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"Cardano's Lace Wallet: Bitcoin Integration, Firefox Support, and Faster Releases"

Coin WorldThursday, Jan 30, 2025 3:32 am ET

1min read

Cardano's Lace Wallet Sees Major Update, Including Bitcoin Integration and Firefox Support

Cardano founder Charles Hoskinson recently revealed significant updates to the Lace wallet, including faster release cycles, upcoming Firefox support, and imminent Bitcoin integration. In a livestream broadcast on January 29, Hoskinson discussed the Lace team's operational changes, which have led to a more rapid deployment strategy, resulting in multiple new features now available to users.

The updated organizational framework has driven a more rapid deployment strategy, with Hoskinson describing it as "ship fast, ship often." Among the most significant announcements was the addition of compatibility with Firefox, expected in the coming weeks. Hoskinson also confirmed that Bitcoin support is on the near horizon: "For example, I think in the next two to four weeks we should have Firefox support [...], and Bitcoin support is coming very soon as well."

Lace version 1.19 features a new dapp Explorer, which aims to streamline how users discover and interact with Cardano-based decentralized applications. Hoskinson noted that this Explorer is effectively the first phase of a more robust dapp store: "We decided to stage it and have it kind of as first a dapp Explorer, and then over time build out a whole house of capabilities for it."

By integrating with platforms such as MinSwap and Sunday Swap, the dapp explorer illustrates a path toward more user-friendly crypto transactions. During the demonstration, Hoskinson used the explorer to buy various tokens, highlighting how recent improvements have shortened transaction confirmation times "from hours to seconds."

In a push to improve user experience and security, Lace now offers PGP-encrypted paper wallets, which Hoskinson described as the best backup method yet. Holding up his own example, he remarked: "This right here is my paper wallet. It's encrypted with my PGP key so you guys can scan that, follow that wallet, see what we do with it, but nobody can recover it."

Additionally, Lace incorporates "Nami mode," allowing users to preserve familiar Nami wallet features. Hoskinson acknowledged that the toggle was not immediately obvious in his test, underscoring the team's commitment to refining the user interface. The 1.19 release also introduces early-stage multisig capabilities and support for multi-stake pool delegation, further enhancing Cardano's growing ecosystem of decentralized finance

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