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<ul>
<li><strong>Cardano has elected the Interim Constitutional Committee (ICC) in prep for its major decentralization push.</strong></li>
<li><strong>Cardano’s ADA stands to benefit from this community initiative and future plans in the long term.</strong></li>
</ul>
<hr />
<p><span>The Cardno ecosystem is moving towards a decentralized governance structure by establishing a Constitutional Committee. This development comes in preparation for the Voltaire upgrade, as revealed in a </span><a href="https://www.youtube.com/watch?v=TddvBoflGDM" target="_blank"><span>YouTube video</span></a><span> by Charles Hoskinson, Cardano’s founder.</span></p>
<h3><b>Cardano Forms Constitutional Committee</b></h3>
<p><span>Hoskinson noted that the Constitutional Committee is similar to a blend of a Supreme Court and a Senate. This committee will work alongside the Decentralized Representatives (DS) selected by the community to guide the network’s evolution.</span></p>
<p><span>The Cardono founder disclosed that the decision to build a robust governance system has been in the works for the past two years, with more than 25 workshops held globally. According to Hoskinson, the first step toward activating this governance system was the election of the Interim Constitutional Committee. </span></p>
<p><span>This temporary committee, consisting of three community-elected members, will help transition the </span><a href="https://www.crypto-news-flash.com/cardano-adopts-inter-blockchain-communication-to-boost-network-interoperability/" target="_blank"><span>Cardano</span></a><span> ecosystem toward a new constitution. Expectations are high that the new constitution will be adopted by the end of this year or early next year. </span></p>
<p><span>For the first time, the Cardano community had the opportunity to vote and campaign for roles within the ecosystem. Twenty-one candidates worldwide ran for three open seats, representing various coalitions. </span></p>
<p><span>As tallied and audited by community members, the three winners were from the Cardano Atlantic Council, Cardano Japan, and the Eastern Cardano Council. These groups represent diverse countries, including the United States, Norway, Canada, Brazil, Japan, New Zealand, Australia, South Korea, and Vietnam.</span></p>
<p><span>The elected members have been invited to a Constitutional Committee training workshop in Colorado to prepare for their roles. They will discuss how to collaborate with institutions like the </span><a href="https://www.crypto-news-flash.com/cardano-foundation-launches-pragma-a-new-chapter-in-open-source-blockchain-development/" target="_blank"><span>Cardano Foundation</span></a><span>, Emurgo, and Input-Output.</span></p>
<p><span>A key committee responsibility is coordinating with DS to ensure effective governance and representation. They will also oversee the budget process, which will manage a treasury of over 1.5 billion ADA. Furthermore, the committee will engage in discussions about remuneration and support for committee members and DS. Another duty pointed out by Hoskinson is to facilitate the Constitutional Convention in Buenos Aires, Argentina, this December.</span></p>
<h2><b>The Road Ahead for Cardano</b></h2>
<p><span>Charles Hoskinson believes that Cardano’s approach to governance is unique and has the potential to be better than traditional systems. He, however, acknowledges that there are challenges ahead and that it will take time to build a perfect system.</span></p>
<p><span>The interim constitution is just a starting point, and the final document will be shaped by input from 50 workshops worldwide. These workshops will elect delegates to finalize the constitution in Argentina. Hoskinson concluded by thanking the people who participated in the election and expressing his optimism for the future of Cardano.</span></p>
<p><span>Reiterating </span><a href="https://www.crypto-news-flash.com/cardano-and-voltaire-advancing-core-technology-and-community-governance/" target="_blank"><span>Crypto News Flash’s earlier reports</span></a><span>, Hoskinson reminded the skeptics that the Voltaire upgrade would propel increased adoption of ADA. At the time of this writing, ADA is trading at <span>$0.3942</span>, up by <span>2.3%</span> in the past 24 hours, with a market cap of $14 billion.</span></p>
