The ‘staking‘ feature – that is expected to be launched by Binance by end of the Q2 of this year – permits users to earn dividends or interest on their investment for verifying transactions and permits them to vote on changes within the blockchain. Staking rewards are a byproduct of the. PoS [Proof-of-Stake] consensus algorithm.
Launching the staking feature can supposedly let Trust Wallet support PoS [Proof-of-Stake] crypto-currencies. In addition, Trust wallet added support for Tezos [XTZ], and is planning to embrace support for staking within the Tezos on-chain governance mechanism.
Earlier in March, Coinbase Custody, that offers storage facilities for institutional investors, ‘published‘ that it’s seeking to expand its suite of services to incorporate staking of Tezos. Through its offline storage service, investors would be able to participate in networks alike Tezos using Coinbase as a regulated intermediary.
Moreover just earlier in last week, XTZ had been one among the strongest ‘altcoins‘ within the few days before 30th March, as its value had been buoyed by some fundamental events. The community held voting on the protocol proposal which will decide the upgrade of Tezos, and therefore the proposal is presently entering into exploration Vote Period.