Pillar’s new V2 updates upgrade blockchain interoperability by making moving between chains quick and easy. Users can seamlessly connect to dApps on Layer 2 (L2) networks and sidechains without ever having to switch networks in their Pillar wallet.
Interoperability: Why It Matters
The new multichain universe is upon us, and the Pillar wallet is your key to navigating it. A number of unique dApps and efficient cryptocurrencies have sprung up offering tailored services that aim to reduce gas fees, carry out more bespoke tasks, and provide faster transaction speeds.
However, the rise of sidechains and L2 networks demands new ways of communicating between them.
The ability to interact between different systems that use different protocols and data formats is called interoperability.
Interoperability allows us to send an email from Gmail to Outlook, or call an Android from an iPhone. Now blockchain networks need the same features to allow users to move value and data between chains.
Blockchain and Interoperability
Because blockchains involve multiple distinguishing features, from their unique tokens and data management to their consensus algorithms and governance structures, traditional blockchain architecture does not address interoperability.
Sidechains and L2 networks connect L1 blockchains, allowing them to communicate, exchange data, and value. But user experience has been challenging to say the least.
Pillar’s Solution: New WalletConnect Features
WalletConnect is an open-source protocol that lets you easily connect your mobile wallet to desktop dApps via a QR code. And V2 of the feature addresses the UX issues users generally face when trying to navigate multiple chains and networks.
WalletConnect’s new ‘automatic network switching’ feature means the Pillar wallet can replace the need to use multiple, dedicated wallets and apps. Pillar’s multichain wallet simply detects the chain and uses WalletConnect to access and navigate between multiple side chains.
Once connected, the identity and funds from the network can be used without ever having to leave the Pillar wallet. If the dApp is on the Binance Smart Chain, for example, the Pillar wallet automatically uses the identity and funds from your BSC wallet.
It’s so simple and fast that users won’t even necessarily be aware of the technical steps involved with the chains they interact with.
Pillar is dedicated to creating new ways of navigating the Web3 universe quickly, easily, and securely.
We’re constantly updating our software and partnering with developers in the Pillarverse to improve upon existing features and services and making blockchain interoperability possible.