Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
- New light wallet platform, Lace will let users own and control their digital identity, manage digital assets including NFTs and cryptocurrency, and access decentralized finance in one place
- The wallet platform will be blockchain agnostic and a place for interoperability between various ecosystems actors
- Platform will cater to beginners & advanced users
Input Output Global, the software development company behind world-leading sustainable blockchain platform Cardano, is to launch its first light wallet platform, designed to be a ‘one stop shop’ for blockchain operations, allowing users of all abilities across the globe to interact with all aspects of Web3.
The light wallet platform, Lace, will be one of the most cutting-edge available on the market. Built on Cardano, it will let users own and control their digital identity, earn rewards by participating and improving the network, manage digital assets, and access decentralized finance (blockchain-based digital finance) all in one, easy-to-use place.
The Lace platform will be interoperable, allowing users of different blockchain ecosystems to collaborate, as well as store and manage their assets without the need for multiple wallets. Interoperability will be achieved through Input Output Global’s ‘sidechains’ solutions, the first of which is created to allow Solidity developers to port their projects from Ethereum to Cardano, and has just entered its public testing phase. As the family of sidechains grows, so will the light wallet’s interoperability, with the vision that everyone from investors to NFT creators and DApp developers can use the Lace platform, regardless of which blockchain ecosystem they come from.
The platform is also being designed so that everyone, from beginners to advanced users, are able to navigate it, opening up the power of Web3 to anyone who wants to harness it using explainer videos, jargon-free language, a glossary of terms and FAQs and a friendly user experience.
Lace users will also gain access to a free, unique DApp Store, designed to support the needs of users and developers. End users will be able to effortlessly discover Cardano DApps, an alternative to traditional IoS/Android apps which do not require smartphone corporations or servers from one space, while developers will reach a wide audience eager for their products.
Charles Hoskinson, CEO of Input Output Global, said: “Web3 holds so much promise, but at the moment it’s only those with an extensive understanding of blockchain who can navigate it effectively, and while different blockchain platforms are siloed from one-another, user experience is often disjointed and difficult. We believe Lace could change this. The world doesn’t need yet another light wallet. That’s why we wanted to create something which would not only bring all of Web3 together in one platform, but make it easy for anyone to use it, from a farmer in Uganda to a banker on Wall Street.”
To receive the latest updates on Lace and when version 1.0 will be available, please register at lace.io.
About Input Output Global
Input Output Global is a research and development, and product engineering company, committed to using peer-to-peer innovations to provide 21st century services to the 3bn people who don’t have them. We build blockchain based products for governments, corporations and academic institutions and upskill people across the world, empowering them to solve the most pressing problems faced by people in their countries. We have core beliefs in decentralization and the right to privacy, and stand opposed to centralized control and bureaucracy. For more information check out https://iohk.io/
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.