Staking cryptocurrency involves locking up your assets in specific contracts that aid in securing the blockchain network associated with the cryptocurrency, in exchange for receiving rewards. Ledger Live offers staking for Tezos (XTZ), Solana (SOL), Ethreum (ETH), and more. By staking with Ledger Live, you can earn XTZ and TRX as compensation for your participation.
To stake your cryptocurrencies using WalletConnect and Ledger Live, simply follow the instructions provided within the app. This will allow you to earn rewards for your participation while still maintaining control over your private keys and assets.
Adding support for new blockchain networks to WalletConnect and Ledger Live is a process that involves:
This process ensures that your WalletConnect and Ledger Live setup remains up-to-date and compatible with the latest blockchain networks.
By staying current with new blockchain networks, you can maximize the potential of your WalletConnect and Ledger Live setup, allowing you to manage a wider range of cryptocurrencies and take advantage of new opportunities in the ever-evolving world of digital assets.
To add support for a new blockchain network, you will need to locate and update the configuration file in its designated directory or folder. To open the configuration file, use a text editor or a tool specifically designed for editing configuration files.
The modifications necessary to the configuration settings are contingent upon your needs. To save the updated configuration file, select the save option and ensure that you have backed up the original configuration file prior to making any changes. This ensures that your WalletConnect and Ledger Live setup remains compatible with new blockchain networks.