As an experienced analyst, I see the latest upgrade of Cardano Light Wallet Lace as a game-changer for ADA investors who prioritize security. The addition of multi-staking or multi-delegation feature in Lace 1.12 is an excellent response to the demand from users who prefer using hardware wallets for extra security layers. This update not only simplifies asset management but also caters to those who couldn’t use multi-staking before.
With the newest version of Cardano Light Wallet Lace, users are now given the convenience of staking multiple units of their ADA tokens at once.
Lace 1.12 Offers Users Additional Security Layer
As an analyst, I’ve noticed that Lace recently announced a new multi-staking feature in their blog post, which they refer to as multi-delegation. This addition was made specifically with security-conscious investors in mind. These users often rely on hardware wallets for the added security they provide.
As a crypto investor using the Lace platform, I’m excited about version 1.5 and its new feature of multi-delegation. This means I can delegate my ADA tokens to multiple stake pools without having to partition my funds across several accounts. It’s important to mention that for a long time, regular hardware wallet users weren’t able to take advantage of this multi-staking opportunity.
The introduction of Lace 1.12 represents a significant shift, enabling this functionality on Ledger and Trezor wallets for the first time. This feature bears some resemblance to the multi-wallet capability that was introduced in Lace 1.9.
Cardano launched Lace version 1.9, enabling users to create multiple account structures within a solitary wallet. This innovation streamlines asset management by permitting users to distinguish between transactions or delegation of staking with minimal hassle. The long-term objective is to ensure an uncomplicated and well-ordered approach to managing digital assets.
More Features on Cardano Lace Update
Significant to note, the multi-staking function is just one of the many enhancements that arrived with Cardano Lace 1.12.
In the latest edition of the Cardano wallet, Fiat On – a novel functionality fueled by Banxa – has been seamlessly incorporated. This empowers users to effortlessly top up their wallets by converting fiat currency into ADA through Banxa’s simple checkout referral link.
Users initially need to press the “Buy ADA” button, which will then direct them to Banxa’s site for transaction completion. Upon arrival at Banxa’s website, users must undergo verification, KYC checks, and payment procedures to finalize their Fiat-to-ADA transactions.
An enhancement has been made to the search function, enabling more precise results when looking up stake pools using Pool Tickers. This feature is automatically available to Lace wallet users without any necessary actions on their part. Furthermore, the Cardano development team addressed several bugs in the latest update. These bugs affected various areas such as the UI, delegation portfolio, and address book.
As an analyst, I’ve been closely following the developments within the Cardano ecosystem. Recently, Charles Hoskinson has indicated that the Chang Hard Fork could potentially activate this month. This upcoming update brings with it new governance structures, which will enable greater inclusivity for Cardano Lace and other related projects.
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2024-06-10 19:50