TON Core Team Launches W5 Smart Wallet, Enabling Gasless Transactions on #TON and Up to 255 Transactions Simultaneously

As previously discussed in a recent CNF update, Bitget Wallet, the preferred wallet on the TON ecosystem, continues to provide comprehensive support

In recent updates, Bitget Wallet, the go-to wallet within the TON ecosystem, has maintained its dedication to providing its users with a seamless and comprehensive experience. Among these updates is the ability to effortlessly create TON wallets, enabling users to securely and conveniently manage their on-chain assets.

The TON blockchain has now introduced gasless transactions with the launch of the W5 smart wallet standard. This allows users to perform transactions in USDT and Notcoin without the need for Toncoin to cover transaction fees, which is particularly relevant given the recent 6% price dip.

As stated in a recent tweet by the official TON account, the TON Core team, in collaboration with Tonkeeper, has launched the W5 Smart Wallet. This new wallet type enables gasless transactions on the TON blockchain and allows for the processing of up to 255 transactions simultaneously.

? The TON Core team, in collaboration with @tonkeeper, has launched the W5 Smart Wallet, enabling gasless transactions on #TON and up to 255 transactions simultaneously!

But what does that mean for Telegram’s 950M users? ?

Let’s dive in ?⬇️ pic.twitter.com/FXLOCeRBi0

— TON ? (@ton_blockchain) July 25, 2024

This development is significant as it aligns with the broader goal of mass cryptocurrency adoption. While MPC wallets have been covered in previous articles in the context of EVM blockchains, heterogeneous EVM chains like Solana and TON also require user-friendly wallet solutions. The W5 Smart Wallet aims to achieve this by combining high security, speed, and convenience to enhance the accessibility of blockchain technology for the general public.

The new W5 wallet is currently available on Tonkeeper, with plans to integrate it into other self-custodial wallets such as TON Space and MyTonWallet. This expansion is expected to increase the user base and transaction volume. According to Tonkeeper CEO Oleg Andreev, this development could pave the way for Telegram's 950 million users to engage with blockchain technology more easily.

At the time of writing, Toncoin (TON) is priced at $6.63, down 0.85% in the past 24 hours and 8.85% in the past week, according to CoinMarketCap today.

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