IOG, the Input-Output Group (IOG) IOG, the team that develops the Cardano ecosystem as well as the ADA token has announced the official launch of the first wallet that is light, Lace.
Features of the Cardano Light Wallet
Lace is Cardano’s first lighter wallet, has garnered positive reviews ahead of the official launch of the app by IOG. Lace allows users to manage, store and control cryptocurrency assets as well as non-fungible tokens all in one spot.
IOG says that the objective is to make Lace into a fully-fledged “one-stop-shop” wallet. Another major feature that is unique to Lace has to do with its compatibility and the possibility of using various blockchain-based ecosystems.
While it is expected to launch with limited interoperability between Cardano as well as Ethereum blockchains, IOG has promised to develop other sidechainsand connect Lace to other blockchains.
Lace allows anyone to tap into the full potential of Web 3.0. To accomplish this it is the IOG has been able to facilitate the creation of a no-cost decentralized application (dApp) store that will provide facilities for regular users and developers.
End users will also be able enjoy the endless variety of dApps available through Cardano and act as an alternative to iOS or Android apps that are a burden for corporations of centralization.
IOG stated that Lace was created without the crypto-related jargon, and with a an emphasis on making the application simple to comprehend and use by novices and experienced crypto users.
Why You Should Care
In contrast to other wallets that are light which are generally restricted to one chain IOG created Lace to provide a complete solution that has support for multiple blockchains.
Find out more about sidechains and interoperability with Cardano in the following:
Cardano Launches New Permissionless EVM Sidechain on Testnet
For more information about this Vasil the hard fork read:
Cardano’s Vasil Hard Forked Delayed – IOG Announces New Launch Date
The most current price predictions of the ADA are also included in:
Cardano (ADA) Expected to Hit $1 After Vasil Hard Fork, Says Community Vote