Frequently asked questions

Question 1

What is Daedalus Wallet?

Accepted Answer

Daedalus Wallet is categorized as a software wallet / hot wallet designed for the Cardano blockchain. Daedalus Wallet is a full node wallet that downloads and validates the entire Cardano blockchain locally and supports Windows, macOS, and Linux platforms.

Question 2

Is Daedalus Wallet safe & legit?

Accepted Answer

Daedalus Wallet is open source and non-custodial. Daedalus Wallet has not experienced any major hacks, scandals, or exploits. Security features include local private key storage, recovery phrases, and full-node validation.

Question 3

Who created Daedalus Wallet?

Accepted Answer

Daedalus Wallet was created by Input Output Global (IOG), formerly known as IOHK, a company founded by Charles Hoskinson and Jeremy Wood.

Question 4

Where is Daedalus Wallet's company based?

Accepted Answer

Input Output Global (IOG), the company behind Daedalus Wallet, is headquartered in Hong Kong, China.

Question 5

How does Daedalus Wallet work?

Accepted Answer

Daedalus Wallet is as a full-node wallet that downloads and verifies the entire Cardano blockchain. Daedalus Wallet connects to the network through desktop platforms, offering users an environment for key management and transaction signing. Setup involves installing Daedalus Wallet on a supported operating system and following the built-in onboarding to generate wallets and recovery phrases. Daedalus Wallet allows unlimited HD wallet creation, operates without third-party servers, and integrates a built-in newsfeed to deliver network updates directly through the interface. For blockchain validation, Daedalus Wallet relies on local storage and peer-to-peer synchronization.

Question 6

When was Daedalus Wallet launched?

Accepted Answer

Daedalus Wallet was released April 24, 2020.

Daedalus Wallet