As by U.Today when the wallet was first launched, Lace was designed with so much engineering vigor that it is possible to keep custody of both Cardano tokens and non-fungible tokens (NFTs). By putting its code online, developers can now build a similar product that can largely benefit the world.
It is an essential time for Cardano to show transparency, considering the current onslaught of the United States Securities and Exchange Commission (SEC) against exchanges, which also Cardano’s native token ADA as a security.
While Input Output Global (IOG) has debunked claims from the market regulator, related moves to show its decentralized nature can go a long way to proving it is an utility token should it need to prove itself later on.
Cardano remains one of the blockchain outfits that maintains a and with its best efforts going public, the protocol has solidified its mission of contributing to the evolution of the Web3.0 ecosystem.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
