Bittime - Cardano (ADA) light wallet platform, Lace, announced the launch of Lace v.1.9. This upgrade introduces key features aimed at optimizing asset management and security for its users.
Lace serves as a critical gateway for interaction on the Cardano blockchain, facilitating secure transactions and storage of ADA and other native Cardano tokens.
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Lace Wallet Delivers Multi-Wallet Flexibility
With the arrival of Lace v.1.9, users get access to multi-account setup in one single wallet. This allows the creation of multiple addresses or accounts using a single recovery phrase.
This feature simplifies asset management by allowing users to easily separate transactions or delegate staking.
Also read: Hydra (Cardano): Definition and How It Works
Additionally, the Lace wallet upgrade incorporates the ability to maintain multiple wallets, each with different keys and recovery phrases. It offers users the flexibility to use a combination of hot (internet connected) and cold (not internet connected) wallets.
As a result, this increases the security of their assets. The implementation of these features marks a significant step in reducing risk and improving investment and transaction organization.
The Lace upgrade is part of broader progress in the Cardano ecosystem. Cardano is on track to achieve full peer-to-peer (P2P) node operations.
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The anticipated launch of the Ouroboros Genesis will be part of Chang's upgrade, which is scheduled for next summer. This development reflects the ecosystem's commitment to innovation and security, contributing to a more robust and efficient blockchain experience for users.
Charles Hoskinson Rejects Forbes' "Crypto Zombies" Nickname
In response to a Forbes article labeling 20 blockchains as “Crypto Zombies”, Charles Hoskinson, founder of Cardano, took to social media to respond to the criticism.
Also read: Charles Hoskinson Responds to Criticism of Cardano Utility
Along with XRP lawyer Bill Morgan and Anodos Finance Co-founder Panos Mekras, Hoskinson humorously rejected the label.
They defended their project against accusations, demonstrating the resilience of the community and their commitment to their blockchain ecosystem. This reaction underscores the dynamic and passionate nature of the crypto community, ready to face challenges and misunderstandings head-on.
About Lace Wallet
Lace is a lightweight digital wallet platform built on the Cardano blockchain. The initial launch includes a lightweight wallet, NFT viewer, easy staking features, and a decentralized application (DApp) bridge. Unlike full-node wallets, lightweight wallets do not synchronize all copies of the blockchain.
Lace's main advantage is its ease of use. Lace allows you to manage digital assets and interact with Web3 without all the hassle of a full-node wallet.
Here are some of the capabilities Lace offers:
- Send and receive ADA and other native Cardano tokens
- Stake your ADA and receive rewards for participating in the network
- Connect and use DApps
- Store, send, receive, and view your NFTs
- Connects with Ledger hardware wallets for added security
- View your transaction history
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With extensive functionality and ease of use, the Lace v1.9 update further strengthens its position as the ideal Cardano digital wallet for both beginners and experienced crypto users.
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Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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Guide to Creating NFTs on the Cardano Blockchain
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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