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Toncoin

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Update July 30, 7.55 am UTC: This article has been updated to include comments from Trust Wallet's Nate Zou.
Trust Wallet, a self-custody Web3 wallet provider, has partnered with The Open Network (TON) to increase the adoption of blockchain technology.
Through the collaboration, Trust Wallet will be able to tap Telegram’s user base to focus more heavily on gaming finance (GameFi) and decentralized applications (DApps).
According to a press release shared with Cointelegraph, the integration will allow the Web3 wallet provider to offer its 100 million users the ability to send and receive Toncoin (<a href="https://cointelegraph.com/toncoin-price-index" rel="noopener noreferrer nofollow">TON</a>) tokens.
In a written Q&amp;A with Cointelegraph, Nate Zou, head of product at Trust Wallet, explained that the wallet provider plans to “provide more access to [the] Ton ecosystem” for users.
<blockquote data-ct-non-breakable="true">
 “For example, single chain and cross-chain swaps and potentially supporting TON NFTs.”
</blockquote>
Related: <a href="https://cointelegraph.com/news/open-source-barz-wallet-trust-wallet-exec" rel="noopener noreferrer nofollow">Open sourcing lets developers explore beyond initial ideas: Trust Wallet</a>
<h2 data-ct-non-breakable="true" id="functionality-and-integration">Functionality and integration</h2>
The integration promises to improve how users interact with TON’s blockchain technology and plans to enable TonKeeper wallet imports into Trust Wallet “in the coming weeks.”
The wallet provider also plans to add further functionality “in the coming months” with the integration of TON Connect and TON DApps.
According to the press release, Nate Zou, head of product at Trust Wallet, explained that the partnership was a “natural progression” for the firm.
“Our values have always been aligned with TON’s community-driven and user-friendly approach.”
Related: <a href="https://cointelegraph.com/news/apple-ios-imessage-zero-day-crypto-exploit-warning-trust-wallet" rel="noopener noreferrer nofollow">‘Disable iMessages’ ASAP to avoid crypto zero-day exploit: Trust Wallet</a>
<h2 data-ct-non-breakable="true" id="trust-wallet-pro-open-source-solution">Trust Wallet pro open-source solution</h2>
On May 29, the Web3 wallet provider <a href="https://cointelegraph.com/news/open-source-barz-wallet-trust-wallet-exec" rel="noopener noreferrer nofollow">released an open-source solution called Barz</a>, an ERC-4337-compatible smart wallet.
The solution was released to help developers bypass wallet challenges and limitations to further blockchain and Web3 adoption through account recovery, flexible key management and signature migration.
Luis Ocegueda, head of engineering at Trust Wallet, explained that “open source gives other developers a chance to do things that we may or may never had even an idea that can do.”
Related: <a href="https://cointelegraph.com/news/ledger-launches-ledger-flex-wallet" rel="noopener noreferrer nofollow">Ledger CEO explains what makes a wallet secure as Ledger Flex launches</a>
<h2 data-ct-non-breakable="true" id="wallet-security-ledger-ceo">Wallet security — Ledger CEO</h2>
On July 26, Ledger announced its new touchscreen wallet, and Pascal Gauthier, the firm’s CEO, sent Cointelegraph a statement <a href="https://cointelegraph.com/news/ledger-launches-ledger-flex-wallet" rel="noopener noreferrer nofollow">stating the three aspects required for wallet security</a>.
Gauthier explained that wallets require a secure element chip for private key security and storage, a secure operating system and a secure screen driven by a secure element.
The wallet provider’s CEO explained that this newest wallet ticks “all three boxes” and described all other touchscreen devices as not secure without screens “powered by the secure element chip.”
Magazine: <a href="https://cointelegraph.com/magazine/thorchain-founder-jp-thor-vampire-attack-defi/" rel="noopener noreferrer nofollow">THORChain founder and his plan to ‘vampire attack’ all of DeFi</a>

Trust Wallet partners with TON for further blockchain adoption

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