Pillar Wallet transformation: enhancing user experience and efficiency with Etherspot

• High Gas Fees: Users were burdened with high transaction fees when using the Ethereum network. This made even simple transactions or interactions with decentralized applications (dApps) costly and less appealing.
• Slow Transaction Speed: Ethereum's network congestion and scalability issues resulted in slow confirmation times for transactions. This slow transaction speed hindered the user experience and made it less practical for time-sensitive activities.
• Network Instability: Ethereum's network could be prone to congestion and downtime during peak usage, leading to network instability. This meant that users couldn't rely on the network's availability when they needed it.

These challenges not only affected the cost and efficiency of using Ethereum but also created barriers to adoption and widespread use. Etherspot is aimed to address these challenges by providing solutions such as cross-chain capabilities, faster in-app browsing, and improved overall user experience.

By implementing Etherspot’s multichain, smart-wallet SDK Pillar Wallet provides:

• Now users can manage wallets for all individual side chains, and their assets across chains, from one dashboard (Ethereum, Polygon, Gnosis, BNB, Optimism & Arbitrum) reducing gas costs.
• Cross-chain swap aggregation. With Etherspot's integration, Pillar Wallet enables users to perform cross-chain swaps efficiently. This means users can exchange assets between different chains without the need to go through multiple intermediaries or complex processes, improving overall asset liquidity and accessibility.
• Interaction with protocols and dApps from one place.
• Fast in-app browsing, reducing the risk of phishing scams.
• Ability to pay gas with stablecoins instead of native chain tokens.

Overall, the integration of Etherspot's multichain, smart-wallet SDK significantly improves the functionality, convenience, and accessibility of Pillar Wallet, offering users a more efficient and user-friendly way to manage their blockchain assets and engage with the decentralized ecosystem.