Difference between revisions of "MetaMask"

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== Basics ==
All of you: Build not there in website Which means Its not leaked some of us:Its hidden and can be leaked anytime
* Announced on:
* [[Mainnet]] release:
* Based in:
 
* A simple guide to using MetaMask can be found [https://medium.com/@decryptmedia/metamask-the-beginners-guide-6111143f2581 here] (23-9-2020).
* MetaMask is a browser extension that enables access to web [[Dapp|Dapps]] through popular browsers. MetaMask injects the [[web3]] [[API]] into a given website’s [[JavaScript|javascript]] context, allowing web [[Dapps]] to read from the [[blockchain]]. In addition, MetaMask lets users create and manage identities, allowing users to review web [[DApp|Dapp]] blockchain [[Transaction (Tx)|transactions]] through a UI before approving or rejecting them. This empowers users by removing the requirement of running a local [[node]] to access web [[DApps|Dapps]], as well as enhancing security by requiring verification for all web [[Dapp]] [[transactions]].
* As web browsers do not natively support interacting with the [[Ethereum (ETH)|Ethereum]] [[Blockchain]], a browser extension called [https://metamask.io/ Metamask] is one way to fill that gap. Metamask will handle the users [[Private Key|private keys]] and allow them to submit [[Transaction (Tx)|transactions]] to the network via an [[Ethereum (ETH)|Ethereum]] [[node]]. Metamask communicates with the sites a user visits by injecting a [[Javascript]] object through which the site can communicate with the [[wallet]] and [[blockchain]]. For mobile users there are applications like [https://www.toshi.org/ Toshi] and [https://www.cipherbrowser.com/ Cipher Browser] that do the same thing on mobile.
* From the [https://www.coindesk.com/the-coindesk-50 CoinDesk 50]:
"''MetaMask, a browser extension, has become a Web 3.0 gateway for over 1.5 million people worldwide. A ConsenSys product, MetaMask is an ethereum wallet that also serves as a [[bridge]] between web browsers and the Ethereum blockchain. From the world of [[NFTs]] to [[Defi|DeFi]] apps, MetaMask is one of the most frequent onramps to the variegated [[decentralized]] world. MetaMask sees approximately 1.5 million monthly transactions, with about three quarters initiated by [[decentralized applications]] and the remainder sent as payments by users. It’s browser plugin has been downloaded four million times, while MetaMask’s new mobile app has attracted more than 130,000 users in beta. "The last year has been an insane time for new programmable money apps built on Ethereum. But, you can't go on a road trip without a car and for me, MetaMask has been the most reliable vehicle on my DeFi journey,” one satisfied user, [[DeFi Dad]], said."''
== History ==
 
== Governance ==
 
=== Admin Keys ===
=== DAO ===
 
* [https://thedefiant.io/consensys-metamask-token/ From] [[The Defiant]] (17-3-2022):
 
''"Under the plan, MetaMask will launch a [[Decentralised Autonomous Organisation (DAO)|DAO]], although Lubin said that it “won’t govern MetaMask, but will enable the creation of novel pieces of MetaMask to be funded.”''
 
=== Treasury ===
 
== Audits & Exploits ==
* [[Bug bounty]] program can be found [insert here].
=== Bugs/Exploits ===
 
* [https://newsletter.blockthreat.io/p/blockthreat-week-22-2022?s=r From] Blockthreat (8-6-2022):
 
''"Metamask patched multiple web2 [https://medium.com/metamask/metamask-awards-bug-bounty-for-clickjacking-vulnerability-9f53618e3c3a vulnerabilities] after they were responsibly disclosed by UGWST."''
 
