TON, the blockchain platform, is making significant strides to enhance user experience and drive mass adoption with the launch of the W5 smart wallet standard. In collaboration with Tonkeeper, a non-custodial wallet provider, the TON Core team has introduced a groundbreaking feature: gasless transactions.
This innovation eliminates the need for users to hold toncoin, the native cryptocurrency, to facilitate payments on the TON blockchain. Instead, users can now utilize USDT for transaction fees when sending USDT and Notcoin for gas fees when transferring Notcoin. This simplified process is expected to attract a wider audience, including those new to cryptocurrency.
The W5 smart wallet, originally developed by Tonkeeper, offers a range of benefits beyond gasless transactions. Users can enjoy enhanced security features like two-factor authentication and password recovery. Additionally, the wallet supports parallel processing, allowing for up to 255 transactions to be executed simultaneously. This opens up new possibilities for complex operations, such as NFT transfers and decentralized subscription management.
TON’s strategic move comes amid the platform’s growing popularity, driven by the success of Telegram mini-games. With over 5.8 million monthly active on-chain wallets, TON is rapidly expanding its user base. The introduction of gasless transactions is expected to further accelerate this growth by lowering barriers to entry and providing a more seamless user experience.
As the W5 smart wallet standard is integrated into other self-custodial wallets like TON Space and MyTonWallet, TON’s position as a leading blockchain platform is solidified. The platform’s commitment to innovation and user-centricity positions it for continued growth and success in the competitive cryptocurrency market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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