
Jakarta, Pintu News—MetaMask, the digital wallet known as the top choice for the Ethereum ecosystem, recently announced a major update.
This update will extend support to the Bitcoin and Solana networks and introduce smart contract capabilities.
This update, announced on February 28 through the official X MetaMask account, is expected to change users’ interactions with various blockchains.
Check out the full news below!
Since its inception, MetaMask has been an essential tool for Ethereum (ETH) users to manage assets and run decentralized applications. However, with the latest update, MetaMask will now support not only Ethereum (ETH) but also Bitcoin (BTC) and Solana (SOL).
This is a strategic move to expand its functionality beyond a single ecosystem. The update will also include a redesigned user interface, which makes managing digital assets more intuitive.
Users can manage multiple seed phrases in a single wallet, a highly anticipated feature that increases security and ease of use. Thanks to the abstracted gas fee feature, users can now pay gas fees with any token, not just Ethereum (ETH).
Also read: Uniswap Launches Crypto to Bank Transfer Feature, Expands Global Access!
One of the most exciting innovations of the MetaMask update is the introduction of smart transactions. This feature is designed to prevent failed transactions and limit Maximum Extractable Value (MEV) attacks, improving the reliability and security of transactions within the MetaMask ecosystem.
After the next Pectra Ethereum update, MetaMask will also launch a smart account feature. This feature will enrich the self-storage process by adding a layer of security and functionality.
With this feature, MetaMask not only becomes a cross-chain wallet but also emphasizes security and ease of use when managing assets from multiple blockchains.
Also read: Pi Network gets more popular, businesses in Florida accept payments with Pi Coin!
Although MetaMask continues to dominate the self-storage wallet market, competition is intensifying. Phantom, the most popular Solana (SOL) network wallet, has grown to 15 million users since its launch in 2021.
Initially supporting only Solana (SOL), Phantom has ventured into the Ethereum (ETH) ecosystem. With this latest roadmap, MetaMask is demonstrating its efforts to maintain a leading position in the ever-changing crypto wallet space.
This update improves functionality and extends MetaMask’s reach to users across multiple blockchains, strengthening its position in the market.
This MetaMask update marks a new era in digital asset management, opening up more possibilities for users to interact with various blockchains.
With innovative new features and support for additional networks, MetaMask is poised to maintain its dominance and adapt and thrive in the dynamic crypto industry.
That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.
Follow us on Google News for the latest updates on crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference