Digital Asset Custody Company, DACC, Has Just Announced Their Staking Support
The Digital Asset Custody company, also referred to as DACC, has just gone ahead to announce that it will be offering further staking support to its customer base. The company has been considered to be a leading crypto custody solution one which is purpose-built for the institutional investors within the market and the token issuers.
The company is expecting to deliver several stacking services to the general customer base they have in their system, all this to be done in just the first quarter of 2019.
What Is Staking All About?
Staking has been designed in a way customers will be able to hold digital assets and enable them to generate some revenue stream; this will be done through the proof of stake rewards.
The Proof of stake is what is being referred to as the staking, is an algorithm that has been designed to help achieve the needed agreement between different nodes of particular blockchains. Several protocols have used the Staking concept, it is the likes of Dash, Stellar Lumens, Tezos, HoriZen, and several others.
It is a concept that has been thought to be computationally efficient plus scalable than the other consensus algorithms that are within the market, such as the common proof of stake.
As a significant holder within the proof of stake chains, you will be able to quickly look up or even just stake some holdings and be in a position to receive rewards; this is when you participate in the validation process taking place within the network.
The company has designed an Enclave wallet into their system, one that will be able to allow the assets that are in custody to be easily staked from there secure storage environment. With this in place, it will enable the institutional investors to earn some staking rewards without having to compromise the security of their current assets.
The company felt with the attention that the high profile proof of stake assets is getting; it is essential for them to ensure they have provided a solution to their current customers that will be able to allow them to participate in these projects easily.
According to Mathew Johnson, who is the Chief Product Office and the Co-Founder of DACC, the company has ensured they have provided the best solution for a secure cold storage for the private keys, while still allowing the investors to earn some staking rewards on the different blockchains.
He further states that they are very excited to be expanding their product offering to their client base and providing them with the needed access to the revenue source, all this done in a secure manner.
What To Know About The Digital Asset Custody Company?
The company was established as a purpose-built custodian, one that is responsible for safeguarding the digital assets for different institutions. DACC is a SOC1 certified custody service provider, one that was built from the ground up to ensure it is able to safeguard the digital assets for its institutional clients adequately.
They went ahead and designed an Enclave wallet, and with this, the company is able to custody over 100 crypto coins and about 13 blockchains, plus be in a position to securely and rapidly regress the digital assets from the air-gapped cold storage. But this is not all as the company is also able to provide its clients with a 24/7 digital and physical security that will safeguard their client’s assets.
It is a company that has ensured to take the necessary steps to safeguard their client’s digital assets. The team behind this company is a group of experts who are able to provide the required expertise and experience that will help in building the most extensive secure technology you can find in the market.