Ultimate Resource For Metamask
MetaMask is a browser extension designed to make accessing Ethereum’s Dapp ecosystem easier. Ultimate Resource For Metamask
It also serves as a wallet for holding ERC-20 tokens allowing users to access services built on the network via the wallet.
Google has banned Ethereum (ETH) wallet and decentralized app (DApp) browser Metamask’s android client from its Play app store.
The MetaMask team took to Twitter on Dec. 26, where they announced that Google had suspended MetaMask’s android client from Google Play’s app store, claiming MetaMask was in violation of Google’s financial services policies.
“I very much hope that this was an honest mistake on the part of Google’s reviewers, but in combination with all the crypto YouTube bans, it definitely puts me at disease about how Google is engaging with decentralizing technologies. If people accept this behavior from a mobile monopoly like Google, we may not deserve something better.”
Not The Only Google Project To Bar Crypto-Related Content
Over the past several days, Google-owned video giant YouTube had removed videos from the accounts of several cryptocurrency-related content creators. Today, however, YouTube representatives have claimed that the removals were done in error and some content has started to be restored.
MetaMask Contributor Says Project Lacks Support From ConsenSys
A contributor of major Ethereum browser extension Metamask has reported that the MetaMask team is “totally overwhelmed” and not being prioritized by its parent company ConsenSys.
In a Dec. 25 Reddit post, Reddit user lazaridiscom3 alleges that the MetaMask team is not getting the support it needs from ConsenSys, and, consequently, the whole team of 24 employees is overwhelmed.
Redditor Says The Ethereum’s “Critical Value-Moving Piece” Isn’t Decentralized
The post, titled “Help MetaMask out of its Activity-Trap,” goes on to say that the MetaMask team has a number of unsolved issues and its inner workflow structure is neither transparent nor decentralized. The post reads:
User Lazardiscom — who goes by Lazardis — told Cointelegraph that he is participating in the project as a contributor, citing his Lazardiscom account on GitHub. As part of suggested solutions to existing problems, the contributor urged that the MetaMask team needs to fully migrate over TypeScript immediately.
Lazardis further suggested that ConsenSys needs to implement “stricter evaluation of its ‘Spokes,’ a strict and binding set of rules for public projects.” The developer also argued that ConsenSys’ software project — referred to as Gitcoin — “needs to be far more uncontrolled, and needs to become attractive.”
Metamask Team Allegedly Has Hierarchical Structure Despite Lubin’s Claims
In the post, Lazardis specifically criticized the structural issues in the MetaMask team. According to the post, MetaMask actually maintains team leads despite Joe Lubin, ConsenSys founder and co-founder of Ethereum, trying to “convince everyone” that ConsenSys is a non-hierarchical company.
Specifically, the post mentions MetaMask’s employee Daniel Finlay as one of the leads who is “totally overwhelmed.” According to Finlay’s LinkedIn page, he currently serves as lead developer on MetaMask at ConsenSys, with his primary responsibilities focused on the browser extension.
Cointelegraph contacted Finlay regarding the issue and had yet to receive a response upon initial publication, but received a response on Dec. 26 which has been included at the end of this article.
Additionally, the post also mentions “super-low bounties,” noting that some of those bounties equate to less than $1 per hour, after calculating how much time the tasks take.
In October, Lubin announced a goal to grow the number of developers on the Ethereum blockchain to as many as one million in 2020. Dubbed OneMillionDevs.com, the initiative was announced by Lubin at a major Ethereum-focused conference Devcon in October 2019. According to Lubin, there are 30 million software developers worldwide, while only a few tens of thousands are blockchain developers, the majority of whom are involved in Ethereum.
Meanwhile, another Ethereum co-founder, Vitalik Buterin, has recently triggered a wave of argument over decentralization in crypto on Twitter. Previously, Buterin argued that centralized crypto exchanges are poised to “burn in hell.”
Finlay’s Response: “I want to firmly reject the general thesis of alarm. We’re doing alright!”
Finlay responded to Cointelegraph’s request for comment by linking to his Reddit post from Dec. 26, which staunchly rejects Lazardis’ negativity. Finlay further said that Lazardis was guilty of “borderline representing himself as a MetaMask team member” when he is simply a contributor. As a result of these concerns, Finlay plans to block Lazardis from their GitHub organization. According to Finlay, the recent Reddit post by Lazardis feels like a “very frustrated job application,” while his “overall inflammatory and alarmist tone” forces the MetaMask team to not work with him anymore.
