Wire Network MegaMask Wallet: The End of Expensive Ethereum Fees?

Wired Network Announcement on Wednesday, he opened his decentralized office MegaMask wallet to the public for alpha testing.

Currently in this early access phase, the MegaMask wallet allows users to send, receive and purchase cryptocurrencies on platforms such as Wire Network, Polygon (CRYPTO: MATIC) And Ethereum (CRYPTO: ETH).

Alongside these core features, the wallet introduces social features including cryptographically secure chat messaging, group chats, and a custom user profile setting.

The announcement comes just before Benzinga’s The future of digital assets conference scheduled for November 14. Industry experts expect Wire Network advancements such as MegaMask to be among the talking points, showcasing the rapid advancements in blockchain technology.

In a press release shared with Benzinga, the company said that beyond the wallet, it wanted to develop a system that promotes trustless transactions across multiple blockchains, eliminating the need for third-party bridges or oracles. This approach embraces networks outside of the conventional EVM ecosystem, paving the way for universal blockchain interoperability.

The driving force behind this is the integration of Universal Polymorphic Address Protocol (UPAP) with Wire Name Service (WNS) and cryptographic single sign-on (SSO).

Together, these innovations form a layer 1 blockchain protocol. This protocol is designed to simplify user onboarding and mitigate vulnerabilities seen in existing cross-chain solutions.

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Wire Network added that one of the hallmarks of the network’s ecosystem is its ability to bypass the exorbitant fees associated with the Ethereum blockchain. This is achieved via an abstract property layer (WNS) powered by a smart contract.

The layer ensures that assets remain on their native chains, but users can transact against their value on the open market when interacting with other UPAP-enabled wallets.

Ken DiCrossfounder and CEO of Wire Network, expressed his excitement: “We are excited to open alpha and invite the community to engage with the initial features and social components of MegaMask.”

He highlighted the portfolio’s ability to streamline the traditionally complex onboarding process.

“Our wallet simplifies the traditionally complex onboarding process by providing trustless single sign-on that works like any other login process the user has experienced. This gives users access to the growing blockchain economy while removing all technical barriers. kind of disappearing, which we think is important to take the next step in blockchain adoption,” DiCross added.

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