Metamask

<p>MetaMask, a popular crypto wallet, has added a new feature called <a href="https://tradedog.io/metamask-introduces-smart-transactions/" rel="noopener noreferrer nofollow">Smart Transactions</a> to make it easier for users to use the blockchain. This new feature helps fix two big problems for Ethereum users: when transactions fail and when there are MEV attacks.</p><h2 id="header-0">Why Smart Transactions? </h2><p>Imagine you&#39;re trying to trade tokens on Ethereum. You start the trade, pay the fee, and then... nothing happens. The trade fails, and you lose the fee you paid. This happens to about 15% of trades. But that&#39;s not all. MEV attacks can also drain your wallet quietly. MEV means miners or validators make extra money by changing or adding certain trades in a block. This can cause:</p><p>Frontrunning: Bots can see your trade and do their own before yours, making you pay more. Sandwich attacks: Bots can put their trades between yours, changing the price you get.</p><p>These MEV attacks cost Ethereum users over $441 million a year. Gal Eldar, from MetaMask, says, &#34;Doing trades on a big network is hard. It often means a bad experience and losing money because of attacks. We knew we could do better.&#34;</p><p>MetaMask says their new feature works 99.5% of the time, better than most. They do this by using new technology called &#34;virtual mempool&#34; made by Consensys.</p><h2 id="header-1">Here&#39;s what it does:</h2><p><strong>Protection from MEV:</strong> Smart Transactions keep your trades private until they&#39;re done, so bots can&#39;t see them and you&#39;re safe from attacks.</p><p><strong>Pre-trade Checks:</strong> Every Smart Transaction gets checked before it happens. This helps predict fees and problems, so you don&#39;t waste money.</p><p><strong>Real-time Updates:</strong> You can see the status of your trades in MetaMask. You don&#39;t need to check other websites.</p><h2 id="header-2">What&#39;s Next </h2><p>Smart Transactions are just the start. MetaMask plans to make more improvements soon. They want to make sure trades work better, cost less, and give users more control. But don&#39;t worry, you can still use MetaMask like you always have. This change just makes it better for everyone.</p>

MetaMask introduces Smart Transactions

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