<p><span>Based on ADA’s current trend, market analysts believe the token could soar to $24, as </span><a href="https://www.crypto-news-flash.com/cardano-ada-price-analysis-analyst-predicts-24-target-amid-resilience-and-upgrades/" target="_blank"><span>Crypto News Flash had earlier detailed</span></a><span>.</span></p>
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	</div><p>This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.</p>

Crypto News Flash (EN)

Cardano Prepares for Major Governance Shift with New Constitutional Committee

<h2 style="margin-left:auto;"><span style="color:rgb(0,0,0);"><strong>Community governance in action</strong></span></h2><p style="margin-left:auto;text-align:justify;">In late May, we opened up applications to join the first interim Constitutional Committee (ICC), the body that will uphold the <a href="https://constitution.gov.tools/en"><u>interim Constitution</u></a>&nbsp;and vote on the very first on-chain governance actions. Many individuals, organizations, and consortia from across the community applied to take on this significant responsibility. In doing so, and regardless of the outcome, they have contributed to the developing maturity and strengthening of Cardano’s governance.</p><p style="margin-left:auto;text-align:justify;">The 21 applicants got together on X to introduce themselves and their candidacy to over 7,000 community members who tuned in. The community as a whole has been voting for its three representatives on the ICC to sit alongside pioneer entities IOG, EMURGO, and the Cardano Foundation, and member-based organization, Intersect.</p><h2 style="margin-left:auto;"><span style="color:rgb(0,0,0);"><strong>The results are in…</strong></span></h2><p style="margin-left:auto;text-align:justify;">The election saw 455, 779, 792, 149, 846 (455, 779, 792 ada) staked and 1947 unique votes. We are pleased to announce the outcome, and confirm the remaining three seats on Cardano’s interim Constitutional Committee - see the top 6 as confirmed by ranked choice:</p><p style="margin-left:auto;text-align:justify;"><img class="image_resized" style="width:1359px;" src="https://44172072.fs1.hubspotusercontent-na1.net/hubfs/44172072/Results%20Chart.png" alt="Results Chart" loading="lazy"></p><p style="margin-left:auto;text-align:justify;"><span style="color:rgb(0,0,0);"><i><strong>Note:</strong> Data provided by Summon Platform, a blockchain development group contracted by Summon MBO. Ada totals reflect voting results after a series of simple run-off elections where the candidate with the lowest number of votes was eliminated, until only six candidates remained. For more information on the ranked choice voting process used in this election please see the </i></span><a href="https://icc-election.intersectmbo.org/faq"><span style="color:rgb(0,0,0);"><i><u>FAQs</u></i></span></a><span style="color:rgb(0,0,0);"><i>&nbsp;provided by the Summon Platform. Full audits will be made available shortly once formatted for publication.</i></span></p><p style="margin-left:auto;text-align:justify;">Our sincere congratulations to the <a href="https://intersect.gitbook.io/2024-constitutional-committee-members-election/candidates/the-cardano-atlantic-council"><u>Cardano Atlantic Council</u></a>, <a href="https://intersect.gitbook.io/2024-constitutional-committee-members-election/candidates/cardano-japan"><u>Cardano Japan</u></a>, and <a href="https://app.gitbook.com/o/Prbm1mtkwSsGWSvG1Bfd/s/LQX9Yzpr2CgxQjPsjkZf/candidates/eastern-cardano-council"><u>Eastern Cardano Council</u></a>&nbsp;who have been elected by the community as their top three preferred candidates. In addition, congratulations to Mauro Agustín Andreoli, Scientific Analytical Tools LLC, and Joshua Stone who are confirmed as alternates in the event one (or more) from the top 3 decline to sit on the ICC. Once again, a huge thanks to all candidates listed below that took the time to apply and play an important part in the Cardano governance journey:</p><p style="margin-left:auto;text-align:justify;">Aaron Ou, Abe Ellis, Andrew Donovan, Ático Mismana, Cardano Confederation of Emerging Economies, INO NPO, Johnny Kelly, Jonathan Partlow, Kamaldeen Musah, Kevin Mohr, Lloyd Duhon, Nicodemus Rodriguez, Rich Manderino (EarnCoinPool), Tevo Saks, Vaibhav Solanki</p><h2 style="margin-left:auto;"><span style="color:rgb(0,0,0);"><strong>What’s next?