What is the ONE THING that can significantly reduce transaction costs on Ethereum?

It's a technique called TRANSACTION BATCHING.

But did you know you can already use transaction batching in Ambire Wallet?

Let's look into this game-changing feature.

Transaction batching is the process of combining multiple transactions together into a single operation to save on gas fees and improve efficiency on the blockchain. This is especially beneficial when you're grouping transactions on high fee networks like Ethereum.

Transaction batching is facilitated by smart contracts. But what are they? Smart contracts are programs running on Ethereum - collections of code and data deployed to the network and run as programmed. Ambire Wallet utilizes smart contracts to enable transaction batching.

The implementation of transaction batching requires a robust infrastructure to ensure the accuracy and security of batched transactions. Ambire Wallet has meticulously crafted its infrastructure to support transaction batching, guaranteeing a secure and efficient process.

Transaction batching has several advantages compared to regular transaction operations on the blockchain.

➡️ Better user experience

Ambire Wallet’s feature to combine transactions is a testament to the improved UX that comes with batched transactions.

➡️ Lower gas fees

Let's compares gas costs between EOA wallets like MetaMask and Ambire Wallet with the Gas Tank feature enabled. As the number of operations increases, Ambire Wallet consistently demonstrates reduced gas costs compared to EOA wallets.

➡️ Improved security

Ambire Wallet offers a transaction simulation feature that allows you to preview the outcome of your transactions before signing, ensuring accuracy and reducing the likelihood of errors.

➡️ Higher scalability

Transaction batching helps with blockchain scalability. When you process multiple transactions as a single batch, you significantly reduce the load on the network. Ambire's implementation of transaction batching is a step towards solving the scalability challenge.

Thanks to transaction simulation, Ambire improves both the user experience and security. But what is it exactly? As the name suggests, transaction simulation allows you to preview the outcome of your operation before signing it. You can see how the transaction will impact your account balance.

Even further, thanks to meta transactions and transaction simulation, you can basically operate with funds that you will have in the future. Mindblowing, isn’t it? Here’s an example:

In Ambire Wallet you can swap ETH for USDC. Before signing the transaction, you will have your token balance updated with 'pending USDC' now available in the wallet. You can take this USDC and lend it to any protocol. Eventually, upon signing Ambire will broadcast three consecutive transactions:

➡️ Approve ETH spend
➡️ Swap ETH for USDC
➡️ Lend USDC

Before signing, you can add even more transactions to a batch. At the end, you will save on time and gas fees.

Transaction simulation will also improve you wallet security. If you use Ambire Wallet to interact with a suspicious contract, transaction simulation will show the outcome of this operation, e.g. funds going out of your account balance, thus alerting you to never sign the transaction. This makes Ambire one of the most effective scam prevention wallets out there.

Ambire takes smart contract wallet decentralization to the next level. One key aspect of this is working toward becoming chain agnostic.

Last week we achieved a new milestone when our team successfully implemented ERC-2470 into Ambire V2. That means our browser extension users will be able to add new EVM chains without any limitation, independently from Ambire, and continue to have the same address.

What makes Ambire one of the most user-friendly wallets powered by Account abstraction today is the fact that our users have the same address on each EVM chain that Ambire is enabled on.

Adding chains in Ambire Wallet will be like adding chains in any EOA wallet.