MetaMask, launched in 2016, is a software cryptocurrency wallet used primarily to interact with the Ethereum blockchain. It’s designed to work as a browser extension or mobile app, allowing users to manage their Ethereum and ERC-20 tokens, which are assets that follow a specific standard compatible with the Ethereum blockchain.
What Makes Metamask a Powerful Crypto Wallet
Metamask is popular for a reason. For long it has been an undisputed leader in its own right. And, that’s for the solid features that Metamask offers. Let’s take a look at this crypto wallet’s extensive features before we conduct a thorough examination and try to find a comprehensive answer to whether Metamask is safe or not.
Wallet Functionality
At its core, MetaMask is a crypto wallet. It stores a user’s Ethereum wallet address and private keys, which are used to sign transactions. This means users can send and receive Ethereum and other supported tokens.
User Interface for Decentralised Applications (DApps)
MetaMask acts as a bridge between your browser and the Ethereum blockchain. It allows users to interact with DApps directly in their browser without running a full Ethereum node. This has been crucial in popularising DApps.
Security
The wallet is designed with security measures to keep users’ private keys and funds safe. Keys are stored locally on the user’s device and are password-protected.