where the story ends. We want to deliver more than just a safe place for your crypto –  we want to give you the comfort of using only one app to manage everything, and more. 

Since the end of last year, we added the possibility to grow your assets directly in Ledger Live by staking your Tezos (XTZ): let your crypto do the work for you and receive crypto rewards, it’s almost effortless. 

But that’s not the only benefit of staking your assets in Ledger Live.

What makes Ledger Live staking so special is that we ensure freedom of choice to our users as you can vote for whoever you want to. You would say that this is a standard, but that’s not the reality nowadays with most exchanges. This functionality is implemented with the use of a decentralized network, trust is everything.

A new staking option – Tron 

Start staking your Tron today, with the secured environment of the Ledger Live app.

Now it’s time for Tron and its TRC tokens to be integrated in Ledger Live. This brings the total amount to 24 coins and more than 1250 tokens for you to collect & manage on Ledger Live. 

This new integration gives you an extra option to grow your assets in Ledger Live. This is the second Proof of Stake coin that you can use directly in our app in addition to Tezos. 

Securely managing and earning your TRX has never been easier – you can now do it in one single app without the hassle of using several wallets. Just follow these 3 simple steps and you’re all set up correctly.

Of course there is the possibility of staking Tron on some exchanges or software wallets, but these platforms do not provide the same level of security and optionality as we do. Try it out yourself and experience the safety and functionality of full ownership of your coins, as you are insured by the most popular hardware wallet on the market.

More about Tron

Tron is a bit different from what we are used to when comparing it to Bitcoin or Ethereum. The Tron network is focused on transaction speed which is achieved through a Delegated Proof of Stake mechanism.

Each user on the Tron network can “vote” in order to select validators (Super Representatives) that will be making the blocks. Only 27 validators receiving a maximum number of “votes” will be “elected” and called Super Representatives – they are the block producers on the network. By making blocks those Super Representatives earn TRX that may be redistributed to voters.

All features of Tron will be available in the comfort of Ledger Live to provide you with the best experience. Learn more about Tron in our Ledger Academy.