The latest upgrade from Cardano Light Wallet Lace presents users with the ability to multi-stake their ADA.
Lace 1.12 Offers Users Additional Security Layer
According to its new blog post, Lace now has a multi-staking feature it refers to as multi-delegation. This feature was included to cater to users who are essentially security-conscious about their investments. Most of the time, this group of users leverages hardware wallets for the extra layer of security that they are believed to possess.
With the multi-delegation added to Lace version 1.5, ADA can be delegated to multiple stake pools while circumventing the need for fund partitioning across multiple accounts. It is worth noting that regular hardware wallet users could not use multi-staking for the longest time.
Lace 1.12 changes the game by bringing the feature to Ledger and Trezor wallets. This feature is somewhat similar to the multi-wallet ability that came with Lace 1.9.
Cardano introduced Lace v.1.9, offering users access to multi-account setups within a single wallet. It simplifies asset management by allowing users to separate transactions or stake delegations effortlessly. Ultimately, the aim of the feature is to provide a seamless and organized way to handle digital assets.
More Features on Cardano Lace Update
Noteworthy, the multi-staking feature is only a tiny piece of the numerous improvements that came with Cardano Lace 1.12.
A new Fiat On feature, powered by Banxa, was equally integrated in this new version of the Cardano wallet. It allows users to easily fund their wallets with a fiat-to-ADA on-ramp using Banxa’s checkout referral link.
First, users are expected click a “Buy ADA” button after which they would be redirected to Banxa’s website where the transaction is completed. Once on the Banxa website, users would have to go through verification, Know-Your-Customer (KYC) procedures, and payment process to complete the Fiat-to-ADA transaction.
Additionally, an improved search option that produces better tailored results especially for those searching for stake pools by Pool Ticker, was also introduced. No action is required from Lace wallet users to enjoy this feature. Finally, the team behind the latest Cardano upgrade cleaned out some bugs from previous updates. This includes a few bugs in the UI and delegation portfolio & address book.
With the Cardano ecosystem undergoing different evolution, Charles Hoskinson has hinted the Chang Hard Fork might go live this month. With new governance set to launch, Cardano Lace and other products are poised to function more inclusively.
Read More: zkSync Introduces ZK Nation for Decentralized Governance
✓ Share:
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
