Announcing support for a new project is always exciting for us as we continue to build out our Multi Cryptocurrency Wallet functionality. With Algorand we are adding an open source blockchain designed by cryptography pioneer, Turing Award winner and MIT professor Silvio Micali which uses the Proof of Stake Consensus algorithm and allows its participants to stake and earn ALGO. With blocks finalized in seconds, Algorand’s transaction throughput is on par with large payment and financial networks.
Besides sending and receiving you are also able to stake your ALGO without any additional effort. Simply hold some inside your wallet and enjoy up to 10% APY (current rate) in additional ALGO.
Our mission emphasizes making cryptocurrency and our multi-asset wallet as easy-to-use and accessible as possible. Trust Wallet already supports Bitcoin, Ethereum, XRP, Binance Coin, and other digital currencies. Adding Algorand wallet support is an important next step in continuing with that mission.
With Trust Wallet you are using Binance’s official user-controlled Crypto Wallet. Trust Wallet allows you to store your personal crypto assets (safeguarded by a recovery phrase that only you know) and interact with DApps and Decentralized Exchanges in a non-custodial way. With the launch of Trust Platform, Trust Wallet now allows you to stake your crypto directly from your mobile wallet.