TLDR
- MetaMask unveils major platform upgrade focused on user experience
- New smart contract features replace traditional wallet system for better security
- Transaction batching system will reduce fees and simplify processes
- US debit card rollout planned for March 2025
- Bitcoin and Solana chains to be added to the platform
The popular Ethereum wallet MetaMask announced a comprehensive platform update on Thursday. The changes represent the largest overhaul in the platform’s history.
At the heart of the update is a move away from traditional wallet architecture. MetaMask will transition from an Externally Owned Account system to Contract Accounts.
The current system relies heavily on private keys for security. Users who misplace these keys often face permanent loss of their funds.
Contract Accounts offer built-in recovery options for users. They also provide additional security checks when processing transactions.
The MetaMask team chose ETHDenver to unveil these changes. The conference serves as North America’s primary gathering for Ethereum developers.
The update introduces a feature called ERC-5792. This system allows users to combine multiple transaction steps into one action.
Users previously needed separate approvals for related actions. The new system bundles these steps together, saving time and money.
MetaMask co-founder Dan Finlay highlighted the efficiency gains. The new system processes multiple actions with a single gas fee payment.
Beyond Ethereum
MetaMask’s debit card program will expand to the United States. Select states will gain access starting in mid-March.
The card program has seen success in European markets. It allows direct spending of cryptocurrency through the Mastercard network.
Users can maintain their crypto investments while having easy access to funds. The system supports both staking rewards and immediate spending.
The platform will add support for Bitcoin and Solana cryptocurrencies. This marks MetaMask’s first major step beyond Ethereum.
The multi-chain support includes interface improvements. These changes make it easier to add new blockchains in the future.
Each new feature focuses on simplifying cryptocurrency use. The platform aims to remove common barriers to crypto adoption.
The updates reflect growing demand for integrated crypto solutions. MetaMask continues to adapt to user needs in the evolving crypto landscape.
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