Cardano comes with quite a few official wallets, even though there

are wallet options available outside as well for its huge popularity in

the crypto world. Some of the well-known wallets are as follows:

Daedalus: It’s a desktop wallet with which the user downloads a

complete copy of the Cardano Blockchain and can get involved in

validating the transactions. Being a full node wallet, Daedalus

provides maximum security without the need of any centrally-hosted

third party servers.

Yoroj: It’s a hardware wallet that again works with a full node.

5.7 Live Projects

The following are some of the well-known projects on Cardano:

Sundaeswap: A decentralized exchange that allows the users

to exchange their native tokens paying a small fee

Ardana: An asset-backed Stablecoin based decentralized

exchange

MELD: A decentralized and trust-less lending protocol governed

by the MELD token.

Drunken Dragon Games: NFT game

Empowa: The first ‘RealFi’ platform in the world to provide

affordable housing on the African continent.

THEOS: Instant liquidity protocol for non-fungible tokens

Cardax: Decentralized exchange for participants to exchange

their ADA for any Cardano Native Token.

5.8 Summary

In this chapter, we covered the following topics:

Reasons for Cardano to occupy the position of top 5 crypto

consistently.

Hydra, Cardano’s innovative L2 technology capable of offering

linear scalability.

Different development options on the Cardano platform.