MetaMask to add support for bitcoin and other cryptocurrencies
The new feature can be connected using the BitcoinSnap system
15.04.2022 - 09:40
425
2 min
0
What’s new? Ethereum-compatible cryptocurrency wallet MetaMask will start supporting BTC and other cryptocurrencies. The bitcoin wallet feature can be connected using the BitcoinSnap system. MetaMask has unveiled a demo of the new feature, with the project still in the development stage.
What is Snaps? It is a system that extends MetaMask’s capabilities. The feature allows adding new APIs and different blockchain protocols to the wallet. Snaps interacts with the application using JSON-RPC and is so far only available in MetaMask Flask, a separate extension for developers.
What had happened before? In March 2022, ConsenSys CEO Joe Lubin announced that MetaMask will issue its own token and launch a DAO (decentralized autonomous organization). Lubin added that the wallet emphasizes security and user-friendliness. MetaMask also added support for ApplePay for iOS users.
Useful material?
Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024