Cardano founder Charles Hoskinson recently shared an update on the X platform about what’s in store for the Lace Wallet. He teased several exciting upgrades planned for the Cardano-based light wallet platform in the coming year.
Cardano’s Vision for 2025: Lace Wallet Expansion, Privacy Innovations, and Decentralized Governance
In a recent post on X, Charles Hoskinson shared that Lace Wallet is set to launch on multiple platforms, alongside other exciting new features. Just days earlier, he expressed optimism about Lace becoming a “powerhouse” in 2025, as the migration of users from Nami to Lace continues to gain momentum.
Lace is going to go through its largest upgrades and enhancements this year from multiplatform to many new and exciting features https://t.co/y9XxxAplCg
— Charles Hoskinson (@IOHK_Charles) January 4, 2025
Beyond Lace, the Cardano ecosystem is also working to improve other key projects. In November, Hoskinson had a technical discussion with Ripple’s CTO, David Schwartz, about Midnight and XRP. Midnight, Cardano’s privacy-focused blockchain project, is designed to ensure secure data handling while maintaining regulatory compliance. Hoskinson is confident in Midnight’s ability to drive advancements in privacy-centric decentralized applications (dApps) and broader blockchain innovation. Their discussion has sparked speculation about a potential collaboration between Cardano and Ripple.
Meanwhile, the Voltaire era, launched with the Chang Hard Fork upgrade in September, has marked a significant milestone for Cardano by transitioning governance to the community. Hoskinson stated that his final responsibility for the ecosystem is to remove any obstacles to this shift, pledging to address any issues that could delay progress this year.
Cardano Ventures into Bitcoin DeFi with Strategic Partnerships
Cardano is expanding its focus to include Bitcoin DeFi, responding to the growing demand for utility around the leading cryptocurrency. A recent partnership with BitcoinOS aims to create a bridge between the two ecosystems, opening up new possibilities for collaboration.
Also Read: What is Cardano, Its Key Features, and Use Cases?
The Cardano team is currently working on developing a Bitcoin roadmap demo, which is expected to be ready by May 2025. To achieve this milestone, Charles Hoskinson announced that Cardano will partner with Fair Gate Labs, a protocol specializing in Multi-Party Computation.
Meanwhile, Cardano’s price has risen by 3.4% in the past 24 hours, reaching $1.07, as excitement builds among investors over its upgrades and ambitious ecosystem plans.
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