</strong></span></h2><p style="margin-left:auto;text-align:justify;">For the elected representatives, onboarding will commence shortly and the Intersect Constitutional Support team will be reaching out. On a related note, we’re <a href="https://www.intersectmbo.org/news/intersect-constitutional-council"><u>welcoming applications to form Intersect’s own Constitutional Council</u></a>. All Intersect members (especially those not successful in this election) are encouraged to apply!</p><p style="margin-left:auto;text-align:justify;">Beyond the ICC, the 50 global workshops to draft Cardano’s final Constitution will start in August, with the final line-up being confirmed in early July. We hope as many of you as possible will have your say on the drafting of the final Constitution, as well as electing delegates to attend the Constitutional Convention in Buenos Aires in December.</p><h4 style="margin-left:auto;"><span style="color:rgb(0,0,0);">How to get involved:</span></h4><ul><li><a href="https://www.intersectmbo.org/news/intersect-constitutional-council"><u>Apply to join the Intersect Constitutional Council</u></a>&nbsp;- the member-led group that will make-up Intersect’s one vote on the ICC.</li><li>We are calling for members to join the evaluation team to score candidates early the week of July 1. Please <a href="https://docs.google.com/forms/d/e/1FAIpQLScnsL9S5WaNlCb2Q0VijkEr_Js_pkUpvghcsjRYK89m-vdAYA/viewform"><u>apply here</u></a>&nbsp;before 18:00 UTC on Friday June 28.</li><li>The interim Constitution is now live and <a href="https://constitution.gov.tools/en"><u>available to read now on the new Constitutional Committee portal</u></a>.</li><li>Stay close to<a href="https://x.com/IntersectMBO"><u>&nbsp;our socials</u></a>&nbsp;to find out how you can attend one of 50 global workshops to input on the draft Constitution (confirmed workshops announced on July 3).</li><li>Keep testing the technical features by heading to<a href="https://sancho.network/"><u>&nbsp;SanchoNet</u></a>&nbsp;to learn more, and to<a href="https://sanchogov.tools/"><u>&nbsp;GovTool</u></a>&nbsp;to participate with a user-friendly experience.</li></ul>

Intersect

Meet the interim Constitutional Committee

<div>
																<p>Cardano (ADA) is the blockchain network founded by IOHK, a company created by Ethereum co-founder Charles Hoskinson in 2015. It is known for its methodical and scientific approach to building the ecosystem.</p>
<p>Cardano’s core team is also known for its meticulous, peer-reviewed development approach. Its proponents believe the slower pace is necessary for long-term growth, sustainability, and robustness.</p>
<p>As with any other crypto ecosystem, self-custody wallets play a very important role in Cardano. The following is a comprehensive overview of the best wallets to consider to store and use your ADA.</p>
<h2>Quick Navigation</h2>
<ul>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#1">Types of Cardano (ADA) Wallets</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2">The Best 6 Cardano Wallets</a>
<ul>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.1">Daedalus – Best Cardano Desktop Wallet</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.2">Nami – Best Cardano Web Wallet</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.3">VESPR – Best Cardano Mobile Wallet</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.4">Yoroi Wallet – Best Cardano Light Wallet</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.5">Eternl – Best Cardano Wallet for Staking</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.6">Exodus – Best Cardano Wallet for Hardware Integration</a></li>
</ul>
</li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#3">Best Cardano (ADA) Wallets – Final Тhoughts</a></li>
</ul>
<h2 id="1">Types of Cardano (ADA) Wallets</h2>
<p>The broader categorization can be defined within two major types: hot and cold wallets.</p>
<p>Hot wallets are online software applications providing users with many features to store and manage cryptocurrencies like ADA. Other key features of hot wallets are cross-chain transfers and access to decentralized applications (dApps) on Ethereum, Cardano, Solana, etc.</p>
