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Daedalus wallet compared to Yoroi wallet

Overview

Daedalus Wallet

Daedalus wallet is a desktop, full-node hierarchical deterministic (HD) wallet for ada cryptocurrency, bundled with full Cardano node. It stores the entire history of Cardano blockchain and validates all blocks and transactions for fully trustless and autonomous operation. Daedalus wallet runs on Windows, Mac, and Linux operating systems. Daedalus wallet takes some time to download and the blockchain takes some time to sync (create a local copy of the blockchain). It occupies about 6 GB of space on your machine as of August 2019. 

See also Daedalus wallet editions

Yoroi

Yoroi is a lite hierarchical deterministic (HD) wallet for ada cryptocurrency, running as a Chrome or Firefox extension. It connects to a full Cardano node hosted by a third party (Emurgo). Yoroi allows for instant initial setup, quick and easy operation with minimum usage of system resources. Runs on Windows, Mac, and Linux, as well as iOS and Android. 


Comparison

What is the advantage of each? Why would you prefer Yoroi or Daedalus?

Yoroi allows you to use hardware wallets and to use it on Mobile, plus it is fast to download and install and takes up very little space on your device.

Daedalus, on the other hand, allows you to maintain multiple wallets and you have a direct connection to the Cardano network.

With Daedalus, you don’t trust a third party like Emurgo as a source of truth; instead, you are locally running software which autonomously validates all transactions against consensus rules and protects your privacy. Yoroi, on the other hand, needs a trusted remote server to work. 

Key Features

Daedalus wallet

  • Easy installation with one-click setup of bundled Cardano node

  • Locally stored wallets and encrypted private keys, not shared with third-party servers

  • Trustless operation with locally running full Cardano node which independently validates full transaction history of the blockchain

  • Supports Cardano network by participating in Cardano protocol

  • Wallet backup and restoration using mnemonics phrases

  • Support for staking coming with Shelley release 

  • Complete autonomy without reliance on third-party servers and services

  • Paper wallet generator for offline storage of funds

Yoroi wallet

  • Instant initial setup

  • Locally stored wallets and encrypted private keys, not shared with third-party servers

  • No blockchain synchronization needed for quick and easy operation

  • Wallet backup and restoration using mnemonics phrases

  • Low system resource consumption, minimal usage of storage space and bandwidth

  • Support for staking coming with Shelley release

  • Paper wallet generator for offline storage of funds

With the introduction of Shelley and staking to the Cardano network other differences between these two wallets will no doubt arise.


Side by Side Feature Comparison

Courtesy: Carl, Mainnet Daedalus Wallet, IOHK Support.





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