Ethereum

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>MetaMask, a popular self-custodial hot wallet, plans to incorporate Bitcoin support.</li>
 <li>The wallet provider currently supports Ethereum, Ethereum Layer 2s and networks compatible with the Ethereum Virtual Machine.</li>
</ul>
<p>MetaMask, a widely used self-custodial hot wallet, is reportedly planning to include support for <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>.</p>
<p>The wallet provider is expected to introduce Bitcoin features within the coming month, although these plans may be subject to change.</p>
<h2 id="metamask-s-expansion">MetaMask’s Expansion</h2>
<p>While MetaMask has already broadened its scope beyond the <a href="https://crypto.ro/en/cryptocurrencies/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> ecosystem by incorporating Snaps, the addition of Bitcoin would integrate one of the most prevalent blockchains onto one of the leading digital wallet platforms.</p>
<p>MetaMask primarily supports Ethereum, Ethereum Layer 2s, and networks that are compatible with the Ethereum Virtual Machine (EVM), such as Avalanche, Polygon, Optimism, and Arbitrum.</p>
<p>In September 2023, MetaMask extended its reach beyond the Ethereum ecosystem by implementing Snaps, a type of JavaScript application.</p>
<h2 id="metamask-s-popularity-and-features">MetaMask’s Popularity and Features</h2>
<p>With 22 million downloads in August 2023, MetaMask was the most downloaded wallet. The wallet’s developers have recently introduced additional features to enhance user experience, including Blockaid-based security alerts for several blockchains, Ethereum validator staking, and a feature that allows users to verify their eligibility for airdrops and NFT claims.</p>
<p>Consensys, the main developer behind MetaMask, secured $450 million in Series D funding led by ParaFi capital in March 2022, resulting in a $7 billion valuation for Consensys.</p>
<p>In late April, the firm filed a lawsuit against the Securities and Exchange Commission over the regulator’s conflicting views on whether ether is a security and if the regulator has jurisdiction over the asset’s regulation.</p>
<p>As of 12:45 p.m. ET (16:45 UTC) on May 22, Bitcoin was trading at $70,240. Data indicates that the Bitcoin network processed 14.48 million transactions in April.</p>

MetaMask to Incorporate Bitcoin: An Upcoming Development Report

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