- Crypto users have heightened concerns about crypto wallets after Ledger’s controversy.
- Cardano Wallet Lace has turned open-source to restore trust in crypto wallets.
- Lace will ensure its wallet is more secure and decentralized by going open-source.
Ledger’s recent controversy has cast a shadow of doubt over the crypto community, leaving many questioning the integrity of their wallets. Concerns about backdoors and vulnerabilities have heightened people’s caution with current security measures. In response to the growing skepticism, Cardano Founder Charles Hoskinson has advised users to opt for open-source software that delivers on its promises and keeps things transparent.
In line with Hosksinson’s recommendation, many wallets and security providers like Cardano Wallet Lace are taking necessary steps to restore trust and instill user confidence in the current uncertain atmosphere.
