TON, a layer-1 blockchain platform, has introduced a groundbreaking feature: gasless transactions. This innovation, enabled by the new W5 smart wallet standard, is set to revolutionize the user experience and potentially drive mass adoption.
The W5 smart wallet, originally developed in partnership with the non-custodial wallet Tonkeeper, has now been formally adopted as a standard by the TON Core team. With this wallet, the platform has eliminated the need for TONcoin to cover transaction fees. Instead, users can now send USDT for USDT transactions and Notcoin for Notcoin transfers, when transferring Notcoin or USDT, respectively.
It is now easier for new users to start utilizing the TON blockchain thanks to the W5 smart wallet, which removes the requirement of holding Bitcoin.
By removing the barrier of gas fees, TON aims to foster a thriving ecosystem of developers and users. This development positions TON as a strong competitor in the blockchain space, emphasizing user-friendliness and accessibility.
The W5 smart wallet offers additional features to enhance user experience such as two-factor authentication, password recovery, and the ability to process up to 255 transactions simultaneously.
Oleg Andreev, CEO of Tonkeeper, emphasized the innovation behind the W5 smart wallet, stating that it “has pushed the boundaries of what’s possible on TON blockchain.”
He highlighted the collaboration with TON Core, ensuring users experience “unparalleled security, efficiency, and ease of use.” Andreev believes that this simplicity is crucial for “bringing blockchain technology to a mainstream audience and putting crypto in every pocket.”
The TON Foundation stated that as a consequence, users are no longer required to have TONcoin to enable payments on TON, lowering the hurdles to getting started on the blockchain.
Anatoliy Makosov, TON Core Technical Lead, noted that the W5 Smart Wallet will enhance social interactions and drive mass adoption by offering two-factor authorization, password recovery, and gasless fees paid in USDT, simplifying the onboarding process.
According to the TON Foundation, the new standard also permits sophisticated parallel processing, which opens up new use cases by enabling users to do up to 255 transactions at once.
Further, it stated, “For instance, users could easily manage multiple decentralized subscriptions, transfer 255 NFTs to different collectors at once, or even set up robust security features like two-factor authentication, wallet freezing, and key recovery simultaneously.”
The new standard is now available on Tonkeeper and is anticipated to be implemented shortly on TON Space and MyTonWallet, two self-custodial wallets, as well as other TON-based wallets in the upcoming months.
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