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In a recent interview, Charles Hoskinson, Co-Founder and CEO of Input Output Global (aka \u201cIOG\u201d), the blockchain technology firm behind Cardano\u2019s R&D, explained what is special about $ADA wallet \u201cLace\u201d.<\/p>\n
Lace<\/a>, which is a Cardano wallet being developed by IOG, is currently at the beta stage. According to IOG, it \u201cbrings together a wealth of Web3 features, from managing digital assets, to accessing NFTs, DApps, and DeFi services, so you can discover and enjoy a new world of digital experiences.\u201d<\/p>\n Hoskinson\u2019s comments were made with Peyton Winget<\/a>, who is the Co-Founder and CEO of Bloom Pool LLC<\/a> (as well as Founder and CEO of Atirum Lab), at the \u201cRare Bloom<\/a>\u201d event in Denver, Colorado (October 14-15, 2002), which was hosted by the Cardano community at the Gaylord Rockies Resort and Convention Center.<\/p>\n When asked about Lace, Hoskinson said:<\/p>\n \u201cI thought a lot about how do we get Cardano to a billion users? How do we get the ecosystem to become the world\u2019s financial operating system?\u2026<\/em><\/p>\n –><\/p>\n –><\/p>\n \u201cWhat is the consumer interface? What is the portal upon which a billion people will do stuff, whether they\u2019re playing with NFTs, they\u2019re issuing assets, they\u2019re doing DeFi things, they\u2019re playing video games, there\u2019s identity components, estate planning components managing billions of dollars, security tokens, all this type of stuff. <\/em><\/p>\n \u201cSo, about last year, we said let\u2019s start a research project to imagine what a portal and interface to all of those use cases would look like to go above and beyond what a normal cryptocurrency wallet does. So, an identity-first wallet with full node security but light enough to be on a phone\u2026<\/em><\/p>\n \u201cWe put some of our best people together. We took a lot of great new technologies like Mithril and Atala PRISM and a lot of legacy stuff that we invented in the cardano ecosystem, and we pulled it all together, and now Lace as a product is starting to come out to market.<\/em><\/p>\n \u201cIt\u2019s one of our first commercial B2C products, and so it\u2019s not a reference client. It\u2019s not like Daedalus, which is a neutral playground, but rather this is IO\u2019s view of how crypto ought to be done and our hope is that it\u2019s going to kind of push along the standards for our entire ecosystem, get every wallet to become Mithril-enabled, have people start really getting identity seriously, talk about certified wallet standards, and these types of things. <\/em><\/p>\n \u201cIt\u2019s a browser based interface. It\u2019ll eventually come to your cellphone and to the desktop and every step of the way. It\u2019s innovating as much as it can. So, we\u2019re real excited to kind of demo it, build a beta movement around it with some pioneers, and hopefully we\u2019ll be able to translate that into a very successful ecosystem that can bring in everybody, not just the crypto enthusiasts, but the entire space.<\/em><\/p>\n \u201cIt\u2019s also going to be cross chain. So, it\u2019s not just Cardano. It\u2019ll support Bitcoin, Ethereum,and a lot of other ecosystems and showcase what we\u2019ve created as an ecosystem to the rest of the cryptocurrency space in that respect.<\/em>\u201c<\/p>\n
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