Fuse Wallet Launches Gas Abstraction Feature, Pay for Gas with fuseSOL!

Bittime - Fuse Wallet from the Solana ecosystem, announced the launch of a new feature called gas abstraction. What is the gas abstraction feature? Read this article to find out!

What is Gas Abstraction?

Gas abstraction is a concept that allows users to pay transaction fees with an asset that is different from the native token of the blockchain network used. 

In this case, Fuse Wallet allows users to use fuseSOL, not SOL, as a means of paying gas fees on the Solana network. 

This will certainly provide more convenience for users who may not have SOL, but have fuseSOL.

Read Also: Ethereum Gas Fee Rises to 416 Gwei

How Does the Gas Abstraction Feature Work?

This gas abstraction feature uses sophisticated Paymaster functions. Paymaster functions as a mechanism that automatically manages users' fuseSOL balances to ensure that there are always enough funds to pay transaction fees. 

Additionally, the system also sets a daily spending limit of 0.1 SOL, which aims to protect users from unexpected spending or from potential abuse.

Benefits of Using fuseSOL

With this feature, users can not only make transactions without having to worry about gas fees, but can also continue to earn returns from staking fuseSOL. This of course provides double benefits for users who are active in the Solana ecosystem.

Additionally, by using fuseSOL to pay gas fees, users can maximize the use of funds on the Solana network without having to hold large amounts of SOL just for transaction purposes. This also allows for better liquidity and more efficient use of funds.

Read Also: Arbitrum Now Supports USDC as a Custom Gas Token on Orbit Chain

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.