TON and Tonkeeper Introduce Gasless Transactions with New Wallet Standard

Developers of TON and the Tonkeeper wallet have launched support for gasless transactions in the new W5 Smart Wallet standard.

? We are launching W5 Smart Wallet, a new wallet standard developed by Tonkeeper in close cooperation with the TON Core team!

To try W5, update your Tonkeeper to the latest version, then create a new wallet, selecting W5 in Settings.
More details: https://t.co/q9sJCi5LRv pic.twitter.com/p1sv9VvwDg

— Tonkeeper (@tonkeeper) July 25, 2024

“W5 is an open wallet standard developed in collaboration with the TON ecosystem to replace the current v4 wallet version. Tonkeeper aims to simplify blockchain interaction and make TON accessible to all users, regardless of their familiarity with cryptocurrency,” the statement reads.

The key feature of the wallet is gasless transactions. Operations are paid in USDT or Notcoin from the user’s balance.

“[W5] will provide two-factor authentication, password recovery, and gasless fees paid in USDT, making it easy for everyone to start using TON,” noted Anatoly Makosov, Technical Lead of TON Core, in a comment to The Block.

The option will soon be available in TON Space and MyTonWallet.

The introduction of gasless transactions was revealed in the TON roadmap for 2024, presented in April. It also included the development of the new cross-chain technology, Teleport.

The launch of the latter was announced by the TON Foundation in mid-July. According to the statement, the TON Teleport BTC solution is designed to engage holders of the first cryptocurrency in DeFi activities.

In April, Tether, the issuer of the leading stablecoin USDT, added support for the TON blockchain.