MetaMask enhances security and improves transaction prices

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MetaMask, the wallet and browser extension for cryptography, is working to strengthen its security as hacking and loophole exploitation continues to plague the industry.

In its latest monthly report, MetaMask has Bitcoin System detailed ongoing efforts to improve the platform for its users and increase security. While dApp developers should be aware of some changes, these will not affect users.

The wallet provider has developed „LavaMoat“, a set of tools to generate dApp packages with enhanced security in the form of Secure EcmaScript (SES) containers. He added that each version of the MetaMask extension from version 8.0.6 onwards deploys a SES.

This hardens all of our code and greatly reduces the number of ways a malicious dependency can compromise a user’s wallet. In short, your wallet is safer than ever!

In addition to the desktop browser extensions Chrome, Firefox and Brave, MetaMask has now launched one for Windows Edge users.

MetaMask: the cost of gas transactions

The report adds that it has changed the way these transaction fees are calculated. This should result in greater consistency in the transaction fees shown on the confirmation screen, in addition to a general increase in the speed of transactions.

To do this, we have launched an advanced ethereum gas estimation API, first in our Swap function and then for all MetaMask transactions.

The application’s programming interface brings together several gas estimation services to provide optimal gas estimates.

The average price of transactions on the Ethereum network is higher than it was for most of November – currently at $2.45 according to BitInfoCharts. It peaked at $5 on 26 November, when activity intensified for the various DeFi protocols.

In early October, BeInCrypto reported that MetaMask had launched token exchanges to save costs.

Phishing, false applications on the rise

Search engines and social media giants are doing very little to prevent scammers from exploiting their advertising platforms, which means that users need to be extra vigilant.

The report published a screenshot of a Google search page showing a malicious website at the top of its results as a paid advertisement. The site uses a fake domain name, but wrote the ad, and paid Google, to get to the top by posing as the real service. Platforms such as Facebook are also rife with fake ads and scams that the company continues to profit from.

Fake applications for DeFi protocols such as Uniswap have also been found on Google Play and it is likely that a number of fake MetaMask applications are also circulating. Be vigilant and always check that you are downloading from the original source.