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Cardano Founder Thrilled as Lace Receives New Backing

Tue, 06/13/2023 - 15:25
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Tomiwabold Olajide
IOG light wallet Lace announces new integration
Cardano Founder Thrilled as Lace Receives New Backing
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Cardano founder Charles Hoskinson has taken to Twitter to announce the newest milestone for Lace, a Web3 wallet platform from Input Output Global (IOG).

Hoskinson shares the announcement that Lace Wallet now supports Brave, a private web browser for PC, Mac and mobile.

The official Lace Twitter account makes it known that Lace 1.1.1 now supports Brave. Users only need to install Brave as an extension and start exploring.

Lace seeks to redefine how users interact with Web3 by being built with a vision to become multi-chain and make the Web3 experience accessible and simplified for all. Thus, the brave integration seems to align with this key focus.

Cryptocurrency users can securely store and access their digital assets via wallets. They can be found in a variety of formats, including hardware (USB-like) devices and desktop and mobile software.

The Daedalus wallet, which is a desktop program that completely syncs with the blockchain history, is IOG's full node implementation. Lace differs, being the very first light wallet platform from Input Output Global (IOG).

April 2023 saw the launch of Lace 1.0, which marked the initial mainnet release.

Lace saw a new iteration in May with the launch of Lace 1.1.1, which includes features such as support in case of forgotten passwords, 12- to 15-word recovery phrases and balances viewable in multiple fiat currencies.

Mesh SDK also announced its integration with Lace, seeking to make dApp creation easier.

In a hugely significant milestone in its journey, Lace Wallet has gone open source. This makes its source code and software development kit components accessible to anyone who would like to collaborate, create or simply look under the hood.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.