W5Wallet
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TON Coin Surges 10% Following W5 Wallet. đđ
Announcement of the W5 Wallet, jointly developed by the TON Core team and Tonkeeper, has created a stir in the cryptocurrency market. This innovative wallet has led to a 10% increase in the value of the TON coin by eliminating gas fees for transactions on the TON blockchain.
The W5 Wallet allows users to pay gas fees in USDt when sending USDt and perform gas-free transactions when sending NOT. This feature is currently active on Tonkeeper and will soon be available on TON Space and MyTonWallet. The wallet also supports up to 255 simultaneous transactions, making it easier to manage TON assets.
This development is seen as a significant step in addressing long-standing issues within the blockchain community and paving the way for broader Web3 adoption. The W5 Wallet is considered an important advancement in making cryptocurrency usage more accessible and improving the overall user experience.
đDespite TON's early stage, growth indicators are promising:
đčInvestments from major players like Animoca and Pantera stand out. Dan Morehead of Pantera referred to their investment as "Our Largest Investment Yet."
đčDespite limited cross-chain bridges, TON's achievement of a $500 million Total Value Locked (TVL) indicates a substantial influx of new capital.
đčRelease of various tokens and growing interest from the developer community are notable trends.
đčDistribution of over $40 million in incentives to the TON community via The Open League demonstrates a commitment to rewarding early users.
In light of these developments, the 10% increase in TON coin value reflects investor and user confidence in the potential of the W5 Wallet. By eliminating gas fees and facilitating ease of use, this new wallet could contribute to the growth of the TON ecosystem and its adoption by a wider audience.
Experts suggest that such innovations are a significant step in the cryptocurrency world and could be a positive sign for TON's future growth.
#TON #Toncoin #Tonkeeper #W5Wallet #Gasless
Announcement of the W5 Wallet, jointly developed by the TON Core team and Tonkeeper, has created a stir in the cryptocurrency market. This innovative wallet has led to a 10% increase in the value of the TON coin by eliminating gas fees for transactions on the TON blockchain.
The W5 Wallet allows users to pay gas fees in USDt when sending USDt and perform gas-free transactions when sending NOT. This feature is currently active on Tonkeeper and will soon be available on TON Space and MyTonWallet. The wallet also supports up to 255 simultaneous transactions, making it easier to manage TON assets.
This development is seen as a significant step in addressing long-standing issues within the blockchain community and paving the way for broader Web3 adoption. The W5 Wallet is considered an important advancement in making cryptocurrency usage more accessible and improving the overall user experience.
đDespite TON's early stage, growth indicators are promising:
đčInvestments from major players like Animoca and Pantera stand out. Dan Morehead of Pantera referred to their investment as "Our Largest Investment Yet."
đčDespite limited cross-chain bridges, TON's achievement of a $500 million Total Value Locked (TVL) indicates a substantial influx of new capital.
đčRelease of various tokens and growing interest from the developer community are notable trends.
đčDistribution of over $40 million in incentives to the TON community via The Open League demonstrates a commitment to rewarding early users.
In light of these developments, the 10% increase in TON coin value reflects investor and user confidence in the potential of the W5 Wallet. By eliminating gas fees and facilitating ease of use, this new wallet could contribute to the growth of the TON ecosystem and its adoption by a wider audience.
Experts suggest that such innovations are a significant step in the cryptocurrency world and could be a positive sign for TON's future growth.
#TON #Toncoin #Tonkeeper #W5Wallet #Gasless
TON Network Announces Gas-Free Transactions Feature with W5 Wallets.
TON blockchain ecosystem is rich with diverse assets, from its native Toncoin to various tokens and NFTs. However, newcomers often face a common hurdle: they may possess different tokens but lack the Toncoin needed for transaction fees. This barrier can deter engagement with the network. Tonkeeper introduces innovative solutions with its Battery feature and Gasless transactions.
Demystifying Gas and Gasless Transactions
In the blockchain world, "gas" refers to the computational resources required for transactions, typically paid in the network's native currency. On TON, this means Toncoin. Gasless transactions flip this model on its head, allowing users to pay fees using the very token they're transacting with, such as USDT.
Tonkeeper Battery: Power for Your Transactions
Think of Tonkeeper Battery as a prepaid card for blockchain interactions. It's an off-chain feature that covers your transaction fees when you're short on Toncoin. The Battery operates on "charges," with simple transfers consuming one charge and more complex operations using multiple charges.
Users can top up their Battery through various means, including fiat currency via bank cards or other cryptocurrencies. Once charged, the Battery becomes a versatile tool, powering a wide array of transactions from token transfers to NFT operations and staking activities.
Gasless vs. Battery: Choosing Your Transaction Type
Gasless transactions provide an easy way to interact with specific tokens without requiring Toncoin or Battery fees. However, they're limited to predictable, fungible tokens like stablecoins.
