Trust Wallet FlexGas Feature Overview: The Evolution of Gas Fee Payments in Crypto
The post Trust Wallet FlexGas Feature Overview: The Evolution of Gas Fee Payments in Crypto appeared on BitcoinEthereumNews.com.
Imagine using your familiar non-custodial wallet without the constant need to top it up with native tokens to pay transaction fees. The need to hold native tokens for every crypto transaction can be a barrier for many users interacting with cryptocurrency or decentralized applications, creating unnecessary friction in the process. However, following a recent Ethereum update, Trust Wallet has implemented an effective solution to this limitation in the form of the FlexGas feature, which allows users to pay gas fees with tokens other than the native networks’ coins. Trust Wallet is a leading multichain non-custodial wallet with over 200 million users. It is a user-friendly and secure wallet that supports more than 100 different blockchains and over 10 million assets, providing users with all the necessary tools for storing, sending cryptocurrencies, and seamlessly interacting with the DeFi sector. EIP-7702: Enabling Next-Level Wallet Features Before diving into the exploration of FlexGas, it’s important to understand the key details that made the implementation of this feature possible — Ethereum Improvement Proposal 7702 (EIP-7702). EIP-7702 is an on-chain proposal for Ethereum, co-authored by Vitalik Buterin, that introduces a new type of transaction allowing Externally Owned Accounts (EOAs) to set smart contract code for wallets, which can only be executed during the transaction. This proposal brings Account Abstraction (AA) capabilities to standard EOAs, making user interaction with the blockchain highly flexible and convenient. Thanks to this update, solutions such as gas sponsorship, batch transactions, custom transaction execution logic, and flexible authentication and authorization methods have become available, all while maintaining non-custodial control without handing full control over to smart contracts. Trust Wallet CEO Eowyn Chen highlights: “EIP-7702 changes the game. It’s the most important UX upgrade Ethereum has seen in years, and we’re excited to be among the first wallets building directly on top…
