This update gives users an easy entry point to MultiversX, enhancing the speed and security of blockchain technology.
MultiversX is a new-age blockchain built to be fast, efficient, and safe. It offers quicker transactions and lower fees. MultiversX treats tokens as built-in assets, making them safer and more accessible. The platform can handle many transactions without slowing down. Read on to learn the details of this upgrade for Metamask and MultiversX.
What is the latest about MetaMask Snap?
MetaMask Snap is a new snap that adds a new feature to the established MetaMask wallet. The MultiversX Snap allows you to:
- Protect Your Assets. It integrates the 2FA into the wallet to increase the security of your wallet.
- Move your assets between networks and check out the MultiversX world from MetaMask.
- Run decentralized apps (dApps) on MultiversX straight from MetaMask.
Source: X
How does it work?
The integration process is simple. You can set up a MultiversX wallet with your current MetaMask seed phrase. This implies that you do not require a backup of the new wallet since, as indicated, it is easy to import a new one. Once you set it up, you can access MultiversX’s ecosystem and dApps.
This allows the network to process many transactions, reducing the transactional fees and improving performance. Two-factor authentication improves security. This extra security feature protects against phishing and other attacks.
Extra Benefits
- Mobile Distribution: MultiversX integrates with xPortal for easy mobile access.
- Royalties: The contract authors get back 30% of the gas fees from smart contracts.
- WASM-Based VM: This virtual machine runs smart contracts faster than any other.
- Consistent User Experience: Crypto enthusiasts are fans of easy-to-use platforms. Horizontal scalability makes using MultiverseX hassle-free.
- Sovereign Chains: These unique chains handle complex apps.
- Builders Hub: A resource-rich environment for developers.
Source: X
Conclusion
To begin using the MultiversX Snap, follow the step-by-step guide provided. It shows you the basics and helps developers add this new feature to their projects.
MetaMask and MultiversX pave the way for a safer and more productive blockchain experience with these upgrades. You can start using MultiversX for a better blockchain experience.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
