KEY FACT: The TON Foundation has unveiled the W5 Smart Wallet, to transform the transaction landscape on the TON blockchain. This innovative wallet allows gasless transactions using USDT and Notcoin, eliminating the need for holding Toncoin for gas fees. The W5 Smart Wallet is available now on Tonkeeper and will soon be available on TON Space and MyTonWallet.
Image Source: TON
TON Blockchain Launches W5 Smart Wallet with Gasless Fees
The TON Foundation has launched the W5 Smart Wallet, viewed as a breakthrough in blockchain technology set to redefine transaction processes. This advanced wallet allows users to perform gasless transactions with $USDT and Notcoin and will eliminate the requirement of holding Toncoin for gas fees. The W5 Smart Wallet is now available on Tonkeeper and will soon be available on TON Space and MyTonWallet while other TON-based wallets are expected to adopt this innovation in the coming months. This development was communicated through a blog post on July 24.
We're excited to announce the launch of the W5 Smart Wallet, a groundbreaking development enabling gasless transactions. The W5 wallet introduces a new feature, the so-called gasless transaction. Users can now use USDt for gas fees when sending USDt and Notcoin for gas fees when sending Notcoin. Source
One of the standout features of the W5 Smart Wallet is its capability to handle up to 255 simultaneous transactions, significantly improving user efficiency. This capacity is expected to facilitate smoother and faster transactions on the TON blockchain, making it more accessible to a broader audience.
This milestone development showcases the TON Community's commitment to making crypto accessible and user-friendly. At the time of this announcement, TON has a record of 5.8 million monthly active on-chain wallets within its growing Web3 ecosystem. The network offers an efficient, headache-free payment experience, combining the ease of Web2 with the benefits of Web3.
Oleg Andreev, a representative from Tonkeeper, and Anatoliy Makosov of TON Core have both highlighted the potential of the W5 Smart Wallet to accelerate mainstream crypto adoption. They see this innovation as a pivotal development that could enhance mainstream crypto adoption.
"The W5 Smart Wallet has pushed the boundaries of what's possible on TON blockchain," said Oleg Andreev, CEO at Tonkeeper. "Our collaboration with TON Core ensures that users experience unparalleled security, efficiency, and ease of use. This simplicity holds the key to bringing blockchain technology to a mainstream audience and putting crypto in every pocket."
According to Anatoliy Makosov, Technical Lead at TON Core, this enhanced functionality makes the user experience smoother and more efficient.
"TON's almost limitlessly scalable architecture, backed by Telegram's unparalleled power as a distribution channel, has the potential to create a paradigm shift for payments. The W5 Smart Wallet is the latest step in this journey, bringing industry-leading affordability, speed, and simplicity to TON."
The W5 Smart Wallet not only streamlines the transaction process on TON blockchain but also sets a new standard for user experience in the crypto space. As it rolls out to more platforms, it promises to bring a new level of convenience and efficiency to TON blockchain users worldwide.
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