New Era for TON: Gasless Transactions Now Possible with W5 Wallet

New Era for TON: Gasless Transactions Now Possible with W5 Wallet
Table of Contents

TL;DR

  • Tonkeeper and the TON Core team introduce a new wallet standard that enables transactions without gas fees.
  • The W5 wallet includes features such as gas-free transactions using USDT and Notcoin, and the Tonkeeper Battery feature to cover fees.
  • The new wallet supports up to 255 simultaneous transactions, optimizing transaction efficiency.

Tonkeeper, a leading non-custodial wallet with over 30 million monthly active users, has launched the new wallet standard for the TON ecosystem, the W5 Smart Wallet.

This new wallet represents a significant step forward in simplifying transactions within the TON blockchain, allowing users to perform transactions without having to pay gas fees.

The development of W5 has been made possible through collaboration between the Tonkeeper team and TON Core, with the aim of replacing the previous version of the wallet and improving accessibility for all users.

One of the most notable features of the W5 Smart Wallet is the integration of the Tonkeeper Battery feature, which allows users to cover transaction fees without using Toncoin.

Instead of purchasing Toncoin to pay gas fees, users can use USDT or Notcoin from their balance to cover these costs.

This innovation seeks to address one of the main obstacles for new users entering the blockchain ecosystem, facilitating their entry by simplifying initial transactions.

The W5 Smart Wallet also improves transaction handling efficiency by supporting up to 255 simultaneous transactions, compared to the four transactions allowed in the previous version.

This increased capacity allows users to perform multiple transactions in a single process, reducing costs and speeding up processing time.

Furthermore, the Tonkeeper Battery has proven to be effective, having processed over 2 million transactions as of mid-June 2024.

New Era for TON: Gas-Free Transactions Now Possible with W5 Wallet

Innovations and accessibility in Tonkeeper with W5

The new W5 standard not only introduces the ability to transact without gas fees, but also offers a smoother and more efficient user experience.

The Tonkeeper Battery feature, which covers fees without the need for Toncoin, becomes a key tool to facilitate operations on the TON network.

Users can recharge their battery by using charges denominated in the wallet balance, further simplifying the process of paying fees for complex transactions.

The transition to the new W5 wallet is seamless as it maintains the same recovery phrase used in the previous version, making it easy to restore accounts on new devices.

To start using the W5 Smart Wallet, users need to update their Tonkeeper app to the latest version, select the “W5 Wallet” option in the settings and add the new wallet alongside the current one.

With these improvements, Tonkeeper reinforces its commitment to making interaction with the blockchain more accessible to everyone.

The move towards a wallet that enables gas-free transactions and optimizes transaction processing highlights Tonkeeper’s focus on innovation and efficiency within the TON ecosystem, cementing its position as a leader in blockchain wallet solutions.

RELATED POSTS

Follow us on Social Networks

Crypto Tutorials

Crypto Reviews

Ads