Bitcoin integration is LIVE
The world of crypto evolves constantly, and Lace Wallet is keeping pace in all the right ways. With the latest Lace 1.22.0 release, the team has introduced a significant update: Bitcoin support. And, while Bitcoin DeFi is still pending, this move officially transforms Lace into a multichain wallet, bringing new power and flexibility to users who want to manage multiple assets in one place.
Let’s dive into what this means—and why Bitcoin integration matters.
So… What Is Bitcoin, Anyway?
Bitcoin is the original cryptocurrency—the one that started it all. Launched in 2009, it was created as a decentralized digital currency to enable peer-to-peer transactions without banks or central authorities. It runs on blockchain technology, ensuring transparency and security through a public ledger system.
One key feature? It has a hard cap of 21 million coins. That built-in scarcity is why many people call Bitcoin “digital gold.”
How does Bitcoin compare to other cryptocurrencies?
Although Bitcoin set the standard, it’s just one part of a fast-growing crypto ecosystem. Here’s how it compares to some of the other major players:
- Bitcoin is used for value storage and digital payments. It’s secure, simple, and widely accepted.
- Ethereum added the concept of smart contracts, powering a universe of decentralized applications (DApps) and finance.
- Cardano, which Lace was initially designed for, emphasizes scalability, efficiency, and peer-reviewed development.
In short, Bitcoin is the starting point, while Ethereum and Cardano (among others) are building more advanced use cases.
Why add Bitcoin to Lace?
Lace has a clear vision—to become the go-to wallet for the entire Web3 experience. That means supporting more than just Cardano assets. And what better place to expand than with Bitcoin – the most established name in crypto?
Now, with Bitcoin integrated directly into Lace, users can store, send, and receive BTC right alongside their ADA and other tokens—all in one clean, intuitive interface.
It’s also a step toward embracing Bitcoin decentralized finance (DeFi), an emerging space—though much less developed than Ethereum or Cardano-based DeFi ecosystems—where decentralized protocols can interact with Bitcoin’s large user base and established history.. As Charles Hoskinson, co-founder of Cardano and chief executive of Input | Output Group (IOG), put it:
“Bitcoin was the starting point for many people’s Web3 journey… Lace is creating a seamless, intuitive gateway to maximize the best of blockchain innovation.”
Pros and Cons of Bitcoin
Why people love Bitcoin
- Security: Its network is extremely robust and well-proven
- Decentralization: No single entity controls Bitcoin
- Liquidity: It’s the most widely traded crypto—easy to buy, sell, and use
Limitations of Bitcoin
- Scalability: Transaction speeds are relatively slow, with fewer transactions per second than newer chains
- Energy use: Its proof-of-work mechanism consumes significant electricity
- Limited flexibility: Unlike Cardano or Ethereum, Bitcoin has limited smart contract capabilities
The Bottom Line
With Bitcoin integration now live, Lace is stepping confidently into the multichain future. Whether you’re managing ADA or BTC, Lace aims to provide a unified, secure, and user-friendly wallet for the full Web3 experience.
You can get started today by downloading Lace to experience the future of crypto firsthand.
Looking to stay ahead in Web3? Lace is ready when you are.**
*Disclaimer: Bitcoin remains a widely recognised digital asset. Lace now supports BTC functionality, expanding users options for digital asset management.
**Disclaimer: Cryptocurrencies are volatile and not suitable for all investors. This article is for educational and informational purposes only and does not constitute investment, financial, or legal advice.