Cardano Lace Wallet Upgrade: Now Supports Trezor and Ledger with Multi-Staking Feature

  • The Cardano Lace wallet has recently undergone a significant upgrade.
  • The update includes several new features aimed at enhancing user experience and functionality.
  • One of the standout features is the integration of multi-staking support for Ledger and Trezor hardware wallets.

Cardano Lace wallet rolls out an extensive update, integrating Ledger and Trezor with multi-staking capabilities.

Cardano Lace 1.12: Enhanced Security and Multi-Staking

The new Lace 1.12 update offers users an innovative multi-staking feature, termed “multi-delegation.” This addition is particularly geared towards users prioritizing security. Leveraging hardware wallets like Ledger and Trezor provides an extra layer of security which is highly valued by this user group.

Seamless ADA Staking Across Multiple Pools

With Lace 1.12, users can now delegate ADA to multiple stake pools without the hassle of partitioning funds across different accounts. This development marks a significant improvement, as hardware wallet users previously had limitations in accessing multi-staking functionalities. The latest update broadens their horizon, simplifying the staking process while retaining robust security features.

Introduction of the Fiat On-Ramp Feature

Alongside the multi-staking capability, Lace 1.12 introduces a new fiat on-ramp feature powered by Banxa. This feature simplifies the process of funding wallets by integrating a seamless fiat-to-ADA on-ramp via Banxa’s checkout link. After clicking the “Buy ADA” button, users are redirected to Banxa’s platform to complete the transaction, following standard verification, Know-Your-Customer (KYC) procedures, and payment processing.

Enhanced Search Functionality and Bug Fixes

The update also includes an enhanced search function, providing tailored results when searching for stake pools by Pool Ticker. This feature requires no additional actions from users and significantly improves the user experience within the Lace wallet. Additionally, several bugs identified in previous versions, particularly within the UI, delegation portfolio, and address book, have been rectified in this update.

Conclusion

The latest upgrade to the Cardano Lace wallet marks a significant milestone in the Cardano ecosystem’s evolution. By introducing features such as multi-staking through Ledger and Trezor integrations, a fiat on-ramp, and enhanced search functionalities, the Lace 1.12 update makes a compelling case for existing and new users. With the Cardano ecosystem continually undergoing enhancements, including the anticipated Chang Hard Fork, these updates position the Lace wallet as a crucial tool for users seeking streamlined, secure, and efficient asset management solutions.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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