TL;DR
- Developed by Input Output Global (IOG) for Cardano, Lace Wallet stands out as an easy-to-use and versatile digital asset management solution.
- Lace introduces multi-account support, allowing users to generate multiple addresses within a single wallet. Additionally, it presents the first phase of multi-wallet support, enabling users to create and manage multiple wallets within Lace.
- It offers secure sending and receiving of ADA and other tokens, participation in ADA staking, connectivity to various DApps through the DApp Connector, an integrated NFT viewer, and support for hardware wallets.
Lace Wallet, developed by Input Output Global (IOG) for the Cardano blockchain, has achieved a respectable position as an easy-to-use and versatile digital asset management solution. With its latest update, Lace Wallet 1.9, IOG has integrated two highly anticipated features, further consolidating its position in the Cardano ecosystem.
One of the key features of Lace Wallet 1.9 is multi-account support. This feature allows users to generate multiple addresses or accounts within a single wallet using a single recovery phrase. This means users can separate their assets and transactions more efficiently without needing to manage multiple seeds. This feature aims to address users’ latent need for more organized management of their funds and stake delegations in Cardano.
👛👛👛Why have one when you can have more? #LacePlatform 1.9 just went live with new multi-account and multi-wallet features.
Read more here: https://t.co/gM9OgdUBpa
— lace.io (@lace_io) April 3, 2024
Lace: The Most Comprehensive Wallet of Cardano
Additionally, Lace Wallet 1.9 introduces the first phase of multi-wallet support. This feature enables users to create and manage multiple wallets within Lace, each with its own set of keys and recovery phrases. This concept arises from some users’ preference for using a combination of hot wallets and cold wallets to enhance the security of their digital assets. Thanks to this feature, users will have the necessary flexibility to organize and protect their funds in the way that best suits their security needs and preferences.
Moreover, Lace Wallet offers a wide range of functionalities for Cardano users. Users can securely send and receive ADA and other tokens, participate in ADA staking to contribute to the security and decentralization of the network, and easily connect to various DApps through the DApp Connector. Additionally, it features an integrated NFT viewer to facilitate the management of NFT collections based on Cardano, as well as support for hardware wallets, providing an additional level of security.
