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Cardano Fully Incorporated Into Tuarus’ Platform, Staking Also Added - CoinQuora


coinquora.com 15 September 2021 05:06, UTC
Reading time: ~2 m

  • Taurus merges Cardano to its platform, including Staking.
  • Cardano is available immediately and supports the Alonzo hard fork.
  • The merger responds to the growing demand for Cardano’s PoS.

Swiss leader in digital assets framework, Taurus has announced it efficiently integrated the Cardano blockchain.

🎉Taurus successfully integrated #Cardano #blockchain including staking capabilities into its institutional-grade platform👏@F_Gregaard said:“De-risking decentralization for regulators and other institutional organizations is of paramount importance to the Cardano Foundation.” https://t.co/lwxOgIkxgS

— Cardano Foundation (@CardanoStiftung) September 14, 2021

Going by Taurus’ tweet, Cardano’s integration reflects a growing institutional demand for a battle-tested Proof-of-Stake (PoS) blockchain protocol.

Cardano is already available and was designed to fully support the Alonzo hard fork, which took place on September 12. 

In view of this, staking functionalities were also installed into the institutional-grade platform. In essence, Taurus’ clients can now collect staking rewards on Cardano using Taurus-PROTECT.

Taurus’ Taurus-PROTECT digital asset custody platform is well-known throughout Europe. It has also added Cardano compatibility to Taurus-EXPLORER, the company’s own blockchain connectivity infrastructure.

Leading the way in innovation

Taurus is a Geneva-based firm that majors in blockchain infrastructure development and digital assets custody. Taurus was set up in 2018 by a former senior executive with a background in banking.  The firm has established its self as a  digital leading platform that provides crypto, emerging digital currencies and also, tokenized assets.

Cardano’s most recent upgrade, the Alonzo hard fork, will be immediately available on the platform, along with its upgraded features and performance.

Read Also: Cardano Price Prediction

In detail, Cardano will now be available to Taurus’ clientele such as investment banks, crypto-banks, retail/digital banks. With the integration, these clients will have access to Cardano’s decentralized, open-source blockchain network. Thus, leveraging on its ability to execute over a million transactions per second. It will also serve as a platform for the deployment of smart contracts.

Announcing the merger with Cardano, Taurus co-founder, and Chief Security Officer, JP Aumasson says:

We are pleased to integrate Cardano and further expand our PoS protocols offering to our clients. We enjoyed collaborating with the Cardano technology teams and look forward to integrating smart contracts in the near future.

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