JAKARTA Trust Wallet is an official non-custodian crypto wallet application for Binance. Recently, Trust Wallet announced support for Cardano (ADA) crypto staking in its services. This support is only available to iOS users.
With the presence of the staking service, Trust Wallet allows users to get a reward in the form of crypto for ADA ownership. The reward or reward is obtained from the interest produced by the user who helped secure the network on the device.
According to Trust Wallet, Cardano is now also available on iOS devices after it first launched on Android devices earlier this month.
Hey iOS users! You can now stake @Cardano $ADA too, easily and directly on your #TrustWallet! wrote Trust Wallet in a Twitter post, December 27, 2022.
How to Staking ADA in Trust Wallet
To stake Cardano in Trust Wallet, users only need to send ADA cryptocurrencies to their wallets or buy them first, then click the "Stake" button that will appear when they record assets.
Investors can then choose the validator they want to stake. The reward for risking cryptocurrencies is not automatically restored. In addition, at least 4 ADA coins are needed for users to be able to stake and unstake their funds.
Launching CryptoGlobe, the use of smart contrains on the Cardano network has jumped 340 percent in the past year, as developers continue to take advantage of cryptocurrency networks even though the market is bearish.
Plutus is a "mart contract platform from the Cardano blockchain" that allows users to "wrote apps that interact with the Cardano blockchain."
In particular, in its latest Asset Report, CryptoCompare revealed that after the collapse of FTX, there is an increasing trend in users moving their assets off a centralized cryptocurrency platform and moving them to a decentralized and self-contained solution.
The move triggered a spike in the average daily active user on the smart contract platform. In total, Cardano's daily active users rose 15.6 percent to 75,800 last month, the highest number recorded since May.
Similarly, monthly transactions on the Cardano network also rose 5.34 percent to 2.32 million last month, marking the largest volume of transactions since April 2022.
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