Yoroi Wallet | Cryptocurrency Wallet
Yoroi allows users to manage Ada in their browser. It is a lightweight wallet that launches quickly, allowing users to start sending or receiving Ada in minutes.
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Yoroi allows users to manage Ada in their browser. It is a lightweight wallet that launches quickly, allowing users to start sending or receiving Ada in minutes.
Last updated
Yoroi, the light weight Cardano wallet, derives its name from the incredibly ornate ancient armor worn by Japanese samurai. The armor was a combination of iron and leather exquisitely constructed over nearly a year. This article explores some of the security centered features, and core technologies, behind the modern armor designed for your web browser and ADA funds.
There are a number of browser based wallets for both Cardano and other cryptocurrencies. Some browser based wallets are websites that you have to access on the public Internet, while other wallets are actually extensions that you can install on your browser.
EMURGO, as the official, and commercial, venture arm of Cardano — the first peer-reviewed third generation blockchain — chose to develop a browser based extension due to a number of security issues with web based wallets. Often times, unofficial web based wallets will encourage you to run a local copy of their Javascript code to create your private key and password; there is no guarantee the code is clean and most people don’t want to have to look at every line of code themselves. In contrast, Yoroi has been developed by the official organizations behind Cardano, namely EMURGO and IOHK. Furthermore, there is no guarantee that a website based wallet won’t quietly get hacked, or snooped on, by a third party at some point, given the tremendous incentive to do so.
Another reason EMURGO chose to create a browser extension was due to the cases where DNS hijacking occurred and people were redirected from a wallet to a different website that stole their money. Typos of a website domain name can also lead to similar issues. An extension doesn’t have this problem.
Similarly, people have linked to fake versions of Daedalus where the application people downloaded was actually a virus. Yoroi doesn’t have this problem, however, since the Chrome store ensures you download the right application.