Since its first release in 2016, MetaMask has established itself as a key entry point into the blockchain and cryptocurrency ecosystem, and more than 30 million monthly active users now use it as their preferred wallet for EVM-based assets.
MetaMask is typically the first stop for new cryptocurrency users because it is extremely user-friendly, simple to install, and accessible from virtually any device or browser. More seasoned cryptocurrency users, however, might choose a hardware wallet instead because it can be used to safely store funds in cold storage.
Because of its ‘Add Network’ feature, MetaMask supports a wide range of different blockchains, which is one of the reasons it continues to be so popular. The use of well over 50 different blockchain mainnets and testnets can be added by users with this.
Here is what you need to know if you want to add support for a new network.
Note that only EVM-based blockchains are supported by MetaMask. To interact with non-EVM chains like Solana, Terra, Waves, or NEAR, you will need to purchase a separate native wallet.
Adding a New Network by Hand
Only a small number of Ethereum-based networks, including the Ethereum mainnet and many testnets, are supported by MetaMask by default (Ropsten, Kovan, Rinkeby, and Goerli). You may manually add support for more networks using MetaMask’s straightforward “Add Network” option if you want to use it to communicate with other networks.
You must do this by giving MetaMask the information listed below for the new network.
Name: The name of the blockchain you wish to use for interaction, such as BNB Chain.
RPC URL: The address of the set of protocols that MetaMask can use to communicate with the destination blockchain is known as the RPC URL.
Every network has a distinct chain ID that is used to identify it.
The ticker MetaMask employs to show the balance for the network’s native cryptocurrency, such as BNB, is the currency sign.
The URL for the network’s block explorer is available as a parameter.
1.4 Waves Node Millions of MetaMask users now have access to the Waves ecosystem thanks to Zegema. All developers are encouraged to integrate MetaMask into their applications in order to test the feature and provide feedback. The release is currently active on Stagenet.
Since it enables bitcoin transactions between users’ wallets and the apps and vice versa, MetaMask is a cryptocurrency wallet and the entry point to blockchain apps. It is really helpful when purchasing, storing, shipping, and exchanging tokens. Both a browser extension and a mobile app are accessible.
In order to manage your digital assets, MetaMask provides users with a key vault, secure login, token wallet, and token exchange.
The most straightforward and secure way to connect to blockchain-based applications is using MetaMask. Whenever they interact on the new decentralized web, users always feel in control.
On the user device, MetaMask produces passwords and keys. As a result, user accounts and data are only accessible by users. Always let the user decide what information to give and what to keep private.
For its key utilities, developers, token traders, cryptocurrency players, and newbies to the blockchain all find MetaMask useful. There have been over a million downloads, and more are being added daily.
The answer to the question of whether having cryptocurrency is required to utilize the Metamask is no. Technically, no, as you are able to accept signature requests from websites that have no value associated with an account. Including cryptocurrencies like ETH and ERC-20 or ERC-721 tokens in your MetaMask account enables you to invest, trade, play games, own one-of-a-kind digital objects (NFT collectibles), and much more.
Tokens and ETH can be transferred from one wallet to another to a fresh MetaMask account. To send money to your new wallet address, simply copy your new MetaMask public address and go to your current wallet or exchange. Your MetaMask address (in the form 0x12r45…6HJ9) can be found under account name.
Support for ETH and any ETH-based cryptocurrency is provided by MetaMask (erc20, 721, and more). Some tokens must be manually listed in order for MetaMask to display them.
On the home screen of the mobile wallet, Metamask also supports the collectibles tab. Trezor and Ledger are currently supported by MetaMask on the extension. On mobile devices, hardware wallet support is still lacking.
Your ether and other ethereum-based assets are stored virtually at an ethereum address, which is a distinctive identity. Imagine it like the number for your bank account. That will serve as your public address, then.
On the mobile app, press the menu button (top right), then select Wallet to send and receive money. Click Send or Receive after choosing a token or collectible.