Metamask Cryptocurrency Wallet Becomes Even More Secure After Recent Update

During the week, it was announced by Devcon that Metamask, as the most popular Ethereum wallet, had recorded over 1.3 million downloads. The team did not stop there but listed the new features that were packed into the latest version 4.11.1 MetaMask extension for Chrome, Firefox, and Brave browser.
One of such is the integration of Trezor and Ledger hardware wallets. This feature is meant to enhance the level of security for users of this wallet where they can stop storing their private keys on their computer. Therefore, you can now store your private key in a hardware wallet which is known to be safer.
After integrating with Trezor, users can check the value of Ethereum and ERC20 tokens in their wallet. They can also transfer these tokens to other wallets if need be, more conveniently, and with lesser transaction fees. While these are all possible directly from Metamask, the major difference is that your private key will be stored on the wallet.
Unlike Trezor whose integration with Metamask was done on the version 4.9.0, Ledger was only made compatible in the latest version 4.11.1. By connecting Ledger to Metamask, users can check the status of their account, transfer tokens with ease, and also sign into other Decentralized apps (dapps) owned by Metamask.
Asides the integration of these hardware wallets, there are several other features in the new version, and many more are expected. For instance, users will be able to move their accounts into a privacy mode. As such, the transaction history and current ETH value in the wallet will not be visible to the public. Before this time, you could scan any ETH address on Etherscan, and the value it holds will be visible.
One more feature to look forward to is the fact that in 2019, users will be able to access their Metamask wallet directly from a smartphone. Here, you can access your ERC20 tokens and Ethereum from an Android phone or iPhone just like on Imtoken and Myetherwallet (MEW). When this happens, you will no longer have to rely only on the web browser extensions to gain access to your account.
Although Ethereum as the second most popular cryptocurrency in the world after Bitcoin can be stored on desktop and mobile wallets, and even on popular crypto exchanges like Binance and Coinbase, Metamask has been said to be the safest. It is a decentralised app that gives you full control of your wallet, which ensures the highest level of security.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Software Giant Palantir Joins the Bitcoin Race, Hints At Gigantic BTC Buy

What do Tesla, Time magazine and WeWork have in common? All companies have, in the last three months, announced either a significant investment in cryptocurrency or a newfound acceptance of it as a means of payment from customers. The most…
cryptocurrencyCryptocurrency NewsebayNewsNFT

NFTs Land Great Feat On eBay

NFTs are everywhere these days. Iconic tweets, digital art, and even memes are being turned into NFTs and sold for everything from a few dollars to millions of dollars each. More and more marketplaces are taking shape to sell NFTs…
cryptocurrencyDOGEdogecoinDOGEUSDElon MuskNewstesla

Dogecoin Blows Hot As ‘Dogefather’ Elon Musk Considers Making DOGE A Payment Option At Tesla

Dogecoin was expected to race to the moon after Elon Musk’s SNL performance, but the asset took the bearish route and dipped until nearly 40% of its value was lost. The crypto went from a high of $0.73 to a…