Since the inception of cryptocurrencies, a plethora of crypto wallets have emerged, with one of the most popular being the MetaMask browser extension wallet from software technology firm Consensys.
Launched in 2016, MetaMask is now the most popular wallet for interacting with decentralized finance (DeFi).
MetaMask owes much of its popularity to its ease of use and wide range of functionalities.
MetaMask launched as a browser extension that allowed users to transact with Ether (ETH) and other ERC-20 tokens.
The wallet is currently available as an extension to the Chrome, Firefox, Brave, Edge and Opera internet browsers. In 2020, a mobile app for iOS and Android appeared.
In addition to its wallet function, MetaMask also acts as an ID card and can simplify tax reporting for users. It creates a public address to identify an account in various decentralized applications (DApps).
This allows MetaMask users to exchange cryptocurrencies, access non-fungible token (NFTs) markets, and earn tokens in blockchain games.
As a result, most DApps have a built-in integration with MetaMask. This feature positively affects user growth and the popularity of the wallet among DApp developers.
MetaMask’s status as the number-one crypto wallet has recently been challenged, especially since November 2022, when Consensys changed its privacy policy and announced that it would collect users’ internet protocol, or IP, addresses.
The crypto community, which is particularly concerned about privacy, reacted poorly, claiming that Consensys’ actions contradict crypto’s core tenet of decentralization.
While MetaMask is still one of the top wallets, others have emerged that offer similar services and compatibility.
Exodus
Multicurrency software wallet Exodus belongs to the Web3 generation of crypto wallets. In addition to standard wallet features, it supports swap exchange and DApps.
Exodus is one of the most visually appealing and intuitive wallets on the market. Originally a PC-only wallet, It now supports iOS and Android.
One of Exodus’…
..