== Token ==
=== Launch ===
 
* [https://thedefiant.io/consensys-metamask-token/ From] [[The Defiant]] (17-3-2022):
''"On March 16, [[Joe Lubin]], ConsenSys co-founder, told Decrypt that MetaMask will pursue “progressive decentralization” and intends to issue a token moving forward. Under the plan, MetaMask will launch a [[Decentralised Autonomous Organisation (DAO)|DAO]], although Lubin said that it “won’t govern MetaMask, but will enable the creation of novel pieces of MetaMask to be funded.” The comments suggest that MetaMask users who expect to receive an [[airdrop]] may be disappointed, although an airdrop was not explicitly ruled out."''
*[https://thedefiant.io/joe-lubin-teases-metamask-token/ From] The Defiant (8-11-2021):
 
''"[[Joseph Lubin]], founder of [[Ethereum (ETH)|Ethereum]] incubator [[Consensys|ConsenSys]], set off speculation a token for the [[non-custodial]] [[wallet]] MetaMask is imminent after tweeting, “Wen $MASK? Stay tuned.”"''
 
=== Token allocation ===
=== Utility ===
=== Token Details ===
* As of 10-2020 there is no specific [[token]] for MetaMask.
 
=== Stablecoin ===
== Technology ==
* [[Whitepaper]] can be found [insert here].
*[https://github.com/MetaMask/metamask-extension/commit/e4d4c9c45a134eace71d020ac0316deddc52213d Abandoned] [[Open Source|open-source]] prior to launch MetaMask Swap (2-8-2020).
* MetaMask is [https://decrypt.co/39514/metamask-tightens-license-in-response-to-crypto-browser-boom shifting away] (22-8-2020) from [[open-source]] to make large-scale [[forks]] using its code pay up.
* Built on: [[Ethereum]]
=== How it works ===
* Uses [[Infura]], and according to Infura's [https://infura.io/faq FAQ] (13-4-2020):
''"MetaMask (by default) uses Infura, but has the ability to switch to another node provider, even somebody’s own [[node]]. We continue to work with MetaMask and more Web3 browser teams."''
* From this [https://blog.0xproject.com/0x-ecosystem-update-october-2020-7ff479fc6d53 update] by [[0x]] (16-11-2020):
"''MetaMask [https://medium.com/metamask/introducing-metamask-swaps-84318c643785 integrates 0x API] for its new direct token swap functionality with [https://0xtracker.com/apps/metamask over $13 million in volume] sourced through [[0x Protocol|0x protocol]] so far."''
=== Fees ===
=== Upgrades ===
=== Staking ===
=== Liquidity Mining ===
=== Scaling ===
* Uses [[Connext]], according to their [https://connext.network/ website] (21-4-2020).
=== Interoperability ===
=== Other Details ===
== Oracle Method ==
== Privacy Method ==
== Compliance ==
 
* Is [https://blog.tally.cash/a-community-owned-wallet-for-the-new-internet/ accused] of [https://github.com/MetaMask/metamask-extension/commit/e4d4c9c45a134eace71d020ac0316deddc52213d abandoning] the [[Open Source|open source]] ethos is favor of making a lot of money (18-8-2021):
 
''"They charge an enormous fee versus [[Uniswap (UNI)|Uniswap]], [[SushiSwap (SUSHI)|Sushiswap]], [[0x Protocol (ZRX)|0x]], or [[1inch Network (1INCH)|1inch]] — as high as 1% per trade. And unlike each of those platforms, the $10M in [[fees]] they [[earn]] each month don't go to users, instead going directly to a tightly held corporation.''
 
''The latest release includes a number of choices at odds with what's best for users, including blocking wallet access by country and increasing user surveillance."''
 
