Charles Hoskinson Announces Bitcoin Integration in Lace Wallet
In a significant announcement, Charles Hoskinson, the creator of Cardano (ADA), revealed that Bitcoin (BTC) has now been integrated into the Lace wallet. Announcing this milestone via X, he celebrated the arrival of Bitcoin by stating,
“You can now use Bitcoin with Lace. Welcome home, Bitcoin.”
Features of the New Lace Wallet Version
Lace, which is a cryptocurrency wallet developed by IOHK – one of the core teams behind Cardano – has rolled out its latest version, 1.22, which introduces Bitcoin Beta support. This upgrade allows users to store and manage their BTC directly within the Lace wallet, a feature that had not been available until now.
The inclusion of Bitcoin marks a substantial advancement for the Cardano platform, showcasing a willingness to embrace the largest digital currency. Hoskinson’s welcoming remarks signify a broader acceptance of Bitcoin within the Lace ecosystem, reflecting a vital step in IOHK’s ambition for a multichain wallet capable of managing assets from various blockchains. With Bitcoin being the first to be supported, the wallet aims to expand its offerings beyond just Cardano.
Implications for Cardano’s Future
This integration aligns with Cardano’s broader goal of enhancing interoperability among different blockchain networks, which could have positive implications for the value of ADA going forward.
The previous update to Lace, version 1.17.5, was released in late November 2024 and focused on improving synchronization speeds and transaction efficiency, paving the way for interaction with intricate blockchain systems. Similar advancements are expected with Lace 1.22 as well.
Community Updates and Market Performance
Furthermore, Hoskinson recently conveyed good news to the Cardano community, announcing the successful completion of its initial scaling roadmap. This development has sparked optimism among holders, with the potential for an increase in ADA’s price on the horizon.
As of the latest data, ADA was trading at $0.7030, representing a modest rise of 0.64% over the past day, with trading volume surging by 67.57% to reach $28.53 billion during the same period.
