The open network. Photo by TON Blockchain.
Key points
- The W5 smart wallet allows gas-free transactions using USDT and NOT.
- Users can execute up to 255 transactions simultaneously with the new wallet.
Share this article
<img alt="Follow crypto Briefing on Google News” width=”140″ height=”41″ src=”https://technicalterrence.com/wp-content/uploads/2024/04/HashKey-Group-to-Launch-Ethereum-Layer-2-Network.png”/><img src="https://technicalterrence.com/wp-content/uploads/2024/04/HashKey-Group-to-Launch-Ethereum-Layer-2-Network.png" alt="Follow crypto Briefing on Google News” width=”140″ height=”41″/>
The TON blockchain has Gas-free transactions implemented Through the launch of the W5 smart wallet standard, developed by Tonkeeper and approved by the TON Core team, this new feature allows users to transact using USDT and Notcoin for gas fees, eliminating the need to hold Toncoin.
The W5 smart wallet standard, created as a collaboration between the TON core team and non-custodial wallet Tonkeeper, aims to simplify user onboarding and lower barriers to entry on the TON blockchain. Users can now pay transaction fees with USDT when sending USDT and use Notcoin for gas fees when transferring Notcoin.
“The W5 smart wallet has pushed the boundaries of what is possible on the TON blockchain. Our collaboration with TON Core ensures that users experience unparalleled security, efficiency and ease of use,” shares Oleg Andreev, CEO of Tonkeeper.
The new standard also introduces advanced parallel processing capabilities, allowing users to execute up to 255 transactions simultaneously. This feature opens up new use cases, such as transferring multiple nfts to different collectors at once or managing multiple decentralized subscriptions seamlessly.
“The smart wallet will offer two-factor authorization (2FA), password recovery (,) and gas-free fees, paid in USDT, making it easy for anyone to get started with TON,” shares TON Chief Technical Lead Anatoliy Makosov.
The W5 smart wallet standard is already live on Tonkeeper and is expected to be rolled out to other self-custody wallets such as TON Space and MyTonWallet in the near future. This development comes as TON reports 5.8 million monthly active on-chain wallets, with a surge in daily active addresses following the popularity of Telegram mini-games that use the TON blockchain for transactions.