In our latest attempt to mitigate the high gas fees and limited scalability of Ethereum, Coin98 Wallet is delighted to announce the official integration with Optimism, a Layer 2 scaling solution for Ethereum.
We expect this integration to bring Coin98 Wallet users closer to multiple DApps developed on the Rollup chain, enjoying amazingly low gas fees compared to the Ethereum.
Technically, there have been 2.2 million transactions executed on Optimism with $100+ million saved in gas fee, which depicts the momentum shift of users changing from L1 to L2 solutions, especially Optimism. Coin98 Wallet wants to bring users a simple gateway to ride this massive wave at its very early stage.
Coin98 Wallet users’ experience shall be enhanced with Optimism in terms of:
- Transaction finality: You know almost immediately if your transaction took place or not using a blockchain explorer
- Transaction fees: Optimism offers typically between 1% and 10% lower transaction fees than those on L1. This is one of the primary purposes of building Rollup on Ethereum blockchain, where transaction fees are too high for the majority...
In addition, Coin98 Wallet also supports the cross-chain bridge between Ethereum and Optimism, which means that users can now easily transfer their assets from Layer 1 to Layer2 natively on the Mobile App and enjoy the low gas fee & scalable environment of Optimism.
How to create an Optimism Wallet on Coin98 Wallet
Before we begin, you need to install or update our Mobile App to the latest version:
We recommend you create a Multi-Chain wallet on Coin98 Wallet to easily manage and get access to all single blockchain wallets with only one single Passphrase.
If you are already a Coin98 Wallet user, you should refresh your multi-chain wallets to get updated with Optimism wallet, as well as other integrated blockchains on the latest version automatically. Follow the instructions below.
Your Optimism Wallet will instantly display on the home screen. You can also click Manage to check your wallets.
Users can follow this step-by-step guide for further instructions on sending and receiving ETH (Boba Network) on the Coin98 Mobile Wallet.
Besides, users can also experience the native cross-chain bridge to convert assets from Ethereum to Arbitrium, walk through how to use Arbitrum cross-chain bridge here.
About Coin98 Wallet
Coin98 Wallet is a non-custodial NFT wallet used to store, manage, trade, and swap multi-chain, multi-source digital assets. It supports the most popular chains, including BTC, ETH, TOMO, Tron, Binance Smart Chain, Solana, Polkadot, Kusama, HECO Chain, Near, Avalanche X-Chain & C-Chain, Binance Chain, Celo, BandChain, Kava, Terra, Cosmos, ThorChain, Fantom, Polygon, Persistence, XDai, Kardiachain, Ronin, GateChain, OKExChain, Klaytn, Boba Network, Optimism, Arbitrum,...
Coin98 Wallet has both the Mobile App and the Extension version that act as a gateway, connecting users to the DeFi world.
Optimism is an EVM-compatible Optimistic Rollup chain designed to be fast, simple, and secure. Optimism pledges to uphold the values of Ethereum by producing infrastructure that promotes the growth and sustainability of public goods.
The Optimistic network is expected to solve two main problems of the existing Ethereum network: near-instant transaction finality and much lower transaction fees.