ICARUS is basically a Google Chrome extension that works as a full wallet without the copy of the blockchain on it. This is the major difference compared to other wallets thus making it a light wallet that offers full functionality.
This project was inspired by Google’s Android development approach. Icarus will make sure that Cardano can work as efficiently on a broader range of devices. This is very helpful for people who don’t have great quality connectivity because the blockchain doesn’t have to be downloaded. Also, Icarus can easily be ported to Mozilla Firefox and mobile phone apps. This is great for developers that work on the Cardano blockchain.
The team was inspired to bring a wallet like these because they believed that mobile wallets are relatively insecure. This is why Icarus can be audited by a security partner. Icarus is the first step towards easier and greater accessibility of the ADA token. The browser installers are just one click away and Cardano users will have an easier time to purchase ADA.
Cardano is currently an altcoin that is ranked 8th on Coinmarketcap with a market cap of around $3.5 billion. Hoskinson, who is one of the people behind it, was also behind Ethereum (ETH) as well as the crypto startup Invictus Innovations and the crypto tech company IOHK.
Cardano has a lot of advantages. It is built with two layers, the first one called Cardano Settlement layer which handles the ledger balance and then there is the second layer called Cardano Computation layer. The second layer can be used to build decentralized apps and smart contracts. Cardano is built based on a Haskell programming language which is extremely secure.
IOHK Established Cardano Research Center At Wyoming University
"This is a very applied laboratory, where instead of doing peer theory, we're actually building real-life things and writing real software that will enter production very quickly.’’Hoskinson attended a ceremony that marked the opening of the research lab at UW’s main campus in Laramie back on Friday. The butterfly logo of IOHK will be added to the research lab and can be found at the center for IOHK’s future work with the traceability platform of BeefChain. As part of the collaboration, IOHK provided a $500,000 donation to ADA in order to fund the research and development into the new blockchain applications including new tools for traceability and supply chain management. Wyoming is expected to match the dollar value of the grant which means that UW will get $1 million worth of initial funding for the new blockchain facility according to the university spokesperson. The university will also contribute more funds as per the UW acting president Neal Theobald:
"The University of Wyoming is proud to be at the forefront of blockchain research and education, and we are grateful for this significant financial contribution from IOHK. This support will help us continue to move forward in a very exciting and promising field of innovation and discovery."Wyoming is a very attractive destination for the US-based crypto companies that want to take the crypto-friendly legislation of the state that formally recognized digital assets and provides financial services to companies:
"Our hope is to have a very substantial presence in Wyoming and write a lot of very good software there.’’
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