== Their Other Projects ==
=== MetaMask Swaps ===
* [https://decrypt.co/44000/metamask-debuts-token-swaps-vows-best-prices-across-defi From] [[Decrypt]] (6-10-2020):
''"Today, the [[Ethereum]] [[wallet]] and browser extension is launching MetaMask [[Swaps]], a new feature for [[Firefox]] users (with [[Google|Chrome]] to follow) that allows them to trade the digital assets they hold for just about any token on a [[decentralized exchange]], all while staying within the MetaMask wallet. “We get the best prices because we simultaneously aggregate the most [[liquidity]] sources ([[DEXs]]) and [[MANY|many]] different methods for splitting the order across the DEXs (aggregators),” [[Jacob Cantele]], head of product at MetaMask, told Decrypt. “When we started building this functionality, we planned to bring a single DEX aggregator to MetaMask. We tested every DEX aggregator available, and found that results varied wildly based on the token and size of the swap the user was making.” Working with [[ConsenSys]] Codefi, it created a system that aggregates the aggregators and the DEXs themselves. So it keeps users inside its own UI while sending business to [[DeFi]] protocols like [[Totle]].The list includes not just Totle and [[Uniswap]], but also [[Airswap]] (the ConsenSys DEX that worked with MetaMask on the project), [[0x]], [[1inch (1INCH)|1inch.exchange]], [[dex.ag]], [[Kyber]], [[Paraswap]], and private market makers."''
== Roadmap ==
* Can be found [Insert [[LINK|link]] here].
== Usage ==
* Has [https://medium.com/metamask/metamask-exceeds-1-million-monthly-active-users-9da72a1e915d one million] monthly active users (6-10-2020). Surpassed [https://consensys.net/blog/metamask/metamask-surpasses-5-million-monthly-active-users/ 5M] (1-5-2021).
*Has [https://consensys.net/blog/press-release/metamask-surpasses-10-million-maus-making-it-the-worlds-leading-non-custodial-crypto-wallet/ 10M monthly active users] (8-11-2021)
 
=== Projects that use or built on it ===
== Competition ==
* For mobile users there are applications like [https://www.toshi.org/ Toshi] and [https://www.cipherbrowser.com/ Cipher Browser] that do the same thing on mobile.
*[[Tally (Wallet)|Tally]], a MetaMask [[fork]] after [[J.P. Morgan|JPMorgan]] bought into [[Consensys]].
*[[XDEFI Wallet (XDEFI)|XDEFI Wallet]]
== Pros and Cons ==
=== Pros ===
=== Cons ===
 
* Is [https://blog.tally.cash/a-community-owned-wallet-for-the-new-internet/ accused] of [https://github.com/MetaMask/metamask-extension/commit/e4d4c9c45a134eace71d020ac0316deddc52213d abandoning] the [[Open Source|open source]] ethos is favor of making a lot of money (18-8-2021):
 
''"They charge an enormous fee versus [[Uniswap (UNI)|Uniswap]], [[SushiSwap (SUSHI)|Sushiswap]], [[0x Protocol (ZRX)|0x]], or [[1inch Network (1INCH)|1inch]] — as high as 1% per trade. And unlike each of those platforms, the $10M in fees they earn each month don't go to users, instead going directly to a tightly held corporation.''
 
''The latest release includes a number of choices at odds with what's best for users, including blocking wallet access by country and increasing user surveillance."''
 
== Team, Funding, Partners ==
=== Team ===
* Full team can be found [here].
* A ‘Core Component’ of [[Consensys]]
* [[Jacob Cantele]]; head of product
=== Funding ===
* Is part of [[Consensys Labs]] [https://labs.consensys.net/portfolio/ portfolio] (7-2019).
* [https://medium.com/@decryptmedia/metamask-the-beginners-guide-6111143f2581 Funded] by incubator ConsenSys (23-9-2020).
 
=== Partners ===
* Partners with [[Wyre]] (As of 28-10-2019 [https://www.sendwyre.com/partner-testimonials/ on the website] of Wyre).
*One of the [[genesis]] [https://cryptobriefing.com/consensys-launches-nft-ecosystem-with-99-more-energy-efficiency/ partners] of [[Palm]] (31-3-2021).
==(:==
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[[Category:Companies/Organisations]]

Revision as of 14:03, 14 June 2022

All of you: Build not there in website Which means Its not leaked some of us:Its hidden and can be leaked anytime