The Fantom Wallet: An In-Depth Analysis of Its New Features
On March 24th, the Fantom Foundation announced a number of new features for the Fantom Wallet, including free adjustment of the pledge FTM, creation of governan
On March 24th, the Fantom Foundation announced a number of new features for the Fantom Wallet, including free adjustment of the pledge FTM, creation of governance proposals, built-in cross chain bridges, built-in OpenOcean aggregation transactions, and integration of the Unstop Domains domain name.
Fantom Wallet adds functions such as cross chain within the wallet and creation of governance proposals
The Fantom Foundation has recently announced new features coming to the Fantom Wallet. These features include free adjustment of the pledge FTM, creation of governance proposals, built-in cross chain bridges, built-in OpenOcean aggregation transactions, and integration of the Unstop Domains domain name. In this article, we’ll dive deep into these features and what they mean for the Fantom Wallet users.
The Free Adjustment of the Pledge FTM
One of the new features that the Fantom Foundation has announced for its wallet is the free adjustment of the pledge FTM. The pledge FTM is the amount of tokens that a user has committed to the Fantom network in order to participate in its validator node. This new feature allows the users to easily adjust the amount of their pledge FTM without any extra cost. This means that users can now have more control over their participation in the validator node without worrying about the fees of adjusting their pledge FTM.
Creation of Governance Proposals
Another new feature coming to the Fantom Wallet is the creation of governance proposals. In the current version of the wallet, users need to use the Fantom Opera blockchain to create governance proposals. However, with the new update, users can now easily create proposals in the wallet without the need to switch to another platform. This new feature provides more convenience to the users, making the process of proposing changes to the network much more streamlined.
Built-in Cross Chain Bridges
The Fantom Wallet is also introducing built-in cross chain bridges. These bridges allow the transfer of tokens between different blockchain networks. With this new feature, users can now transfer tokens between various networks without the need to switch between wallets. This means that users can now easily take advantage of the benefits of different blockchain networks without the hassle of switching between wallets.
Built-in OpenOcean Aggregation Transactions
The built-in OpenOcean aggregation transactions feature will allow users to enjoy benefits of the aggregator by just a click of a button. The feature is excellent for traders and other users who rely on quick execution of transactions to get the best prices on cross-chain processes. The Fantom Wallet now allows users to do this without having to use a separate aggregator.
Integration of the Unstop Domains Domain Name
Finally, the Fantom Wallet is now integrating the Unstop Domains domain name. This feature allows users to register a custodial-free domain name for their wallet, simplifying the process of sending and receiving tokens to and from their wallet. This new feature is convenient for users who struggle with the long and complicated addresses in the wallet.
Conclusion
The Fantom Wallet is quickly evolving to have more features and functionalities for its users. With the latest update, the wallet now has the free adjustment of the pledge FTM, creation of governance proposals, built-in cross chain bridges, built-in OpenOcean aggregation transactions, and integration of the Unstop Domains domain name. These new features make the wallet much more streamlined and convenient to use for its users.
FAQs
1. What is the pledge FTM in the Fantom Wallet?
The pledge FTM is the amount of tokens that a user has committed to the Fantom network in order to participate in its validator node.
2. What are the benefits of the built-in OpenOcean aggregation transactions feature?
The built-in OpenOcean aggregation transactions feature allows users to enjoy benefits of the aggregator by just a click of a button, enabling quick execution of transactions to get the best prices on cross-chain processes.
3. What is the Unstop Domains domain name integration feature in the Fantom Wallet?
The integration of the Unstop Domains domain name allows users to register a custodial-free domain name for their wallet, simplifying the process of sending and receiving tokens to and from their wallet.
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