Cardano Launches Lace 1.0: The First Native Light Wallet Platform for the Cardano Network
Input Output Global (IOG), a development lab behind Cardano, has released Lace 1.0 – the first light wallet platform for the Cardano network. With Lace, users can send and receive Cardano digital assets, NFTs, and native tokens. Also, users can stake ADA directly from their wallet to contribute to the security of the network and receive rewards for their participation. Fiat-to-crypto on-ramps, a dApp store, in-wallet swaps, and staking enchantments are expected in future releases.
The launch of Lace 1.0 is a significant milestone for the Cardano network. It marks the first time that users can send and receive Cardano digital assets, NFTs, and native tokens using a native light wallet platform. Previously, users had to rely on third-party wallets to manage their Cardano assets. Now, they can do it directly from their Lace wallet, making it easier and more convenient to use.
According to the official announcement from IOG, Lace has been developed with the same academic rigor and robust engineering that the company is known for. It has also undergone community participation and beta testing to ensure that it meets the needs and expectations of Cardano users. As a result, the platform is fast, secure, and easy to use, making it an ideal choice for anyone who wants to explore the world of Web3.
With Lace 1.0, users can stake their ADA directly from their wallet to contribute to the security of the Cardano network and receive rewards for their participation. This is an important feature for anyone who wants to support the network and earn rewards at the same time. The platform also includes a new bundle transaction feature that allows users to send multiple assets to different addresses in one transaction with one transaction fee.
Hardware wallet integration is another key feature of Lace 1.0, providing added security for users’ digital assets. The platform also seamlessly connects to NFT marketplaces, dApps, and DeFi services with the DApp connector, making it easy to explore and participate in the Cardano ecosystem.
For those who want to get started with Lace 1.0, the process is straightforward. Users can simply head to the Lace website, lace.io, and click the ‘Add to browser’ button to add the Lace 1.0 extension to their Google Chrome browser. From there, they can start using the platform to manage their Cardano assets.
The launch of Lace 1.0 is just the first step for the platform. IOG has already announced plans for a DApp store, a desktop app, and digital identity solutions. In addition, fiat on/off ramps, in-wallet swaps, a richer staking experience with multi-delegation, and a portfolio view are all in the pipeline. This means that Lace is set to become an even more powerful and versatile platform in the coming months.
Overall, the launch of Lace 1.0 is a significant development for the Cardano network and the wider cryptocurrency community. It provides users with a powerful and easy-to-use platform for managing their Cardano assets, staking ADA, and participating in the Cardano ecosystem. With future enhancements and developments on the way, it’s clear that Lace is set to become a major player in the world of Web3.
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