Well-liked {hardware} pockets firm Ledger added Algorand’s ALGO token to the checklist of wallet-compatible property out there on its desktop app, Ledger Stay, permitting holders to retailer and stake the asset.

“The combination with Ledger Stay will present customers with extra alternatives to earn passive revenue, making certain the very best stage of management and adaptability,” Ledger’s CEO, Pascal Gauthier, defined Tuesday in an announcement offered to Cointelegraph. The addition additionally means storage compatibility for tokens constructed on Algorand’s blockchain, generally known as Algorand Normal Belongings.

Belongings constructed utilizing proof-of-stake know-how imply holders can earn passive revenue by serving to to supply consensus for the related blockchain. Algorand holders can now stake their ALGO cash passively whereas storing them on their Ledger pockets gadgets, interacting with their holdings as wanted by way of the Ledger Stay desktop interface.  

The {hardware} pockets supplier additionally boasts staking and storage compatibility for Tron (TRX), Cosmos’ ATOM and Tezos (XTZ). 

Ledger has made a variety of headlines in 2020, together with a tough patch the corporate confronted, which included a knowledge breach and pockets vulnerability.