The Battery, on the other hand, provides greater flexibility. It can handle any transaction type, including more complex operations involving various tokens and NFTs. While it requires pre-charging, its versatility makes it a powerful tool for active blockchain users.
Powering Up: How to Charge Your Battery
Charging your Tonkeeper Battery is straightforward. Simply send supported tokens to the address `battery.ton`. Tonkeeper's Relay Service then processes the transaction, verifies the charge amount, and updates your Battery balance accordingly.
W5 Wallet: A Game-Changer for Transactions
July 2024 saw the introduction of the W5 wallet smart contract version. This upgrade significantly enhances transaction capabilities by enabling the relay of signed messages through internal transactions. The result? More efficient and streamlined operations compared to older wallet versions. Enhanced efficiency and streamlined operations compared to previous wallet versions.
Backward Compatibility: Using Battery with V4 Wallets
While V4 wallets don't support internal message relaying, Tonkeeper has ensured that the Battery feature remains functional. It achieves this by managing Toncoin for gas fees separately, though this method introduces a slight delay in transaction processing.
Wrapping Up
Tonkeeper's Battery and Gasless features represent a significant leap forward in user experience on the TON blockchain. By reducing the reliance on Toncoin for transaction fees, these innovations make the network more accessible and user-friendly.
The Battery feature, especially when paired with W5 wallets, offers the most efficient and flexible solution for a wide range of transactions. Meanwhile, Gasless transactions remain a valuable option for specific use cases, particularly with V4 wallets.
As the TON ecosystem continues to evolve, these features showcase Tonkeeper's commitment to breaking down barriers and fostering broader adoption of blockchain technology. Whether you're a crypto novice or a seasoned user, Tonkeeper's innovations are paving the way for smoother, more intuitive blockchain interactions.
#TONBlockchain #Tonkeeper #GaslessTransactions #Toncoin #W5Wallet
Demystifying Gas and Gasless Transactions
In the blockchain world, "gas" refers to the computational resources required for transactions, typically paid in the network's native currency. On TON, this means Toncoin. Gasless transactions flip this model on its head, allowing users to pay fees using the very token they're transacting with, such as USDT.
Tonkeeper Battery: Power for Your Transactions
Think of Tonkeeper Battery as a prepaid card for blockchain interactions. It's an off-chain feature that covers your transaction fees when you're short on Toncoin. The Battery operates on "charges," with simple transfers consuming one charge and more complex operations using multiple charges.
Users can top up their Battery through various means, including fiat currency via bank cards or other cryptocurrencies. Once charged, the Battery becomes a versatile tool, powering a wide array of transactions from token transfers to NFT operations and staking activities.
Gasless vs. Battery: Choosing Your Transaction Type
Gasless transactions provide an easy way to interact with specific tokens without requiring Toncoin or Battery fees. However, they're limited to predictable, fungible tokens like stablecoins.
The Battery, on the other hand, provides greater flexibility. It can handle any transaction type, including more complex operations involving various tokens and NFTs. While it requires pre-charging, its versatility makes it a powerful tool for active blockchain users.
Powering Up: How to Charge Your Battery
Charging your Tonkeeper Battery is straightforward. Simply send supported tokens to the address `battery.ton`. Tonkeeper's Relay Service then processes the transaction, verifies the charge amount, and updates your Battery balance accordingly.
W5 Wallet: A Game-Changer for Transactions
July 2024 saw the introduction of the W5 wallet smart contract version. This upgrade significantly enhances transaction capabilities by enabling the relay of signed messages through internal transactions. The result? More efficient and streamlined operations compared to older wallet versions. Enhanced efficiency and streamlined operations compared to previous wallet versions.
Backward Compatibility: Using Battery with V4 Wallets
While V4 wallets don't support internal message relaying, Tonkeeper has ensured that the Battery feature remains functional. It achieves this by managing Toncoin for gas fees separately, though this method introduces a slight delay in transaction processing.
Wrapping Up
Tonkeeper's Battery and Gasless features represent a significant leap forward in user experience on the TON blockchain. By reducing the reliance on Toncoin for transaction fees, these innovations make the network more accessible and user-friendly.
The Battery feature, especially when paired with W5 wallets, offers the most efficient and flexible solution for a wide range of transactions. Meanwhile, Gasless transactions remain a valuable option for specific use cases, particularly with V4 wallets.
As the TON ecosystem continues to evolve, these features showcase Tonkeeper's commitment to breaking down barriers and fostering broader adoption of blockchain technology. Whether you're a crypto novice or a seasoned user, Tonkeeper's innovations are paving the way for smoother, more intuitive blockchain interactions.
#TONBlockchain #Tonkeeper #GaslessTransactions #Toncoin #W5Wallet
