Popular Crypto Wallet MetaMask Rolls Out 'Smart Transactions' to Combat Ethereum Front-Running

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Sam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.

MetaMask, the most popular crypto wallet for Ethereum, is rolling out a new feature this week designed to help users avoid the consequences of maximal extractable value, or MEV.

"Everyone agrees it's a huge problem," said Linehan."From a user experience perspective, the idea that you pay for a transaction that does nothing, that's, like, nonsensical.", which has become an increasingly popular strategy for ensuring transaction privacy and protecting against MEV.

Metamask will leverage some of these same operators – builders and searchers – to power its virtual mempool. Unlike on Ethereum's public mempool, the virtual mempool's builders and searchers will be financially penalized if they fail to execute transactions at the prices quoted by MetaMask to users.

Source: Digital Coin News (digitalcoinnews.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kraken Releases Own Crypto Wallet, Joining Competition With Coinbase, MetaMaskMargaux Nijkerk reports on the Ethereum protocol and L2s. A graduate of Johns Hopkins and Emory universities, she has a masters in International Affairs & Economics. She holds a small amount of ETH and other altcoins.
Source: CoinDesk - 🏆 291. / 63 Read more »

Crypto wallet Zengo acquires stablecoin-focused Minke walletCrypto wallet provider Zengo has acquired Minke, a stablecoin-focused wallet, in a bid to expand its user base.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Robinhood Issues Crucial Announcement for Polygon (MATIC) CommunityRobinhood Wallet, popular stocks and crypto trading application, adds new function based on Polygon (MATIC) blockchain
Source: Utoday_en - 🏆 295. / 63 Read more »

FBI cautions against non-KYC Bitcoin and crypto money transmitting services as SEC goes after MetaMaskUS Federal Bureau of Investigations (FBI) has issued a caution to Bitcoiners and cryptocurrency market enthusiasts, coming on the same day as when the US Securities and Exchange Commission (SEC) is on the receiving end of a lawsuit, with a new player adding to the list of parties calling for the regulator to restrain its hand.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Kraken launches self-custodial mobile wallet called Kraken WalletThe firm published the app's open-source code on GitHub so that third-party review strengthens the wallet's security.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Wasabi Wallet-Developer Blocks U.S. Citizens and Residents After Samourai Wallet ArrestsU.S citizens residing abroad are also banned from using the service
Source: CoinDesk - 🏆 291. / 63 Read more »