New Features Announced for the Fantom Wallet on March 24th
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-
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
If you’re someone who’s interested in cryptocurrencies, it’s likely you’ve come across the Fantom Foundation at some point. It is a platform that aims to provide fast, scalable, and secure blockchain solutions even for the most complex applications. One of its most popular offerings is the Fantom Wallet, which has gained a lot of attention from investors while offering features like staking and swapping. On March 24th, the Fantom Foundation announced a number of new features added to 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.
Overview of the New Fantom Wallet Features
The new features added to the Fantom Wallet are designed to give users a seamless and efficient experience when performing transactions on the platform. Here’s a quick breakdown of each new feature and what it means for users:
1. **Free adjustment of the pledge FTM**: This feature allows users to adjust their pledge FTM, which is the amount of coins required for staking on the network. This means that users can now adjust their pledge according to their individual needs without incurring any extra fees.
2. **Creation of governance proposals**: Governance proposals are a way for users to suggest and vote on changes they’d like to see within the network. With this new feature, users can create and submit governance proposals for review by the Fantom Foundation and other community members.
3. **Built-in cross chain bridges**: Cross chain bridges are essential for interoperability between different blockchains. The Fantom Wallet now has built-in cross chain bridges, ensuring that users can easily move their assets from one blockchain to another without needing a third-party wallet.
4. **Built-in OpenOcean aggregation transactions**: OpenOcean is a DeFi protocol that facilitates the trading and swapping of cryptocurrencies across multiple decentralized exchanges. Now, the Fantom Wallet has built-in OpenOcean aggregation transactions, meaning users can enjoy lower fees and higher liquidity when trading.
5. **Integration of the Unstop Domains domain name**: The Unstop Domains domain name is a human-readable, censorship-resistant blockchain domain name that is built on the Ethereum network. This integration means that users can now store their assets under a unique blockchain domain.
Advantages of the New Features
The addition of these new features is a step forward for the Fantom Wallet and the blockchain community as a whole. Firstly, free adjustments of the pledge FTM mean users can better tailor their staking requirements according to their specific needs, without incurring any extra fees. Secondly, the creation of governance proposals demonstrates a push for decentralization and user-led governance. With users able to vote on proposed changes within the network, the democratic process becomes more transparent and inclusive.
Moreover, the new built-in cross chain bridges feature allows for more efficient interoperability between different blockchains, consequently improving the overall user experience. The addition of OpenOcean aggregation transactions also means that users can enjoy lower fees and greater liquidity when trading. Lastly, the integration of the Unstop Domains will allow users to store their assets under unique, censorship-resistant blockchain domains.
Conclusion
Overall, the Fantom Foundation’s announcement of new features for the Fantom Wallet marks a significant milestone for the blockchain industry. Users can expect a better and more seamless experience while holding, transferring, or trading their cryptocurrencies. Alongside the free adjustment of the pledge FTM, the creation of governance proposals, built-in cross chain bridges, built-in OpenOcean aggregation transactions, and integration of the Unstop Domains domain name will empower users with more options, greater efficiency, and a more secure system.
FAQs
1. Will I have to pay extra fees for adjusting my pledge FTM via the Fantom Wallet?
– No, the new feature of the Fantom Wallet allows users to adjust their pledge FTM without any extra fees.
2. What is a governance proposal, and how can I create one?
– Governance proposals are suggestions made by users for changes they would like to see in the network. You can create and submit one for review by the Fantom Foundation and other community members.
3. What does the integration of Unstop Domains mean for me as a user of the Fantom Wallet?
– The integration of Unstop Domains allows users to store their assets under unique, censorship-resistant blockchain domains, which offers greater security for your assets.
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