Cole Petersen · 7 hours ago · 2 min read · Insights via Ari Paul
Daedalus is a wallet, developed by IOHK which will allow you to store Cardano (ADA) cryptocurrency. It is an open-source, multi-platform, HD (hierarchical deterministic) wallet, allowing you to create an infinite set of keys from a single seed.
- Encrypted private keys and spending passwords, offering protection against security threats such as malware.
- Wallets can be exported to paper certificates, giving the maximum security option of placing funds in cold storage.
- Ada redemption is built directly into Daedalus and supports encrypted and unencrypted redemption certificates.
- Configurable transaction assurance level monitoring, allowing users to be sure when transactions become irreversible.
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