<p>In contrast, cold wallets are physical hardware devices similar to USB drives. They offer increased security by keeping cryptocurrencies offline, yet they’re not as flexible and dynamic—or user-friendly—as hot wallets.</p>
<p>Several subtypes of wallets exist, such as desktop, web browser, mobile, etc. However, Cardano is also quite popular because it supports many light wallets.</p>
<p>Let’s review them below.</p>
<h3>Desktop Wallets</h3>
<p>Desktop wallets are software programs installed on computers. They offer advanced features like integrated staking, support for a broader range of cryptocurrencies, and heightened security measures.</p>
<p>Most desktop wallets are non-custodial, meaning users have complete control over their private keys, allowing them to manage cryptocurrency transfers directly without relying on third parties like exchanges.</p>
<p>Desktop wallets have their fair share of downsides: they require an internet connection, making them vulnerable to malware, hackers, and other online threats, and they require a certain level of technical proficiency to install and operate effectively.</p>
<h3>Web Wallets</h3>
<p>Web wallets are browser extensions that allow users to manage, store, and transact with cryptocurrencies directly through web browsers like Chrome, Firefox, and Opera. They provide flexibility and accessibility and support various digital asset activities, including dApps, Web3 applications, and NFTs.</p>
<p>However, they might not be as dynamic as desktop or mobile wallets and might not offer the same number of features.</p>
<h3>Mobile Wallets</h3>
<p>Mobile wallets, available for iOS and Android devices, provide convenience for managing assets on the go. Most mobile-based wallets are user-friendly and allow users to explore Web3 and DeFi applications across several blockchains.</p>
<p>The principal risks of mobile wallets should be evident—malware attacks, phishing scams, SIM swaps, and the potential loss of your mobile device.</p>
<h3>Light Wallets</h3>
<p>Light wallets operate through an external full node that allows them to interact and receive specific and relevant transaction payments, data, and other information without downloading the entire blockchain. That’s because the full node already has a copy of that ledger.</p>
<p>These features make light wallets a convenient solution that offers accessibility, as they’re faster to set up, require minimal device storage, and have user-friendly interfaces. However, they are as secure as the external node, which means dependency, and may lack certain advanced functionalities compared to full nodes (like running the actual validator node).</p>
<h3>Hardware Wallets</h3>
<p>Hardware wallets provide elevated security for cryptocurrencies by generating and storing private keys offline, safeguarding them from internet-based threats like hacking and online attacks. This offline storage minimizes the risk of unauthorized access to funds.</p>
<p>Despite offering the highest security measures, hardware wallets have some drawbacks. Their small size makes them prone to loss, potentially resulting in the loss of funds. Additionally, they lack the flexibility and dynamism of software wallets, which may restrict specific user preferences or functionalities.</p>
<p>Despite the robust security features of hardware wallets, fund loss or hacking incidents are typically attributed to user error or the physical loss of devices.</p>
<p>The following article explores and details the best Cardano wallets in the market. These wallets were chosen based on their level of security, flexibility, fees, and overall functionality.</p>
<h2 id="2.1">Daedalus – Best Cardano Desktop Wallet</h2>
<p><a href="https://daedaluswallet.io/" target="_blank">Daedalus</a> is one of the best Cardano wallets for desktop users. While it’s not an official wallet of the Cardano blockchain, it’s mentioned on the protocol’s official website as IOHK supports it.</p>
<p>Daedalus is open-source and can be downloaded in multiple operating systems, such as MacOS, Linux, and Windows.</p>
<p>Daedalus is designed with web technologies based on Electron, an established open-source protocol for developing cross-platform desktop applications.</p>
<h3>Notable Features of Daedalus</h3>
<ul>
<li>Fully open-source, can be reviewed by anyone</li>
<li>Allows ADA staking, with rewards earned directly on the wallet</li>
<li>Runs a full node</li>
