- Lace wallet version 1.22 introduces Bitcoin Beta support, marking a shift toward multichain capabilities for Cardano’s ecosystem.
- IOHK’s integration of Bitcoin into Lace follows recent improvements in wallet performance and user experience from past updates.
- ADA’s market activity rose alongside the update, with price and trading volume increasing after Hoskinson confirmed the roadmap’s completion.
Cardano founder Charles Hoskinson confirmed Bitcoin is now supported on the Lace wallet. In a post shared on X, he wrote, “You can now use Bitcoin with Lace. Welcome home, Bitcoin.” The announcement reflects a broader move toward multichain compatibility within the Cardano ecosystem.
Lace version 1.22, the latest Input Output Hong Kong (IOHK) release, allows users to store and manage Bitcoin directly within the wallet. IOHK is one of the core development teams behind Cardano. This update marks Bitcoin’s first integration into the Lace ecosystem.
Cardano Strengthens Interoperability Strategy
The integration of Bitcoin into Lace supports Cardano’s ongoing goal to enable cross-chain functionality. Lace has been positioned as a multichain wallet and now begins its expansion beyond ADA. The addition of Bitcoin as the initial onboarding blockchain highlights Cardano’s growing commitment to interoperability.
The previous Lace update, version 1.17.5, released in late November 2024, improved syncing speeds and data fetching capabilities. These improvements made it easier for users to interact with complex blockchain environments. Expectations are high that version 1.22 will offer similar enhancements with Bitcoin now part of the platform.
ADA Market Sees Growing Optimism
The timing of this update coincides with rising optimism in the ADA market. Hoskinson recently announced the completion of Cardano’s original scaling roadmap. Following this, ADA recorded a price of $0.7030, reflecting a 0.64 percent rise in 24 hours. Trading volume also surged by over 67% to reach $28.53 billion.
IOHK seeks to expand blockchain support for Lace after finishing the Bitcoin integration process. The development team executes this feature to build a fully integrated crypto system. The addition of Bitcoin advances Cardano’s goal of expanding its audience while boosting its importance within the growing multichain system.
