Cardano Lace: Cardano IOHK Set To Release Its Own Light Wallet Called Lace

Lace Wallet Logo
Credit: Lace

Lace Wallet Logo
Credit: Lace

This article contains information about the 'release-date' of either a movie, game or product. Unless stated explicitly, release dates are speculative & subject to change. See something wrong? Contact us here

Cardano's roadmap is now steadily expanding by announcing the launch of its own light wallet, Cardano Lace.

The wallet has been launched keeping in mind the ambitious plans of ADA, including the launch of the Cardano Vasil hard fork upgrade that is set to attract more users to the platform.

Described as a lightweight wallet by Cardano's development team Input-Output (IOHK), the Cardano Lace wallet will serve as a central place for users to store and manage all their crypto assets, including NFTs.

Cardano Lace Wallet Announced

As per the official statement, the Cardano lace wallet will encompass a host of new features. These include the ability of the wallet to interact with multiple blockchains.

Lace is designed to store and manage crypto assets without jeopardising or leaving them vulnerable to wallet attacks.

It is to be noted that Cardano has earlier launched a wallet called Daedelus. Touted as a full node wallet, Daedelus catered to the more seasoned crypto users and reportedly consumed considerable amounts of energy while synchronising with available platforms.

On the contrary, the Cardano Lace wallet has been developed keeping in mind the nuances of crypto accessibility. It has been created to consume less power, making the wallet easier to sync and accessible to all crypto audiences.

Dubbed as a "one-stop-shop" the Lace wallet will further allow users to transact and make payments, store and view NFTs, delegate stake as well as interact with different DApps from a single wallet app.

In addition to this, Stella Ivanova of the Lace team has released a new clip in which she discusses the potential use cases of the Cardano Lace wallet.

According to Ivanova, the wallet comes with a set of diverse features that intend to holistically benefit the Cardano Ecosystem as a whole.

Cardano Lace Wallet Release Date

There is no official or specific release date for the Cardano Lace wallet as of yet.

IOHK's statement notes that Cardano Lace is still in the early developmental stage. It will "soon" launch in a beta version. When this "soon" is exactly, we aren't sure.

The Lace devs have finally unveiled the first look of Cardano Lace.

Revealing fresh details via Twitter, the Cardano lace team added how the new Lace 1.0 will be able to manage virtual assets with great ease. Alongside storing crypto assets, the wallet is also equipped with mechanisms that support storing and viewing NFTs.

Users can also access other features such as exploring one's own NFT gallery, learning more about stake pools, delegating Cardano, and also comes with a facility of a DApp connector.

We'll keep this page updated with more information.

This Article's Topics

Explore new topics and discover content that's right for you!

Planet Crypto