<li>It’s compatible with most operating systems</li>
</ul>
<h3>Daedalus Security</h3>
<p>One of the things that makes Daedalus stand out is that it runs a full node. That means the wallet downloads and stores a copy of the entire Cardano network on your desktop. This is better overall in terms of security and decentralization than light clients.</p>
<h3>Pros and Cons of Daedalus</h3>
<p>Pros explained:</p>
<ul>
<li>Developed and supported by IOHK</li>
<li>High level of security</li>
<li>Allows users to stake ADA</li>
<li>Fully open-source</li>
<li>Desktop support for most operating systems</li>
<li>Provides hardware wallet integration (Ledger)</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>Requires a large amount of storage space (around 10GB of space to download)</li>
<li>Syncing blockchain transactions takes a long time, given that it’s a full node.</li>
<li>No access to dApps on Cardano</li>
</ul>
<h2 id="2.2">Nami – Best Cardano Web Wallet</h2>
<p><a href="https://www.namiwallet.io/" target="_blank">Nami</a> is a browser-based Cardano wallet built exclusively for the Cardano blockchain. It’s a lightweight client that accesses transaction data through external nodes.</p>
<p>Nami is one of the best ADA wallets for its user-friendliness and easy setup, but also because it’s pretty feature-rich. It’s also one of the few wallets that supports Cardano tokens like ADAX and USDM, the blockchain network’s native fiat-backed stablecoin.</p>
<h3>Notable Features of Nami</h3>
<ul>
<li>Users can stake, send, and receive ADA and Cardano tokens, including stablecoins like USDM</li>
<li>Supports all NFTs on the Cardano blockchain, making it one of the few Cardano wallets to provide such a feature</li>
<li>Supports multipool staking. Users can stake ADA with Nami and delegate it to one or multiple Cardano Stake Pools</li>
<li>While the wallet is free to use, but there might be fees and commissions from third-party services</li>
<li>It allows users to import one recovery phrase and pair multiple hardware wallets, which is a plus in terms of security</li>
</ul>
<h3>Nami Security</h3>
<p>Nami provides basic security mechanisms. It supplies users with a seed phrase of 24 words and allows hardware wallet integration with Trezor or Ledger for an extra layer of security.</p>
<h3>Pros and Cons of Nami</h3>
<p>Pros explained:</p>
<ul>
<li>User-friendly wallet with easy setup</li>
<li>Provides several features, such as NFT trading, multipool staking, and more</li>
<li>Supports Cardano tokens</li>
<li>Allows multiple hardware wallet integrations</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>No mobile app</li>
<li>Limited to ADA</li>
</ul>
<h2 id="2.3">VESPR – Best Cardano Mobile Wallet</h2>
<p><a href="https://vespr.xyz/" target="_blank">VESPR</a> is the best Cardano wallet for mobile users. It’s another non-custodial lightweight wallet exclusively built for the Cardano ecosystem.</p>
<p>VESPR operates as a non-custodial wallet, ensuring user privacy by not storing personal information such as email addresses, passwords, secret recovery phrases (SRPs), or private keys.</p>
<p>Likewise, the wallet is praised for its simple and intuitive design—but it’s packed with enough features to keep advanced users busy all day.</p>
<h3>Notable Features of VESPR</h3>
<ul>
<li>VESPR features a built-in decentralized exchange (DEX) aggregator that helps users find the best exchange rates across all Cardano DEXs</li>
<li>The wallet allows users to explore hundreds of dApps on the Cardano ecosystem thanks to its dApp Browser feature</li>
<li>It supports NFTs on Cardano, allowing users to send, receive, and trade NFTs directly on the wallet</li>
<li>VESPR is a community-run project, with users having the right to vote on proposals to improve or change the wallet</li>
<li>Allows users to stake ADA and earn around 3% APY directly on the wallet</li>
</ul>
<h3>VESPR Security</h3>
<p>VESPR leverages multiple encryption methods to safeguard users’ funds and general data. Likewise, it allows users to set up passwords, pins, and biometric authentication. For an extra security touch, it supports hardware wallet integration with Ledger.</p>
<p>VESPR was also the first ADA wallet to undergo an audit.</p>
<h3>Pros and Cons of VESPR</h3>
<p>Pros explained:</p>
<ul>
<li>User-friendly mobile wallet</li>
<li>Supports staking</li>
