New Cardano Wallet Yoroi Is Released on the Mainnet

By Daily Hodl Staff

The team at Cardano (ADA) is stepping up its wallet game with the release of Yoroi. Charles Hoskinson, co-founder of IOHK and creator of Cardano, announced today that Yoroi has launched on the mainnet.

Yoroi is a Google Chrome browser extension. It’s a lightweight wallet that takes up little bandwidth because it doesn’t need to download a full copy of the blockchain onto users’ computers. Private keys are encrypted and stored on computers, not centralized servers, providing an extra level of security.

Yoroi can be synced with Cardano’s full-node wallet, Daedalus, which connects with servers to download a full copy of the blockchain. ADA can be sent between both wallets.

Yoroi, an Emurgo product, is the result of a hardfork of IOHK’s Icarus, initiated in March to create a lightweight Cardano wallet.

Cardano is currently the ninth largest coin with a market capitalization of just over $2 billion. [the_ad id="42537"] [the_ad id="42536"]

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