Key Insights:
- CoolWallet integrates TRON energy rental, letting users cut fees without burning TRX during smart contract activity.
- Users can pay for Energy with TRX or USDT right inside the app, all while keeping full control of their crypto.
- The update supports TRC-20 transfers and DeFi use cases, improving cost efficiency for frequent transactions on TRON.
TRON energy rental integration with CoolWallet. By integrating with the TRON Energy Rental program on the CoolWallet, users can now save money on their TRON network transaction fees by renting Energy, instead of burning TRX, but will still have access to an independent or “self-custodied” hardware wallet and mobile app.
CoolWallet Adds Energy Rental Support
According to an announcement made recently by CoolWallet, Energy rentals will be available for use across the TRON ecosystem. This means that users will have access to resources from the TRON network by utilizing Energy rentals without affecting their TRX wallet balance with every transaction they make.
This integration occurs within the CoolWallet mobile app, which is paired with the self-custody hardware wallet. All users will retain complete ownership of their private keys and funds while using their Energy rental for transactions. This allows for continued security compliance while lowering daily network costs for all users.
In its statement, the TRON DAO confirmed that the integration supports all TRX and TRC-20-based assets throughout the ecosystem. The announcement on X indicated that the integration would reduce transaction fees and improve the overall user experience for TRON users.
How TRON Energy Rental Works
With the introduction of the TRON energy rental system, TRX does not need to be burned to carry out transactions. The energy required for transaction execution is needed for interaction with smart contracts and token transfers. This includes USD, USDC, and Tether on the TRON Blockchain; again, it is NOT using TRX.
Due to this new system, you will have the ability to “pay” for your energy subscriptions directly from the Cool Wall application, either in TRX or USDT. This provides an opportunity for one to maintain their TRX (token value) since they do not have to spend TRX permanently for fees.
The business model suits those who do frequent transfers or utilize DeFi Services, as well as support the use of stablecoins, where transaction costs could affect one’s daily use of the Wallet.
Benefits for TRON and TRC-20 Users
With the new update for TRON, more cost-effective stablecoin transactions and defi activities mean that users of TRON will use the network more frequently to perform routine daily financial transactions due to lower fees.
Users of TRC-20 tokens who rent energy from the TRON energy system will not experience multiple deductions of TRX from their wallets when executing transfers and smart contract functions.
Full self-custody by CoolWallet confirms that they are being fully supported under this new energy rental model, allowing users to continue to maintain full control of their assets while benefiting from the advantages of an energy rental model.
Strengthening the TRON Ecosystem
CoolWallet’s addition of Energy rental to its platform supports TRON’s mandate to make TRON assets easier to access across a variety of wallets and applications by giving users access to TRON-based products through real-world applications and at lower implementation costs than are currently available.
The integration of Energy rental related to decentralized finance and stablecoin developments within the TRON ecosystem creates additional opportunities to utilize TRON-based products within the CoolWallet app.
TRON continues to move forward with its goal for cost efficiency and improved access to the TRON Network through this most recent update, with other major blockchains making similar infrastructure upgrades.
Final Thoughts
With the introduction of a TRON energy rental to CoolWallet, users can now access a convenient way to lower transaction fees without sacrificing superior security practices.
Through integration support for TRX/TRC20 and real-time fee flexibility, as well as full self-custody options, as adoption continues to rise, the TRON Energy Rental Model can facilitate all types of daily transactions, transfers of stable coins, and other DeFi activity on the TRON blockchain while providing users with an efficient and simple-to-use method of completing these activities.
