Applications and Use Cases

Version 2 of Pillar's Multi-Chain Wallet Offers 99% Gas Fee Reduction


July 01, 2021

Open-source crypto wallet developer Pillar has revealed the second edition of the company’s multichain crypto wallet. The latest edition boasts a number of new features, including a 99% reduction in gas fees compared to competitors like Ethereum.

The world is currently in the midst of the crypto currency renaissance, inspiring Pillar to create an open-source, community-run crypto wallet that appeals to investors across both ends of the financial spectrum. The second edition of Pillar’s crypto wallet offers a safe, inexpensive storage platform for digital assets, allowing users to have ready access to their funds whenever they need them. 

"The V2 launch brings together the expertise we've gained from building and scaling smart wallet solutions in the decentralized space over the past three years with exceptional UX/UI," said CEO of Pillar, Michael Messele, “"Pillar aims to play a vital role in bringing DeFi to a mainstream audience with this release.”

New features of Pillar’s second edition crypto wallet include: 

-Community DAO - Pillar (PLR) token holders govern the product roadmap, fund initiatives; manage the treasury of 100M PLR tokens; and get rewarded for their contributions.

-Low fees and faster transaction speeds - users can connect to dApps available on side chains and Layer 2 networks and pay 99 percent lower fees compared to Ethereum.

-Cross-portfolio management - one wallet, one address, and one dashboard to manage crypto assets across networks for a unified multi-chain experience.

-In-app Curated insights - wallet users can access industry news, trends and educational materials directly within the app (via Pillar Stories).

-Decentralized and secure - smart contract-based wallets offer enhanced security and are recoverable.

Readers who wish to learn more about Pillar and the second edition of the Multi Chain Wallet can view the upcoming webinar titled "Will DeFi Cross the Chasm?" on June 30 at 6pm CET.


Edited by Luke Bellos

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