tl;dr
MetaMask is considering adding support for Bitcoin within the next month, potentially bringing millions of transactions onto the platform. This expansion beyond Ethereum could significantly impact MetaMask's user base. Known for supporting Ethereum, MetaMask has already included Snaps, a type of Jav...
According to CoinDesk, MetaMask is considering adding support for Bitcoin within the next month. This potential expansion beyond the Ethereum ecosystem could bring millions of transactions onto the platform. While plans are not yet firm, the move could significantly impact MetaMask's user base.
MetaMask, known for primarily supporting Ethereum and its compatible networks, has already ventured beyond the Ethereum ecosystem with the inclusion of Snaps, a type of JavaScript application. If successful, the addition of Bitcoin support would mark a substantial milestone, integrating one of the most popular blockchains onto one of the leading digital wallet platforms.
This move comes on the heels of MetaMask's recent milestone as the most popular wallet by downloads, reaching 22 million downloads in August 2023. Furthermore, the wallet's developers have been enhancing the user experience by adding features such as Blockaid-based security alerts for various blockchains, Ethereum validator staking options, and a feature that allows users to check their eligibility for airdrops and NFT claims.
While the potential Bitcoin features could start small and then expand gradually, the overall impact on MetaMask's functionality and user base could be substantial, ushering in a new era for the popular self-custodial hot wallet.
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