The new Lace lightweight wallet was developed by Cardano's Input Output team. According to the development team, this new wallet has a lot of functionality. Users can manage, control and store all their cryptocurrencies in one place with the wallet.
Let's explore Web3 together.
Get the latest updates on the new light wallet platform coming from @InputOutputHK , the creators of the #Cardano blockchain: https://t.co/wt4HMdH2ls pic.twitter.com/RiUpKAq1rE
— lace.io (@lace_io) June 21, 2022
In addition, the wallet will allow users to keep their NFTs in one place, making it easier for them to manage all their digital assets without having to rely on other services. With the help of a side chain solution created by Cardano's development team, the new Lace wallet was built. Introducing network interoperability between Cardano and Ethereum networks was the main goal of these developers. This innovation is now in the testing phase, but will soon transition to the implementation phase.
Interoperability and the ability to use multiple systems blockchain, in addition to Cardano, are among the wallet's resources. The top priority for developers has been interoperability. Along with linking to all other blockchains, builders will soon start building more sidechains. The main objective is to transform Lace into a complete wallet. All other solutions can be replaced by this lightweight wallet, which will also combine Web3 in one place. With Lace, we hope to ensure that everyone can readily access the Web3 space.
The Lace 1.0 landing page said that one of its main goals is security in other features. They want to do this with the use of a more secure hardware wallet integration. In addition to being able to start receiving your rewards, Lace will also allow users to stake their ADA. Overall, it's a platform that combines digital assets with an NFT gallery, a DApp connection, and simple staking to make joining Web3 simple and fun.
