Well-liked cryptocurrency pockets MetaMask would possibly quickly add Bitcoin assist, CoinDesk reports. An unnamed supply cited by the outlet stated entry may very well be granted throughout the subsequent month, whereas one other talked about that the performance isn’t but finalized. The options could also be initially restricted after which expanded over time.
A blockchain software program firm, Consensys created MetaMask to attach customers to Ethereum’s blockchain ecosystem. The pockets helps Ethereum and Ethereum Digital Machines (EVMs), resembling Avalanche, Polygon, Optimism, and Arbitrum.
At present, MetaMask doesn’t instantly facilitate Bitcoin acquisition. Customers should make the transactions utilizing Wrapped Bitcoin (WBTC). A Wrapped Bitcoin is a tokenized model of Bitcoin that operates on the Ethereum blockchain. It’s pegged 1:1 to Bitcoin, so one Wrapped Bitcoin is all the time equal to at least one Bitcoin. It acts as a bridge between Bitcoin and Ethereum’s decentralized applications (dApps). If the CoinDesk report pans out, MetaMask customers will quickly be capable to add Bitcoin instantly.
This isn’t the primary time MetaMask has expanded past the Ethereum ecosystem. In 2023, the corporate added a feature called Snaps. Snaps are JavaScript purposes that allow cross-chain interoperability, permitting completely different blockchain networks to speak and work together with out intermediaries.
Customers have downloaded MetaMask’s apps over 22.66 million occasions, according to CoinGecko.