<li>Community-led project</li>
<li>Open-source</li>
<li>Feature-rich wallet</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>No support for other wallets or blockchains</li>
<li>No desktop support</li>
</ul>
<h2 id="2.4">Yoroi Wallet – Best Cardano Light Wallet</h2>
<p><a href="https://yoroi-wallet.com/#/" target="_blank">Yoroi</a> is a light wallet designed by EMURGO, a crypto company that produces blockchain products for Cardano. It’s available as a browser extension and has a mobile version for iOS and Android users.</p>
<p>Yoroi comes with a handful of features for ADA enthusiasts, including an NFT gallery for users to display, explore, store, and trade NFTs and a Web3 portal to access Cardano’s vast ecosystem of dApps and decentralized protocols.</p>
<h3>Notable Features of Yoroi Wallet</h3>
<ul>
<li>Yoroi facilitates onboarding by providing a user-friendly interface for wallet funding, staking, and swapping tokens</li>
<li>It provides a dApp browser and supports several blockchains, including EVM-compatible networks</li>
<li>While it does not provide multipool staking, users can stake ADA by delegating to network validators</li>
<li>Besides ADA, it supports Cardano-based tokens, including stablecoins such as USDM</li>
</ul>
<h3>Yoroi Wallet Security</h3>
<p>Yoroi is a self-custodial wallet that generates encrypted private keys for users and allows them to set up password protection and recovery seed options in case they lose access to their funds. The wallet is also open-source, allowing anyone to explore the source code on GitHub.</p>
<p>Yoroi also allows users to integrate a hardware wallet, like Trezor and Ledger, adding an extra layer of security for their funds.</p>
<h3>Pros &amp; Cons of Yoroi Wallet</h3>
<p>Pros explained:</p>
<ul>
<li>Supports ADA staking</li>
<li>Supports Cardano tokens</li>
<li>Provides a dApp browser</li>
<li>Supports hardware wallet integration</li>
<li>Comes in a mobile version for iOS and Android</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>Does not support multipool staking</li>
<li>Relies on external nodes for accessing blockchain data</li>
</ul>
<h2 id="2.5">Eternl – Best Cardano Wallet for Staking</h2>
<p><a href="https://eternl.io/" target="_blank">Eternl</a> is a versatile light wallet developed by the team behind TITAN and AHL, two popular Cardano staking pools. It’s among the most popular Cardano wallets on social media and the ADA community.</p>
<p>Eternl comes in multiple versions—browser extension, desktop, and mobile. It’s self-custodial, so users bear responsibility for their privacy and security. Similarly, it’s a community-run project with an open-source code, encouraging developer contributions.</p>
<p>It’s one of the best Cardano wallets for staking because it supports all Cardano tokens and provides multipool staking with high APY. Moreover, the user-friendly interface facilitates all the features within the wallets.</p>
<h3>Notable Features of Eternl</h3>
<ul>
<li>Eternl provides access to Cardano dApps through a browser extension and a mobile app. It’s one of the best Cardano wallets for exploring and engaging with the ecosystem</li>
<li>Supports multipool staking, providing users with 3.5% in APY on multiple Cardano pools</li>
<li>Supports multiple types of tokens, including NFTs and Cardano-based tokens, making it a versatile solution for users</li>
<li>Allows users to integrate hardware wallets for extra security</li>
</ul>
<h3>Eternl Security</h3>
<p>Eternal provides all the necessary security features, such as a recovery phrase, password, biometric access, and other mechanisms. However, it’s not open-source, which might be a concern because it’s a light wallet relying on external parties.</p>
<h3>Pros &amp; Cons of Eternl</h3>
<p>Pros explained:</p>
<ul>
<li>Accessible as a mobile app on the App Store and Google Play and as browser extensions for Brave Browser and Google Chrome</li>
<li>Fast synchronization for transaction and data retrieval</li>
<li>Staking and dApps: Eternl simplifies staking and connecting to decentralized applications, making it convenient for users to engage with Cardano’s ecosystem</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>It is not open source, leading to concerns about transparency among some users</li>
<li>Complex interface, which might not be ideal for new users</li>
