TON Now Boasts of Gasless Transactions Amid Smart Wallet Standard Debut

TON blockchain now offers gasless transactions thanks to the W5 smart wallet standard. Users can carry out transactions using USDT and Notcoin to cover gas fees, removing the necessity to possess Toncoin.

W5 Smart Wallet Standard, a Game Changer

The TON Core team, in partnership with the non-custodial wallet Tonkeeper, recently rolled out the W5 smart wallet standard. This innovative project now allows gasless transactions on the TON blockchain. 

This news has sparked excitement in the TON community and the wider crypto ecosystem. Tonkeeper CEO Oleg Andreev revealed in a statement that this new launch has truly pushed the boundaries on the TON blockchain.

In his words, teaming up with TON Core guarantees enhanced security, efficiency, and user-friendliness. Above all, it is key to making blockchain accessible to a wider audience and integrating crypto into everyday life, he added. 

Furthermore, TON Core technical lead Anatoliy Makosov added that the new wallet aims to enhance the social aspect of TON transactions. He said sophisticated features like 2-factor authorization, password recovery, and gasless fees paid in USDT are available on the wallet. This new wallet is designed to make TON easily accessible to everyone, contributing to its widespread adoption.

In addition, the wallet can allow users process up to 255 transactions simultaneously and perform various new functions efficiently. For now, it is live on TonKeeper but it will be available on other self-custodial wallets like TON Space and MyTonWallet soon. 

TON Blockchain and Crypto Evolution

This development is a testament to the blockchain’s dominance and significance in the crypto industry.

Notably, the network has continued to see a large influx of monthly on-chain users and daily active users. This growth is attributed to the vast number of users that play Telegram-mini games, which leverage the TON blockchain for transactions. Impressively, the network ranked in the top 10 global blockchain with a high Total Value Locked (TVL) recently.

The community members speculate that innovations like Triangle and the surge in OKX exchange wallets has propelled this success.

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