While admitting that a number of insights provided by Lazardis are fair, including one specific bounty and the urgency to migrate to TypeScript, Finlay still firmly rejected the general idea of alarm, emphasizing that the team is seeing solid progress. As such, the lead developer stressed that both ConsenSys and Lubin continue to contribute to the project. Finlay wrote:
“We love what we do, and ConsenSys is letting us continue doing it! Honestly, we’re incredibly grateful to ConsenSys and Joe for continuing to make ecosystem-enabling tools like MetaMask, Truffle, Infura, GitCoin, Bounties Network, and many more possible.”
Google Play Lifts Ban on Ethereum Browser Extension MetaMask
Major Ethereum browser extension and wallet service Metamask has something to celebrate as 2020 kicks off, notifying its users that Google has now reversed its short-lived ban on the browser add-on.
In A Tweet Posted On Jan. 1 2020, The Metamask Team Revealed That:
“Upon careful consideration, Google has permitted The MetaMask mobile app back on the Google Play (Android) store! Thanks to all the believers in an open web for speaking out in our support!”
Google Mistook Metamask For A Mining App
MetaMask is a browser extension for Google Chrome that includes a built-in crypto wallet enabling to run Ethereum-based decentralized applications, or dApps, without needing to operate a full Ethereum node.
Google’s u-turn comes just a week after it had suspended the MetaMask Android client on the Google Play App Store, reportedly citing its policy against apps that mine cryptocurrency on mobile devices (which notably doesn’t pertain to MetaMask).
MetaMask had tweeted news of the ban on Dec. 26, adding that its appeal had been rejected by Google Play.
In its new year thread, MetaMask thanked its users for having suggested alternative distribution methods during the Google blacklisting, saying that the “experience has made us more resilient, and as a community, we are stronger for enduring it.”
As reported in late December, a MetaMask contributor has recently alleged that the MetaMask team is “totally overwhelmed” and is not being adequately supported by its parent firm ConsenSys.
The contributor further claimed that the MetaMask team’s workflow was neither transparent nor decentralized, and alleged that the project’s code was “of low quality, full of technical debt.”
In response, MetaMask employee Daniel Finlay refuted what he characterized as the “inflammatory and alarmist” tone of someone who was not a full-fledged team member, though he conceded the accuracy of some of the contributor’s criticisms — particularly in regards to the project’s code.
In his rebuttal, Finlay added that MetaMask was “incredibly grateful to ConsenSys and Joe [Lubin]” for its support of the project.
Alongside Google, YouTube was last month in the center of a crypto-related censorship controversy — one that it then swiftly backtracked on, admitting its “mistake.”
Metamask Enhances User Privacy With New Wallet Update
Major Ether wallet service and browser extension, Metamask, introduces newly released version featuring enhanced privacy control.
Metamask, a popular Ether (ETH) wallet and browser extension, has just released a new major application upgrade.
Announcing the news on July 2, Metamask outlined that the new update, Metamask Version 8, offers a number of new features like enhanced privacy control and a new account-login system.
MetaMask Hits 1M Monthly Users Thanks To DeFi boom
The booming DeFi sector is driving up MetaMask’s user base, with the popular Ethereum wallet report now reporting more than one million active monthly users.
MetaMask, the Ethereum (ETH) browser wallet developed by ConsenSys, has surpassed one million monthly active users for the first time.
The milestone comes roughly seven months after the wallet first surpassed one million users in total, suggesting the parabolic rise of decentralized finance (DeFi) in 2020 has driven the surge in MetaMask’s user base.
In an announcement, MetaMask notes top DeFi protocols Uniswap, Yearn Finance, Curve, MakerDAO, and Aave among those favored by its users, highlighting its commitment to supporting the growth of DeFi moving forward:
“Over the last twelve months, significant growth in the adoption of DAOs, Web3 games, and the rapid consumer uptake of DeFi products and services has further accelerated our growth curve.”
Monthly MetaMask users have tripled since February, while the total value locked in DeFi protocols has increased by ten times over the same period, according to DeFi pulse.
MetaMask also released a mobile version of its wallet on September 4, likely assisting its push into seven-figure monthly users.
MetaMask Wants Institutions To Wade Into DeFi With New Enterprise Version
Metamask is seeking to grow the $14 billion DeFi ecosystem by attracting institutional investors with a new wallet that could “run a professional DeFi trading desk.”
Ethereum wallet MetaMask is seeking to attract institutional investors into the decentralized finance sector with the soon-to-be-launched institutional-grade version.
The popular wallet, with more than 1 million monthly active users, introduced token swaps in October this year, and is now looking to expand even further. Developers ConsenSys identified that DeFi protocols are currently too inefficient for professional trading firms, and there is no “robust reporting for accounting, tax, and [profit and loss statement] purposes.”
