As Ethereum Stagnates, MetaMask Expands to Bitcoin and Beyond
MetaMask is expanding its offering beyond Ethereum, particularly looking to integrate Bitcoin functionality as it shifts towards a multi-chain approach. The digital wallet, established by Consensys in 2016, recognized an increasing trend among users to explore diverse crypto ecosystems, acknowledging its roots as an Ethereum wallet. Recent job postings highlight efforts to develop a comprehensive Bitcoin experience within MetaMask, which will include basic functionalities before potentially expanding to Bitcoin’s broader ecosystem. With the rise in popularity of Solana and DeFi applications on Bitcoin, Ethereum's stagnation presents challenges and a call for change within the Ethereum ecosystem, especially in response to growing competition. MetaMask plans to enhance its wallet capabilities with a cross-chain API, facilitating operations across multiple networks simultaneously. Despite the challenges faced by Ethereum, MetaMask has maintained a substantial user base and aims to adapt by broadening its ecosystem engagement.
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