One of the biggest complaints that investors have with the Daedalus wallet is its syncing time. This a major challenge, because lots of investors will be looking to use their Daedalus wallets to stake, after the Shelley release. Luckily, the IOHK team is working hard to deal with this problem through light client support. The light client mode will significantly cut on blockchain syncing times for Daedalus, and put a smile on those looking to stake Cardano. So, how will light client work? As per the Cardano roadmap,
“Light client mode is a feature that will significantly reduce the blockchain syncing time. It will enable users to start using Daedalus without having to wait for the whole blockchain to finish being downloaded. The light client mode will involve choosing to subscribe to a trusted blockchain checkpoint provider.”
The light client mode for Daedalus will play a huge role to the growth of the Cardano blockchain in a number of ways. For starters, it will draw in more people to stake Cardano, which is a plus to the growth of the Cardano ecosystem. That’s because ease of use is as critical as the staking rewards themselves. It would be difficult for the masses to take Cardano staking seriously, when it takes forever for the wallet to sync.
Secondly, it will alleviate FUD against Cardano (ADA). Crypto space is still young, and FUD tends to have an impact on prices. For a project as young as Cardano, FUD can be especially bad, by putting off new investors, especially if the wallet is targeted as a weakness. As such, it needs to be as efficient as possible, once staking becomes a reality.
But this is no reason to worry. Cardano investors can bet on the fact that the Cardano team neve rushes anything, but they always get things done the right way. As such, light client mode may be at 25% completion on the roadmap, but the key thing is that, it is getting worked on, with perfection and practicality in mind. As such, investors can be sure that at some point soon, they will have a light client for Daedalus.
Besides, even as it’s being worked on, investors can always use Yoroi. Yoroi is light, and very efficient, and with the Shelley release, investors will be in a position to stake Cardano using their Yoroi wallets. This means that the wallet shouldn’t be an issue for investors looking to stake Cardano. This makes the much awaited Cardano staking, something worth looking forward to.
Once it starts, there could be a mad dash into Cardano (ADA) and this could possibly drive up the price of ADA this year. If by the time staking starts crypto will be in a Bull Run, Cardano could be among the top gainers this year. The probability of Cardano testing a dollar within the year are quite high. Beyond that, as applications begin building on Cardano at scale, its value could rise astronomically. The sky is the limit for Cardano, one of the best blockchains ever built.