Daedalus wallet compared to Yoroi wallet

by

Daedalus wallet compared to Yoroi wallet | by Primestakepool | Medium

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. 

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.

Daedalus | CryptoSlate

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.

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

  • 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

Feature

Daedalus

Yoroi
Supported platforms Windows, macOS, and Linux Windows, macOS, iOS, Android and Linux
Initial setup 1 to 2 hours Instant
Full node downloads the entire blockchain and validates full transaction history. Connects to a full node hosted by Emurgo.
Locally stored wallet and private keys Yes  Yes
Private keys stored encrypted on a users machine, not shared with third-party servers.
Resource consumption Significant usage of storage space and bandwidth. Minimal usage of storage space and bandwidth.
Trustless operation Yes No
Fully trustless operation with locally running full-node. Trusts full-node hosted by EMURGO.
Staking and delegation Staking and delegation features coming with Shelley release. Staking and delegation features coming with Shelley release.
Managing multiple wallets Yes No (Browser Extension)

Yes (Mobile)
Up to 20 wallets supported.
Backup and restoration Backup and restoration using a 12-word mnemonic phrase. Backup and restoration using a 15-word mnemonic phrase.
Sending and receiving ada Sending and receiving ada with full transaction history.
ada redemption Yes Yes (Japanese version only)
Privacy Advanced privacy Basic privacy
Supported languages English, Japanese English, Japanese, Simplified  Chinese, Traditional Chinese, Korean, Russian, Spanish, Indonesian, French, German and Italian
Submission of support request Built into product
Smart contracts support Yes Yes
Full node Yes No
Space Required 6.5 GB 6.5 Mb
Integration with Ledger No Yes
Integration with Trezor No Yes
Paper wallets supported* Yes Yes
Migration Yoroi wallet >Daedalus wallet = No Daedalus wallet > Yoroi wallet = Yes
Yoroi paper wallet >Daedalus wallet = No Daedalus paper wallet > Yoroi wallet = Yes

* Daedalus and Yoroi paper wallets are not interchangeable .

 

Leave a Comment