Moonstake web wallet provides staking support for Cardano ADA
Moonstake, a blockchain company focused on staking technologies, has launched staking support for Cardano's cryptocurrency ADA, one of top 10 cryptocurrencies by market cap, in Moonstake's Web Wallet.
After Cosmos, IRISnet, Ontology, Harmony and Tezos, Cardano became the sixth available coin on Moonstake Web Wallet.
On 29 July, the Cardano development team launched the long-awaited Shelley Mainnet. Shelley brings about opportunities for users to stake their ADA and help Cardano transition from a centralised, federated system to a fully decentralised system, with delegated staking features & rewards incentives. Shelley is the most significant upgrade by Cardano since its inception, bringing about a new system architecture and an entirely new set of user functionalities.
Moonstake entered into partnership with EMURGO, a founding entity of Cardano protocol, on 11 August. This partnership creates synergies by driving blockchain staking activities and accelerating industry adoption of staking within the Cardano ecosystem. Moonstake's ADA as a stakable coin promotes staking adoption of Cardano regionally and globally.
Moonstake Wallet is a universally advanced staking wallet that can store up to 2,000 cryptocurrency types and stake major coins. The Moonstake Wallet not only provides enterprise-grade security, but also a staking function to give users full control over their digital assets. Along with the launch of Shelley mainnet, Moonstake Wallet immediately started supporting ADA to receive, store and transfer ahead of major crypto wallets, and now ADA staking is onboard.
For this initial period supporting ADA staking, only desktop browsers Chrome, Edge, Firefox and Opera, and Chrome and Firefox browsers on Android allow users staking. Users of Internet Explorer and Safari and iOS mobile users are required to download available browsers on desktop for access.