November 5, 2019

EMURGO Celebrates Yoroi Wallet’s 1st Anniversary in October 2019 + Yoroi Anniversary Q&A

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EMURGO – the official commercial arm of Cardano – recently celebrated the 1st anniversary milestone of the launch & release of Yoroi ADA Wallet for the global Cardano community. Yoroi Wallet was launched on October 1, 2018. Yoroi Wallet is the first of EMURGO’s in-house products developed for Cardano in its mission to drive the global adoption of Cardano and aligns synergistically with Seiza Cardano Blockchain Explorer and the recent release of open source codebase Tangata Manu.

What is Yoroi Wallet?

Yoroi Wallet is a light-client wallet for Cardano ADA users developed in-house by EMURGO that is specifically designed to be simple, fast, and secure – a financial gateway to the future. Yoroi is fully functional and available for free download on iOS, Android, Chrome, & Firefox extension. To date, Yoroi Wallet has consistently enjoyed a high quality rating in all of its available app stores as it has delivered a spectacular user experience and also has a full engineering team developing updates and offering technical support on a full-time basis.

Over the first year of Yoroi Wallet, EMURGO has achieved quite a few significant milestones for Yoroi including integration of Cardano ADA with Trezor Wallet & Ledger Wallet, implementation by retail merchants to accept ADA payments, and others.

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To get a detailed insight into the achievements of Yoroi Wallet over its first year, we’ve listed a few basic Q&A about Yoroi over the past year and looking forward.

Yoroi Wallet 1st Year Anniversary Q&A

What were some of the important things done over the past year for Yoroi Wallet

Shin: Yoroi was based on the Icarus platform started by IOHK which enables developers to make light wallets. EMURGO developed and launched Yoroi Wallet on October 1, 2018 and then open sourced it in November 2018. A month later, EMURGO added Trezor hardware wallet support – a very important feature for added user security. Over the following months, EMURGO then added paper wallet support, full ADA integration with Ledger support, and rolled out the product to other platforms such as Android, iOS, and Firefox. Also considering our global Cardano community, EMURGO released additional language support for Korean, Japanese, Chinese, and others.

What was the most difficult feature to implement?

Shin: Ledger hardware wallet support because Trezor provided all of the APIs. However, for Ledger, we had to make our own bridge to connect Yoroi Wallet to the Ledger device.

What’s one of the best things about Yoroi Wallet thus far?

Shin: Yoroi Wallet is fast, secure, and simple to send & receive ADA which is an important part of the user interface and experience. We want to make it very easy for everyone to transact with ADA.

What are some important metrics you can provide about Yoroi Wallet?

Shin: Yoroi Wallet had more than 55,000 total downloads as of the end of September 2019. As we continue to roll out new functions and features, there should be a steady, consistent stream of new users.

For the road ahead, what are some important updates? Any new interesting features to be released for users?

Shin: To date, we’ve already added payment URLs (users can send a specific URL and a recipient address will appear to the sender), Microsoft Excel support to see a history of all transactions made, and a “hide ADA balance” feature, among many other cool ones.

In the short term, EMURGO and the Cardano ecosystem is focused on the rollout of the incentivized testnet – the beginning of the launch of the decentralized Shelley era. ADA holders will be able to delegate their ADA stake or run a staking pool with real ADA rewards in this incentivized testnet. Anybody who holds ADA can participate in the incentivized testnet, but must hold their ADA in Yoroi Wallet, Yoroi Mobile, or Daedalus to be on the safe side. The incentivized testnet will begin with a snapshot but any ADA must be held in the aforementioned wallets to be safely accounted for. ADA held on exchanges and/or hardware wallets will not be included in the snapshot. The snapshot for the incentivized testnet will be set by IOHK and should happen sometime in November.

This informative EMURGO video by CTO Nicolas Arqueros & Engineering R&D Lead Sebastien Guillemot further explains the Cardano incentivized testnet & more about Yoroi staking.

As always, please follow our social media accounts and site to receive the latest news about EMURGO & Yoroi Wallet. If you have any questions about Yoroi, please visit here to contact us.

Conclusion

As EMURGO is focused on tailored systems development as one of our core business units, our world class R&D team led by CTO Nicolas Arqueros & Engineering R&D Lead Sebastien Guillemot, consistently develops and rolls out new products & updates that serves to enhance the utilities of Cardano. We also encourage interested developers to use the Tangata Manu open source toolbox to add functional utility to Cardano ADA by creating their own secure light wallets and explorers for Cardano ADA on Internet browsers and mobile devices.

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‌EMURGO drives the adoption of Cardano and adds value to ADA holders by building, investing in, and advising projects or organizations that adopt Cardano’s decentralized blockchain ecosystem. EMURGO leverages its expertise in blockchain R&D as well as its global network of related blockchain and industry partners to support ventures globally.

EMURGO is the official commercial and venture arm of the Cardano project, headquartered in Singapore, with a presence in Japan, the USA, India, and Indonesia. EMURGO works closely with IOHK and The Cardano Foundation to grow Cardano’s ecosystem globally, and promote its adoption. Learn more about the project at https://dev.emurgo.io

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