MetaMask, the renowned self-custodial crypto wallet for the Ethereum (ETH) network, has recently made several exciting announcements aimed at enhancing the user experience of its wallet. One of the key updates in MetaMask’s roadmap is the addition of smart contract capabilities to its existing wallet infrastructure.
Currently, MetaMask operates as an Externally Owned Account (EOA) wallet, which means it is controlled by a public and private key. However, EOAs are susceptible to human error, as losing the private key results in the permanent loss of all crypto holdings in that account. To address this limitation, MetaMask plans to introduce Contract Accounts (CAs) to its wallet. CAs are controlled by code and offer recovery mechanisms and security checks for transaction verification.
During the ETHDenver conference, MetaMask shared a blog post highlighting the benefits of smart-contract-based accounts. By allowing users to define their terms through programmable accounts, MetaMask empowers users to express their agency in ways enforced by their own code, thereby enhancing security and enabling new use cases for their assets.
MetaMask is also introducing ERC-5792, also known as batched transactions, as part of its efforts to improve the user experience. With batched transactions, users can combine multiple steps, such as “approve + swap,” into a single click. This feature saves time and reduces gas fees by executing multiple operations as a single transaction.
Dan Finlay, the co-founder of MetaMask, explained that batched transactions present users with a unified and streamlined experience. Users pay a single gas fee for the entire series of events, resulting in a more efficient process.
Additionally, MetaMask is rolling out its MetaMask debit card, which will be available in select U.S. states from mid-March. The card, initially launched for users in the UK and EU, connects to a user’s MetaMask wallet, allowing them to spend their crypto assets conveniently. Users can earn staking rewards or yield on their favorite protocols and use those funds anywhere that accepts Mastercard.
In line with its commitment to improving the user experience, MetaMask will also add support for Bitcoin (BTC) and Solana (SOL) in its wallets. This means users can conveniently hold multiple crypto assets in one place, streamlining their portfolio management.
MetaMask’s recent updates demonstrate its dedication to enhancing user convenience, security, and accessibility. By incorporating smart contract capabilities, introducing batched transactions, and expanding support for popular cryptocurrencies, MetaMask continues to solidify its position as a leading crypto wallet provider.
Read more: Popular Crypto Wallet MetaMask Rolls Out ‘Smart Transactions’ to Combat Ethereum Front-Running
