BitGo Launched Staking Platform for Dash and Algorand
By Lorenzo - 2019-10-05
Bitgo supports Dash which led the initial partnership last year. ‘’Dash support in BitGo Staking builds on this relationship and provides additional ways to derive value from Dash in a safe and secure environment’’ Said Ryan Taylor, CEO of the Dash Core Group.Last month, Binance, the most popular cryptocurrency exchange also launched its new staking platform and announced the support for TRON as well as other digital assets.Proof of Stake (PoS) is gaining ground over Proof of Work (PoW) as a number of new protocols move to the PoS model. Unlike PoW, PoS does not need substantial amounts of committed mining power and the ability of PoS coins and tokens to generate passive returns makes them attractive to a variety of investors.