When exploring the world of Web 3.0, whether you're a novice user or an experienced player, you've probably encountered situations where there's insufficient gas for transferring or interacting with smart contracts. Gas fees are an unavoidable aspect of the journey into cryptocurrency investment and a crucial factor in the operation of blockchain platforms. To enhance user experience, OpenBlock has introduced two major features: Gas YourWay and Gas Station. These features aim to prevent users from running into situations where they don't have enough gas for transactions. Additionally, users can choose to pay gas fees with mainstream assets from any blockchain, offering more flexibility and making it easier for users to embark on their Web 3.0 journey!
What is the Gas Fee?
"Gas fee" is a concept related to blockchain networks, particularly the Ethereum blockchain. On blockchain networks transactions, and smart contract executions require a certain amount of computational resources, and this resource is measured in units called "Gas." Gas fees represent the cost associated with performing operations on the blockchain network and are used to compensate miners for executing these operations and adding them to the blockchain. In simple terms, gas fees are fees that users pay to a blockchain platform to execute a transaction or interact with a smart contract.
What is Gas Station and Gas YourWay?
What is Gas Station?
The Gas Station feature of OpenBlock allows users to continue blockchain transactions even when they don't have enough gas by obtaining gas credits from other users, achieving gasless transactions. This feature significantly lowers the entry barriers into the world of blockchain, providing users with a smoother experience. Additionally, the Gas Station supports gas payments between users, allowing users to cover gas fees for other OpenBlock users, further enhancing the spirit of community support. This feature not only simplifies the blockchain transaction process but also promotes broader adoption, significantly reducing the barriers to entry for Web 3.0.
What is Gas YourWay?
In most blockchain networks, transaction fees are typically paid using the native gas token, which often requires users first to acquire the native gas token before they can initiate transactions. This process can be confusing and inconvenient for new users. With OpenBlock's Gas YourWay feature, users can easily pay gas fees using other authorized tokens, without the need to worry about acquiring and managing the native gas token. This feature allows users without native gas tokens to smoothly engage in on-chain transactions, without being restricted to using only the native gas token for payments. The Gas YourWay feature provides a simpler and more convenient experience for Web 3.0 users, giving them more options while exploring Web 3.0.
What is the difference between the two features?
Both OpenBlock's Gas Station and Gas YourWay features aim to enhance the Web 3.0 user experience, but they have different focuses and roles. Gas Station focuses on providing gas credits to users, enabling them to grant gas limits to their own wallet addresses or other user accounts without the need for transfers, allowing them to continue blockchain transactions even when they don't have enough native gas tokens. This reduces the barriers to entry into the Web 3.0 world and enhances user liquidity.
The Gas YourWay feature, on the other hand, addresses the issue of acquiring and managing native gas tokens by allowing users to pay gas fees using authorized tokens. This means users don't have to worry about obtaining native gas tokens and can easily transact, making it particularly suitable for novice users.
How to use Gas Station and Gas YourWay?
How to use Gas Station?
OpenBlock Gas Station now supports Ethereum, BSC, and Polygon chains. Users can authorize or use ETH, BNB, and Matic credits from other OpenBlock users for gas payments. OpenBlock Gas Station now supports transfers and OB Swap, with plans to support more use cases in the future.
1.To access OpenBlock Gas Station, log in to your OpenBlock account, click on the Gas icon in the upper right corner, and select Gas Station. You can also use Gas Station to view the current Ethereum gas price estimates, making it easy to choose the optimal timing for your transactions right from within the wallet interface.
2.Click on "Top-up," and choose the token you want to deposit as gas fees. (Currently, gas payments are only supported for transfers on Ethereum, Binance Smart Chain (BSC), and Polygon. More chains and usecases will be added in the future.）
3.Select the quantity of the gas token you want to deposit. Click "Top-up." (Note: The current version does not support withdrawing any remaining tokens after depositing.）
4.After a successful top-up, you can return to the Gas Station homepage to view your balance. You can check your deposit history by clicking on "Top-up Balance" or "Transaction History."
5.You can authorize credit to other OpenBlock users, allowing them to pay gas fees using the credit limit you've set. Click on "Authorize," enter the user's wallet address you want to grant credit to, set the credit limit, and click "Confirm." (The first time you authorize the credit to a user may require an on-chain process, so please be patient. You won't need to pay gas for this.）
6.After successfully authorizing credits, you can view the addresses you've authorized credit to and manage the credit limits on the Gas Station homepage.
7.You can manage and adjust the credit limits for the accounts you've authorized credit to or cancel the authorization altogether. Click on "Set," and you can modify the authorized limit. When you choose to cancel the credit, the credited account will no longer be able to use your credit limit, and any remaining balance will be returned to your account.
8.Click on the settings icon in the upper right corner to configure settings such as the name associated with your credit in the Gas Station.
9.When conducting transfers and OB swaps, choose "Gas Payment" and use the balance from the Gas Station to pay for the gas fees.
Reminder: When authorizing a new token for the first time, you will need to have some gas in your wallet ready to pay for the authorization transaction.
How to use Gas YourWay?
OpenBlock's Gas YourWay feature is now available on the Ethereum, BSC (Binance Smart Chain), and Polygon chains. Users can use any authorized mainstream assets, such as USDT, USDC, DAI, etc., to pay for gas fees. OpenBlock Gas YourWay currently supports transfers and OB Swap, with plans to support more use cases in the future.
Transfer:
1.When making a transfer in the OpenBlock wallet and you find that there are not enough native tokens or you want to choose other mainstream tokens to pay for the gas fees, click on "Gas Fee."
2.Choose the authorized token you want to use for gas fee payment. The first time you use a new token to pay for the gas fees, you'll need to authorize it. The initial authorization for tokens will be provided free of charge by the OpenBlock platform. Click on "Authorize for Free."
3.You can choose to authorize other tokens for gas fee payment. Click on "More Tokens," select the token you want to use, and authorize the token. When using a new token for the first time to cover gas fees, you'll need to authorize it. Click on "Authorize Token." After successful authorization, you can view the details of the authorized tokens in the token interface.
OB Swap:
1.Click on the "Swap" function in the upper left corner to access the swap interface.
2.Choose the trading pair you want to perform a swap or cross-chain transaction for, click on "Gas," and select the authorized token you want to use for gas fee payment. When using a new token for the first time to pay for the gas fees, you'll need to authorize it. The initial authorization for tokens will be provided free of charge by the OpenBlock platform.
3.Confirm your trading pair and gas fees. Click on "Confirm Swap."
OpenBlock is committed to lowering the barriers to Web 3.0 by eliminating the limitations and hassles of gas shortages through the Gas Station and Gas YourWay features. These features provide users with a smoother and more user-friendly experience. Gas Station allows users to conduct gasless transactions by obtaining gas credits from others or granting credits to other OpenBlock users. Gas YourWay, on the other hand, removes the restriction of using only native gas tokens, offering users more choices and making it easier for them to continue their journey of exploring the Web 3.0 world.
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