HomeNewsCardano's Charles Hoskinson Secures Million-Dollar Investment from Industry Giant, Fueling Innovative Leap...

Cardano’s Charles Hoskinson Secures Million-Dollar Investment from Industry Giant, Fueling Innovative Leap Forward

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  • Charles Hoskinson, founder of Cardano, lauds the Lace wallet’s latest upgrade – integration with Brave browser, aimed at enhancing and simplifying the user’s Web3 experience.
  • The Lace wallet, a light wallet platform by Input Output Global (IOG), has further announced that it’s open source, inviting wider collaboration and innovation.

In a significant stride forward, the Lace wallet, an innovation from Input Output Global (IOG), has been integrated with the privacy-focused browser, Brave. Cardano’s founder, Charles Hoskinson, enthusiastically shared this news on Twitter, celebrating Lace’s efforts towards redefining the way users interact with Web3.

Cryptocurrency wallets provide users with secure storage and access to their digital assets. These wallets are available in several forms, including hardware devices akin to USBs, desktop programs, and mobile software. The IOG’s full node implementation is the Daedalus wallet, a desktop program that synchronizes completely with blockchain history. However, Lace sets itself apart as IOG’s premier light wallet platform.

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Since its initial mainnet release marked by Lace 1.0 in April 2023, the Lace wallet has undergone an iteration with the launch of Lace 1.1.1 in May. This newer version includes features to aid users in forgotten passwords situations, presents 12- to 15-word recovery phrases, and allows balances to be viewed in various fiat currencies. It further integrated with Mesh SDK to facilitate easier dApp creation.

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Aligning with its vision of being multi-chain and simplifying the Web3 experience for all, Lace’s recent integration with Brave seems a strategic and logical move. Users can now simply install Brave as an extension and start exploring, demonstrating Lace’s commitment to user-friendly solutions in the world of Web3.

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In a highly significant development, Lace Wallet has also announced that it is going open source. This shift makes its source code and software development kit components available to anyone who wishes to collaborate, innovate or simply understand the system better. This transparency not only invites community involvement but also signifies a future filled with endless possibilities for advancements in the Web3 experience.

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Jack Williams
Jack Williams
As a Blockchain Analyst, I specialize in analyzing the performance of decentralized systems and optimizing their efficiency. Through data analysis, I provide insights on blockchain technology, smart contracts, and cryptocurrencies to help businesses make informed decisions and improve their operations.
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