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TON Blockchain Introduces New Wallet With Gasless Transactions, A Game-Changer?

Jul, 25 2024 14:42
TON Blockchain Introduces New Wallet With Gasless Transactions, A Game-Changer?

The Open Network (TON) blockchain has rolled out a new smart wallet. It's called W5. The wallet promises gasless transactions. This is a big deal in the crypto world.

TON Core team worked with Tonkeeper on this project. The wallet is an upgrade to TON's existing smart contract. It's already live on Tonkeeper. Soon, it'll be on TON Space and MyTonWallet too.

So, what's the fuss about? Well, users can now use Tether for gas fees when transferring USDT. They can use Notcoin for gas fees when moving Notcoin (NOT). This is pretty cool stuff.

The W5 wallet was Tonkeeper's brainchild. TON Core team gave it the thumbs up. Why? It's all about making transactions smoother on the TON blockchain.

Here's the kicker: users won't need to hold Toncoin for payments anymore. This could be a game-changer for newbies. It might just knock down some barriers for them.

But wait, there's more. The smart wallet can handle up to 255 transactions at once. Talk about efficiency!

A TON spokesperson told Cointelegraph: "We're stoked about this new feature. It's going to make life easier for our users."

The crypto community is buzzing about this news. Some are calling it a "revolutionary step" in blockchain technology. Others are more cautious, waiting to see how it plays out.

One crypto analyst said: "It's an interesting move. But let's not get ahead of ourselves. We need to see how it performs in the real world."

So, what's next for TON? They're keeping their cards close to their chest. But if this wallet takes off, just as many other of the Telegram's new projects, it could shake things up in the crypto world. The revolution suddenly emerges from the area, no one was expecting, i.e. from the popular messengers. Watch this space.

Disclaimer and Risk Warning: The information provided in this article is for educational and informational purposes only and is based on the author's opinion. It does not constitute financial, investment, legal, or tax advice. Cryptocurrency assets are highly volatile and subject to high risk, including the risk of losing all or a substantial amount of your investment. Trading or holding crypto assets may not be suitable for all investors. The views expressed in this article are solely those of the author(s) and do not represent the official policy or position of Yellow, its founders, or its executives. Always conduct your own thorough research (D.Y.O.R.) and consult a licensed financial professional before making any investment decision.
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