According to U.Today, Cardano's light wallet platform, Lace, has launched its latest version, Lace v.1.9, introducing new features and enhancements. Lace serves as a portal for users to engage with the Cardano blockchain, allowing them to securely store, transmit, and receive ADA, Cardano's native cryptocurrency, and Cardano native tokens. The platform is designed to enhance the user experience in the Web3 environment.
The latest update introduces multi-wallet and multi-account features, a significant enhancement for the Lace wallet. The new multi-account setup allows users to generate multiple addresses or accounts within a single wallet using a single recovery phrase. This feature facilitates efficient asset management by enabling users to segregate transactions or stake delegations without the need to manage multiple seeds.
In addition to the multi-account setup, the recent Lace upgrade also introduces the ability to have multiple wallets, each with its own set of keys and recovery phrases. This feature allows users to use a mix of hot and cold wallets to enhance security and safeguard their assets. Users can organize their assets and transactions while simultaneously reducing risk exposure if any one wallet is compromised.
These latest enhancements to Lace are reflective of the broader progress within the Cardano ecosystem. Cardano is steadily advancing, nearing full P2P node operations. The forthcoming Ouroboros Genesis release is planned to be deployed as part of the Chang upgrade, slated for this summer.
