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ConsenSys, a tech firm for blockchain-based software, keeps on working to expand blockchain interoperability via the inclusion of an exclusive instrument to the crypto wallet named MetaMask. The consumers of the wallet are now permitted to bridge several blockchain networks with the utilization of MetaMask Bridges, aggregating various blockchain bridges exclusively in a single place.
MetaMask Enables Token Transfers between Blockchains via Exclusive DApp
MetaMask Bridges are compatible with the prominent blockchains which support Ethereum Virtual Machine (EVM), taking into account Polygon, the Binance Smart Chain, Avalanche, and Ethereum. The latest instrument permits the bridges belonging to Wrapped Ether (WETH) and Ether (ETH), local gas tokens, as well as the well-known stablecoins, as per the company.
The latest bridge facility lets the consumers of MetaMask take tokens from one blockchain while shifting them to another one conveniently as they will not require searching and selecting a dependable bridge. Angela Potter, the product manager at MetaMask, stated that a lot of diverse bridges are present in the market, with each compatible with several tokens and networks.
In her words, the properties related to the bridges’ security, speed, as well as costs differ to a great extent, requiring the consumers to have a manual checking of a huge data amount each time in advance of selecting a bridge to proceed with. Potter added that those bridges have been curated by the MetaMask Bridges which are thought to be the most secure and decentralized.
The latest bridge facility is accessible in MetaMask’s beta version and the consumers can utilize it through the Portfolio Dapp, permitting the clients to see several MetaMask accounts as well as their assets together.
The Portfolio Dapp, which was introduced in its beta version in September of this year, additionally enables customers to bridge the networks by taking a few convenient moves defined on the behalf of MetaMask.
MetaMask Eliminates Extra Charges during Its Beta
Potter asserted that no extra fees are charged by MetaMask during its beta phase and the limitation for bridging every transaction is $10,000. She added that a timeline has not been yet established by ConsenSys for the release that would be for the common masses. The executive mentioned that MetaMask Bridges does not consider the integration of Bitcoin as a priority anytime soon.
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