</ul>
<h2 id="2.6">Exodus – Best Cardano Wallet for Hardware Integration</h2>
<p><a href="https://www.exodus.com/" target="_blank">Exodus</a> is a versatile crypto wallet that can be the best option for safeguarding ADA thanks to its integration with Trezor, more specifically, Trezor Safe 3, which supports over 8,000 cryptocurrencies and comes with security features like the Secure Element, a certified EAL6+ chip.</p>
<p>The wallet supports over 50 blockchain networks. It’s available as a desktop wallet, browser extension, and mobile app on iOS and Android.</p>
<h3>Notable Features of Exodus Wallet</h3>
<ul>
<li>Exodus supports in-app staking for ADA, allowing users to earn rewards directly on the app</li>
<li>The wallet provides a feature-rich browser extension for accessing Cardano dApps and NFTs</li>
<li>It provides a built-in exchange, allowing users to trade and manage ADA and other assets without recurring to external, centralized crypto exchanges</li>
<li>The wallet provides a fiat onramp, allowing users to purchase cryptocurrencies via services like Moonpay, Ramp, Sardine, and Robinhood Connect (availability varies by location). Purchases can be made using debit or credit cards, with funds deposited directly into the Exodus wallet.</li>
</ul>
<h3>Exodus Wallet Security</h3>
<p>Exodus’ security features are pretty basic. It only provides users with a seed phrase, and that’s about it. It does not provide scam alerts, biometric authentication, 2FA, or any other security mechanism in today’s wallets.</p>
<p>That said, Exodus reminds users that they bear full responsibility for their wallet’s safety; if their device is lost, compromised, or left vulnerable, their funds are at risk.</p>
<p>However, the Exodus team consistently updates users on the wallet’s status, promptly addresses any vulnerabilities, and makes it compatible with multiple hardware wallets.</p>
<h3>Pros &amp; Cons of Exodus Wallet</h3>
<p>Pros explained:</p>
<ul>
<li>Easy setup for desktops, browsers, or mobile devices. It allows users to sync a single wallet using a 12-word seed phrase</li>
<li>Customer support is available via chat, email, help pages, and educational content on safety practices</li>
<li>Regular updates and security reports every two weeks</li>
<li>Supports staking directly through the wallet</li>
<li>Allows hardware wallet integration with Ledger and Trezor</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>Lack of extra security mechanisms, such as 2FA, biometric access, and more</li>
<li>Not open source</li>
</ul>
<h2 id="3">Best Cardano (ADA) Wallets – Final Тhoughts</h2>
<p>There’s a wallet to suit every preference. However, it’s crucial to analyze each wallet’s pros and cons, range of features, functionalities, and security to choose the Cardano wallet that best suits you.</p>
<p>Our comprehensive guide on the best Cardano wallets highlights their diverse range of applications—each offering unique features tailored to different needs.</p>
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Best Cardano (ADA) Wallets in 2024 - Top 6 Options Reviewed

<p style="margin-left:auto;text-align:justify;">We are pleased to share that the Interim Constitution is now live and available to read.</p><p style="margin-left:auto;text-align:justify;">This interim Constitution provides the basic rules needed to implement CIP-1694. It's temporary and will be replaced by a final Constitution, which Ada holders will ratify in late 2024 or early 2025. The final version may be quite different, depending on what the Cardano community wants.</p><p style="margin-left:auto;text-align:justify;">You’ll find it on the new <a href="https://constitution.gov.tools/en"><u>Constitutional Committee Portal</u></a>, the information hub for the interim Constitution and the interim Constitutional Committee. We are also hosting a copy on our <a href="https://docs.intersectmbo.org/cardano/cardano-governance/interim-constitution"><u>Knowledge Base</u></a>&nbsp;and Github repository.