Yoroi Wallet | Security

Yoroi Wallet has a good track record and reputation for being a highly secure wallet, with no known security breaches to date.

Yoroi wallet is a non-custodial wallet for the Cardano (ADA) ecosystem and its native tokens. It is a light wallet, similar to Adalite, and works as a web browser extension, unlike the popular Daedalus Cardano wallet, which is a full-node software wallet that needs to be installed on a desktop.

A “light wallet” means that it doesn’t run the entire blockchain in your browser or on your computing device like Daedalus, but instead, connects to Emergo servers remotely to read and post transactions to the Cardano network. This allows the wallet to run on a device while using minimal resources and maintaining a high performance.

The Yoroi wallet can send, receive, store, stake, and manage Cardano network addresses and assets. The wallet is open-source, secure, fast, and very easy to use with a nice interface.

The Cardano blockchain technology company Emurgo, which handles much of the development and growth of the Cardano ecosystem, is the company behind the wallet. Users can trust and rest easy knowing that there is a reputable and professional company behind the development of the wallet.

Yoroi is available as a desktop extension for Chrome, Brave, Firefox, Microsoft Edge, and is supported on Windows, Mac, Linux, and iOS and Android for mobile.

Yoroi Wallet Pros:

  • Secure

  • Free and easy to use

  • Stake ADA for passive income

  • Can store assets and NFTs on the Cardano Blockchain

  • Can be used on mobile devices

  • Is open-sourced software

  • Privacy-preserving- Yoroi can generate new external addresses every time it receives assets

  • Can buy Cardano directly within the wallet

Cons:

  • Only supports the Cardano and Ergo ecosystems

  • Some users report slow loading, but it worked fine for me when testing and has positive reviews from many users

The Yoroi Wallet for Cardano

There are currently two versions of the Yoroi wallet that users can choose:

  1. Byron wallet — This is for Cardano wallets created between 2017 and July 29th, 2020. The Byron wallet is now deprecated, meaning it is still functional and available, but not suitable for use by users who got involved in Cardano after 2020.

  2. Shelly wallet — This is the modern wallet that supports delegation to stake ADA and is the primary wallet that can be installed from the Yoroi website.

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