Cardano’s Input-Output development team has created Lace, a new light wallet.
According to the development team, the wallet allows users to manage, control, and store their cryptocurrencies in a single location.
Users can also keep their Non-Fungible Tokens (NFTs) in the same wallet, allowing them to manage all of their digital assets in one wallet without relying on third-party solutions. Lace, the new wallet, was built with the help of a side chain solution developed by Cardano’s development team.
Additional Features of the Light Wallet
Interoperability and the capacity to use different blockchain systems, besides just Cardano, are among the features and properties of the wallet.
Interoperability has been the developers’ main focus, as was already mentioned. The builders will soon begin implementing additional side chains along with connecting to all other blockchains. The main objective is to transform Lace into an “all-in-one” wallet.
All other solutions will be able to be replaced by this lightweight wallet, which will also consolidate Web3 into a single location. With Lace, we hope to ensure that anyone can easily access the Web3 space.
The landing page for Lace 1.0 stated that one of their top priorities is safety in other features. They intend to accomplish this with a hardware wallet integration with increased security. Along with being able to start receiving their rewards, Lace will also allow users to stake their ADA.
Overall, it’s a platform that fuses digital assets with an NFT gallery, a DApp connector, and simple staking to make entry into the Web3 simple and fun.
Design Of The Wallet Received Special Attention
The Input-Output team meticulously designed the wallet. According to sources, Lace has been created so that both novice and seasoned users will find it simpler to understand how the wallet functions.
This wallet is simple because it does not use all the technical terms used in the cryptocurrency industry, which is typically full of tutorials. A free, decentralized app store with features for developers and regular users will enable this wallet.