</p><h2 style="margin-left:auto;"><span style="color:rgb(0,0,0);"><strong>Making governance accessible to all</strong></span></h2><p style="margin-left:auto;text-align:justify;">The publication of the interim Constitution and the technical guardrails marks the next step towards having a candidate node to bring on-chain decision making to Cardano. The Interim Constitution is not a fully elaborated constitution, but rather a set of essential rules that are designed to ensure Cardano maintains stability during the interim period. Later this summer, SPOs and the community will continue testing as nodes upgrade to enter the bootstrapping phase. Learn more about the Constitutional Committee in this <a href="https://www.youtube.com/watch?v=2p_bj5dwVp4"><u>video</u></a>.</p><p style="margin-left:auto;text-align:justify;">One of the core pillars of Intersect is to advance and champion on-chain governance, which includes funding opportunities to ideate and develop community tooling to support Cardano’s governance. Earlier this year, we launched three grants to fund the development of governance tooling, with Intersect member <a href="https://bloxico.com/"><u>Bloxico</u></a>&nbsp;selected to develop the <a href="https://constitution.gov.tools/en"><u>Constitutional Committee Portal</u></a>. Next up are the Proposal Discussion Forum and DRep Campaign Platform, developed by Intersect members WeDeliver and <a href="https://www.lidonation.com/en"><u>LidoNation</u></a>&nbsp;respectively. These grants are a key component for enabling Voltaire to develop the tools to increase participation and access to Cardano’s on-chain governance, ultimately intending to drive better outcomes on-chain. You can read more about governance tooling <a href="https://docs.intersectmbo.org/intersect-community-grants/grant-projects"><u>here</u></a>.</p><h2 style="margin-left:auto;"><strong><img class="image_resized" style="width:780px;" src="https://lh7-us.googleusercontent.com/rN0sr063JPKFB6vM_RF_dfi8ukiD3C6qiBFxj1X7AcWqDajf7dU_lq6S4u5H10CuxtExMKXWm8biiSmQh3F92HVzOT8PxABcOxZ57LwbNHDeZZeK9IFy9CVgJfVJbzK3ajvE4MoaxDqbMNgxP_162B4" alt="" loading="lazy"></strong></h2><h2 style="margin-left:auto;"><span style="color:rgb(0,0,0);"><strong>Next steps - drafting the final Constitution</strong></span></h2><p style="margin-left:auto;text-align:justify;">The interim Constitution Committee will uphold the rules and guardrails set out in the interim Constitution, maintaining the safety and security of the chain through the remainder of the interim period. We are now in the final stages of the process to establish the interim Constitution Committee - voting via the <a href="https://icc-election.intersectmbo.org/"><u>Summon platform</u></a>&nbsp;for the three community members to join Intersect and pioneer entities IOG, EMURGO and the Cardano Foundation and closes on June 23 - and the response from community members has been fantastic.</p><p style="margin-left:auto;text-align:justify;">With this key security in&nbsp;place, the governance journey goes global! Over the past few weeks, we have been blown away by the response to the call for hosts to conduct a series of global consultation workshops, receiving 98 applications from 46 countries! Over the next few weeks, Intersect will award grants to workshop hosts to bring the community together. Look out for a workshop near you to get involved and have your say.</p><h2 style="margin-left:auto;"><span style="color:rgb(0,0,0);"><strong>More ways to get involved</strong></span></h2><ul><li>Stay close to <a href="https://x.com/IntersectMBO"><u>our socials</u></a>&nbsp;to find out how you can attend one of 50 global workshops to input on the draft Constitution (confirmed workshops announced on July 3!).</li><li>Keep testing the technical features by heading to <a href="https://sancho.network/"><u>SanchoNet</u></a>&nbsp;to learn more, and to <a href="https://sanchogov.tools/"><u>GovTool</u></a>&nbsp;to participate with a user-friendly experience.</li><li>Join <a href="https://intersectmbo.org/"><u>Intersect</u></a>&nbsp;and contribute through community-focused committees and working groups, including groups involved in creating a constitution draft that feeds into a broader community consultation process leading up to ratification.</li><li>Apply for <a href="https://www.intersectmbo.org/grants"><u>funding opportunities</u></a>&nbsp;at Intersect to support the rollout through community tooling and other community initiatives.</li></ul>

EMURGO ($)

EMURGO is a blockchain technology company providing solutions for developers, companies & government. One of the founding entities of Cardano.

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