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Cardano light wallet platform Lace has announced the release of Lace v.1.9, which includes some exciting new features and enhancements.

Lace acts as a gateway for users to interact with the Cardano blockchain, enabling them to securely store, transmit and receive ADA (Cardano's native cryptocurrency) and Cardano native tokens.

This light wallet platform, which is intended to optimize the user experience in the Web3 environment, has a game-changing boost with the latest upgrades: the first phase multi-account and multi-wallet features.

The latest release, v. 1.9, introduces multi-wallets and a multi-account setup for the Lace wallet.

Lace's new multi-account setup, as detailed in a blog post, enables users to generate several addresses or accounts within a single wallet using a single recovery phrase. This enables effective asset management by allowing users to separate transactions or stake delegations without having to handle multiple seeds.

The most recent Lace upgrade also adds the ability to have multiple wallets, each with its own set of keys and recovery phrases, allowing users to employ a combination of hot and cold wallets to improve security and protect their assets.