I Thought I might chime in here to post some of my views on the Deadalus wallet.
Disclaimer - This is speculation of a future that I have picked up from comments here and there mostly in Charles’ AMA’s.
I have noticed a lot of new users finding the deadalus experience frustrating and they cannot understand why such a seemingly simple thing like a wallet is problematic in Cardano (especially when literally hundreds of other crap coins have functioning wallets). There are Light wallets available (Yoroi & Infinito) but I’m speaking about Daedalus for now.
While Deadalus has had a couple of problems basically relating to the individual idiosyncrasies of every possible user setup and situation, this is no reason to lose heart. There is a lot of as yet untapped functionality planned for daedalus.
Firstly, This project is VERY young IOHK didn’t do a great job on the original version, and have admitted this, they are very near releasing a new rewritten more efficient version that fixes a lot of the pain points. Please understand that Daedalus is a full node wallet (hence it needs to sync) this is to allow functionality that has never been seen in a wallet before.
I am “speculating” here but I believe. Daedalus is planning to be a one stop financial hub for Cardano. Think the app store for ADA. You will initially be able to seamlessly swap between Bitcoin, ETC and other coins WITHIN THE WALLET, done completely within the Cardano ecosystem (ie no exchanges)
But this is just the beginning. Stable coins, Lending (such as Nexo) ERC20 tokens like DAI will all be accessible. I expect ZenCash would be added early on. Also apps built by third party developers will live in the wallet too. (gaming, lending, charities, fund me etc)
I have heard both Charles and Andreas Antonopoulos speak about a wallet of blockchains where everything is tokenized, and you can pay at your local supermarket in the currency the shop desires and you pay with the currency you desire, whether that be dollars, airline miles or doge coin. (win win)
I foresee a day when coin holders FOMO when their coin/token is added to the Deadlaus ecosystem just like a coinbase listing because integration will add all that functionality to every coin that joins plus bring their own functionality to everyone else. I expect Daedalus will be the ecosystem that blockchains exist in. Like a giant Cardano snowball.
Its a clever principal because Cardano will essentially absorb these other projects.
While this is a long ways off, what I’m getting at here is that Daedalus has a much higher purpose and while it may be a little clunky now its current functionality is far below its intended final purpose.
Personal note - If stupid old me can imagine this scenario, you can bet that the smart people at IOHK have explored this in detail too.