Cardano native wallet “Lace” launches

The Cardano developer company successfully launched the first version of the Lace wallet, to give better ease to Cardano lovers to interact with the Cardano ecosystem.

Cardano is a popular Proof-of-stake (PoS) highly scalable blockchain network. Input-output Hong Kong Global (IOG) is the engineering team behind the Cardano blockchain network and Ethereum co-founder Charles Hoskinson is the CEO of IOG. In the initial phase of the Ethereum blockchain project, Hoskinson was one of the top Ethereum CEOs. Hoskinson left the Ethereum project because he disagreed with other Ethereum leaders over ETH’s future plans. 

On 11 April 2023, Cardano’s IOG successfully launched Lace on Cardano mainnet. 

Lace wallet will allow Cardano blockchain network users to interact with the Cardano ecosystem more perfectly, where users will be able to transfer Ada coin & Cardano network-supported NFTs.

According to IOG, Lace will change the way for Cardano lovers to engage with the Cardano blockchain ecosystem because Lace includes several features in one place. 

Through the Lace, Cardano lovers will be able to stake their Ada token holdings directly. 

Media reports noted that Lace will boost the adoption of the Cardano blockchain, as crypto traders will be able to interact with the decentralized apps (DApps easily) to swap their crypto assets on the Cardano network. 

Ada coin price action

Ada is a native coin of the Cardano Blockchain network and the current trade price of this coin is $0.39 & this trade price is 15% high over the last 30 days of trade price. 

The Lace wallet launch news seems to have failed to show an impact on the trade price of ADA coin, as we can see in the price graph. 

Read also: Bitcoin Whitepaper now available in 43 languages on Bitcoin.org