As per the announcement, the upgraded version is aimed at “trading firms and crypto custodians” and will provide them with “institutional-grade features,” including the ability to “swaps tokens, borrow, lend, and invest in Ethereum applications.” It will also provide users with “operational, security, and reporting features necessary to run a professional DeFi trading desk.”
Digital asset custody firm Curv will be the wallet’s first user, incorporating the new MetaMask wallet to build its new Curv DeFi product, which will be used by the firm’s existing clients, including eToro.
Curv CEO and co-founder Itay Malinger said there is a pressing need for institutional-grade DeFi solutions:
“Since there is no reliable and secure institutional solution for DeFi, organizations are reverting to retail-level use of MetaMask or custom integrations with individual apps as a workaround.”
In the lead-up to the institutional wallet’s release, ConsenSys Codefi will launch an Early Adopter Program where “select partners, custodians, and professional trading firms” will gain early access to help shape specific product features.
Earlier this year, MetaMask launched its mobile wallet and upgraded the Web3 browser wallet to 8.0 with added features, including the ability to “select one or more accounts to associate with a website.”
Nonetheless, the unilateral nature by which YouTube videos were removed and then reinstated has led many content creators to begin exploring migration to decentralized video hosting alternatives.
MetaMask Warns Of New Phishing Bot
The latest MetaMask phishing scam asks users for their seed phrase in a Google Docs form posing as an official support portal.
Crypto wallet provider MetaMask has alerted its users of a new phishing bot that attempts to steal their seed phrases.
In a tweet published Monday, MetaMask warned users that the bot attempts to direct users to a purported “instant support” portal where they are prompted to enter information into a Google Docs form.
PHISHING ALERT!: a new type of phishing bot is becoming active.
Comes from an account that looks “normal” (but few followers)
Helpfully suggests filling out a support form on a major site like Google sheets (hard to block).
Asks for your secret recovery phrase. pic.twitter.com/EeHumnmzbE
— MetaMask (@MetaMask) May 3, 2021
The form asks for the secret recovery phrase that can be used to respawn users’ crypto wallets. MetaMask stated that it does not have a Google Docs-based support system, urging users to seek support from the “Get Help” option within the MetaMask app itself to avoid being scammed.
MetaMask also encourages users to report scams impersonating the wallet and its services, noting customers can do so in the app.
Despite MetaMask warning its users of the phishing bot, some of its users appear to have already been scammed, with one Twitter user replying: “So there is no way to get back our token right?”
Due to its popularity, MetaMask is one of the top targets for hackers and scammers. On Tuesday, the developer behind the wallet, ConsenSys, reported that it had hit a record 5 million active monthly users.
Phishing attacks are a social engineering technique used by scammers to lure users into completing an action that reveals personal information or account details.
In December 2020, MetaMask detailed a “rotten seed phrase attack,” in which a malicious website mimics the website of the wallet the user is trying to install. The fake website generates a seed phrase that enables the scammers to control the wallet once it has been installed.
It is not just beginner users who may fall victim to phishing scams, with a hacker fooling Nexus Mutual founder Hugh Karp into transferring roughly 370,000 Nexus Mutual tokens (NXM) worth $8 million to a wallet under their control at the end of 2020.
Ledger users have also been inundated with phishing attempts, with two major breaches of company servers resulting in the leaking of personal information including email addresses, phone numbers and even physical addresses.
MetaMask Hit 10M Monthly User Mark In July With Asia Leading Growth
The firm said the launch of its mobile version last September has boosted its business.
MetaMask, the non-custodial digital wallet that has become a key gateway to the world of decentralized finance (DeFI), said the number of its monthly active users hit 10 million in July, with the Asian market leading the growth.
* The number of monthly active users increased from 545,080 in July 2020 to 10.4 million this month, representing growth of over 1,800%, according to ConsenSys, the software company that owns MetaMask.
* MetaMask functions much like a bitcoin wallet, allowing users to sign in to decentralized applications and use them through a regular browser.
* The wallet is one of the most popular ways for users to access the Ethereum blockchain and growth has been fueled in part by the boom in non-fungible tokens (NFTs).
* MetaMask said the launch of its mobile version last September has helped its rapidly increase its user base in the Brazil, China, India, Indonesia, the Philippines, Thailand and Vietnam. The launch of token swaps on mobile in March also has accelerated user growth.
* There are now more than 10 million users using MetaMask to swap tokens, borrow, lend, mint and buy NFTs and play games.
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