BIGG Digital Assets Inc. (CSE: BIGG), an innovator in the digital assets space and owner of Netcoins, and Blockchain Intelligence Group and TerraZero is pleased to report that Netcoins will be expanding its staking services in Canada “with the launch of Solana and ATOM on April 2nd.”
Netcoins has leveraged its partnership “with BitGo Trust Company to enable customers to stake their assets directly from segregated cold storage wallets on the Netcoins mobile app. With the launch of Solana (SOL) & Cosmos (ATOM) staking, Netcoins customers now have an opportunity to earn yield on their crypto holdings.”
This service is available “to individual, corporate and institutional clients, ensuring that all our customers can benefit from the growing trend of earning through Proof of Stake blockchains.”
According to Stakingrewards.com the global staking market cap “is over $335bn with over $5.8bn in rewards issued per year.”
Netcoins CEO Fraser Matthews said:
“We believe that the continued expansion of our staking services represents a significant step towards the future of cryptocurrency investment, offering a compelling way for our users to put their crypto assets to work while simultaneously increasing revenue and AUM for Netcoins. This is another great step for our Staking program as we are adding the ability for Netcoins users to grow their holdings through Proof of Stake, and attract new customers to the platform to do the same.”
For any Corporations or Investors that are “looking to build their staking portfolios with the support of Netcoins OTC Trading Desk, they can reach out to our team directly through our website.”
The Solana blockchain is described as “a high-performance cryptocurrency platform renowned for its exceptional speed and efficiency in processing transactions.”
Utilizing a unique consensus mechanism known “as Proof of History (PoH) in conjunction with Proof of Stake (PoS), Solana achieves unparalleled throughput, capable of handling thousands of transactions per second (TPS) with minimal fees.”
This innovative approach allows “for scalability that addresses many of the bottlenecks faced by earlier blockchain technologies.”
Launched in March 2020 by Solana Labs, the platform supports “a wide array of decentralized applications (dApps), including DeFi, NFTs, and gaming, making it a competitive player in the blockchain ecosystem. Its native cryptocurrency, SOL, serves as the fuel for transactions and smart contract execution on the network, playing a vital role in maintaining the blockchain’s security and operability.”
The Cosmos blockchain, often referred to as the “Internet of Blockchains,” is a groundbreaking network designed to “facilitate interoperability and scalability among various blockchains.”
Launched in March 2019, Cosmos stands out “with its unique consensus algorithm, Tendermint Core, which enables high-speed transaction processing and a robust security framework.”
At its core, Cosmos aims to “solve the pressing issues of scalability and interoperability that have hampered the growth of blockchain technologies.”
The network’s native token, ATOM, plays “a crucial role in maintaining the network’s security through staking and governance.”
Cosmos’s vision of creating an interconnected blockchain ecosystem “has garnered significant attention, positioning it as a pivotal player in the future development of the blockchain landscape.”