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The team developing Cardano, ‘Input Output,’ has made a new light wallet called Lace. The wallet will let users keep their Non-Fungible Tokens (NFTs) in the same place. This will help the users handle all their digital assets inside one wallet instead of using third-party solutions. Cardano’s development team came up with a side chain solution that was used to make the new wallet, called Lace.
The main goal of these developers was to make it possible for the Cardano and Ethereum networks to communicate with each other. This new idea is still being tested, but soon it will move on to the implementation phase.
Other features of the Cardano Light Wallet
Interoperability and the capacity to use more than just Cardano’s blockchain system are two features and qualities of the wallet.
As was said above, interoperability has been the developers’ main goal. Soon, the developers will start putting in place other side chains and connecting to all other blockchains. The ultimate aim is to make Lace a wallet that can do everything.
This light wallet will be able to take the place of all other alternatives and bring all of Web3 together in one place. The goal of Lace is to make sure that the Web3 space is easy for everyone to use.
On their landing page, Lace 1.0 said that safety is one of their top priorities, among other things. They plan to do it with the help of a more secure integration of a hardware wallet. Lace will also let people bet their ADA, which will allow them to start getting their rewards.
Overall, it is a platform that combines digital assets, an NFT gallery, and a DApp junction box with easy staking to make getting into the Web3 easy and fun.
Designed with lots of consideration
The team behind ‘Input Output’ has put a lot of thought into how the wallet looks. Sources say that Lace was made so that both novice and veteran users can understand how it works.
This wallet is simple because it doesn’t have all the crypto-world jargon and tutorials that most wallets do. A free, decentralized app store with features for devs and regular users will make this wallet easier to use.
These users would be able to use many DApps built on Cardano instead of relying solely on iOS or Android apps that corporations control.