Cardano ($ADA): Emurgo’s Head of Product on Yoroi Wallet

Cardano ($ADA): Emurgo’s Head of Product on Yoroi Wallet

November 14, 2021

In a recent interview, Sergio Sanchez Ferreros, Head of Product at Emurgo, the commercial arm of Cardano, talked about Yoroi light wallet for Cardano.

EMURGO, which was founded in 2017, is “a global blockchain technology company providing solutions for developers, startups, enterprises, and governments”; and it “develops enterprise-grade applications, builds developer tools, invests in startups, and provides blockchain education.” The company has “offices and manages projects in Singapore, Japan, the USA, India, and Indonesia.”

Here is how EMURGO describes Yoroi:

Yoroi is a web light wallet for Cardano available as a browser extension and as a mobile application. Light wallets don’t need to download or synchronize the blockchain. This means that once you open the wallet, you can send or verify the reception of transactions right away.

Here is how Yoroi is different from Daedalus:

Yoroi is a light wallet, which means it does not download the full copy of the blockchain. It connects to trusted servers which have the full copy of the blockchain. Daedalus is a full-node wallet which means that it downloads, stores and validates the full copy of the blockchain so it can operate in a trustless manner and it does not rely on centrally hosted servers.

Recently, Ferreros was interviewed by CryptoSlate, and here is what he had to say about Yoroi and how it helps the Cardanoe cosystem:

As one of the founding entities of the Cardano blockchain, EMURGO is able to officially update and maintain Yoroi Wallet in coordination with our Cardano ecosystem partners and Cardano’s overall technical development, including things like ADA staking, connecting Cardano-based dApps, Project Catalyst, NFT minting, and more...

As the official light wallet for Cardano, EMURGO is providing a helpful service for ADA users in that there is no need to download the blockchain when you open the wallet which makes it very easy to access your wallet via mobile app or Internet browser extension. Users can also connect their Yoroi with Ledger and Trezor hardware wallets as well.

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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