The post SAFE Introduces Multichain Functionality with Gasless Deployment appeared on BitcoinEthereumNews.com.

SAFE, formerly known as Gnosis Safe, has unveiled a groundbreaking multichain functionality through its X account on X (formerly Twitter). This new feature allows users to deploy accounts across more than 15 blockchain networks using a single address. Notably, this deployment is gasless, eliminating the need for transaction fees typically associated with blockchain interactions.   Introduction to SAFE’s Multichain Functionality What is SAFE? SAFE is a leading smart contract wallet solution that provides enhanced security and ease of use for managing digital assets. By offering a user-friendly interface and robust security features, SAFE has become a preferred choice for individuals and organizations looking to safeguard their cryptocurrency holdings. Overview of the Multichain Functionality The newly introduced multichain functionality enables users to deploy their SAFE accounts across multiple blockchain networks seamlessly. This feature supports over 15 different networks, including major layer-2 solutions, allowing for greater flexibility and interoperability within the blockchain ecosystem. The ability to use a single address across various networks simplifies asset management and enhances the user experience.   Key Features of the Multichain Functionality Single Address Deployment Users can now deploy their SAFE accounts on multiple blockchain networks using a single address. This eliminates the need to manage separate addresses for each network, reducing complexity and streamlining the process of interacting with different blockchains. Gasless Deployment One of the standout features of this multichain functionality is the gasless deployment. Users do not need to pay transaction fees when deploying their accounts on supported networks, making it more cost-effective and accessible, especially for those frequently interacting with multiple blockchains. Support for Major Layer-2 Networks The multichain functionality is available on major layer-2 networks, which are designed to enhance scalability and reduce transaction costs on their respective base layers. This support ensures that users can benefit from faster transaction speeds…

---

Filed under: News - @ October 24, 2024 5:26 pm