Key Highlights:
- MetaMask, the widely used self-custodial crypto wallet for the Ethereum network, revealed multiple updates on Thursday aimed at enhancing the wallet’s usability.
- One notable update includes adding smart contract capabilities to the existing wallet.
- A new feature called ERC-5792, or batched transactions, allows users to combine steps like “approve + swap” into a single click, saving time and gas fees.
MetaMask shared that the wallet generally utilizes Externally Owned Accounts (EOAs), which can lead to human errors like forgotten private keys, resulting in permanent loss of funds. In contrast, Contract Accounts (CAs), controlled by code, include recovery mechanisms and enhanced transaction verification.
During ETHDenver, a major North American Ethereum conference, the MetaMask team stated:
“Smart-contract-based accounts allow us to solve a number of problems, allowing new powerful uses of the assets you hold while improving security. When users define terms from their programmable accounts, they gain enhanced control enforced by code.”
Recent announcements also revealed that the MetaMask debit card will start rolling out in select U.S. states mid-March, letting users spend their crypto easily everywhere Mastercard is accepted.
In efforts to simplify user experience further, MetaMask will incorporate support for Bitcoin and Solana, enabling users to manage various crypto assets all in one platform.
As Dan Finlay noted, this initiative aims not only to introduce popular blockchains but also to streamline the interface for seamless integrations.
