MetaMask will soon launch an important update which brings smart contracts capabilities, and native support for the Bitcoin and Solana network.
This announcement was made by Metamask on February 28th through its official X Twitter account. It marks a significant update to the wallet which had previously focused primarily on Ethereum.ETH) ecosystem.
This update includes a completely redesigned interface. It also allows you to have multiple seed phrases stored in one wallet. gas The fees will allow users to pay using any coin instead of ETH.
The platform also plans to introduce smart transactions. This feature is designed to limit MEV attacks and prevent failed transactions. MetaMask, after Ethereum’s next Pectra upgrades will introduce smart accounts that will further enhance self-custody.
MetaMask will now be a multi-chain wallet, focusing on security and ease of use while managing multiple blockchains.
Consensys’ parent company MetaMask, announced the announcement following a recent regulatory win. As described previously reported According to crypto.news, on February 27, the U.S. Securities and Exchange Commission dropped their investigation into the Ethereum Development company.
Consensys has been accused of being an unregistered broker as part of the crackdown by Gary Gensler, former SEC chair. Since interim chair Mark Uyeda took office, however, the SEC has softened their position, dismissing cases against Uniswap and Gemini.
Joseph Lubin, Consensys co-founder and Ethereum creator, called the ruling a success for the cryptocurrency sector.
The competition in the market for self-custody is increasing despite MetaMask’s dominance. Phantom is the most used wallet on Solana.SOLThe, has grown The app is expected to reach 15,000,000 users by 2021.
Phantom started as a Solana wallet, but it has now expanded to include the Ethereum ecosystem. MetaMask has recently released a roadmap that aims to keep its number one spot within the ever-changing cryptocurrency wallet market.
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Source: crypto.news
