MetaMask, the popular self-custodial crypto wallet for the Ethereum (ETH) network, shared a flurry of announcements on Thursday, aimed at improving its wallet’s user experience.
Part of Metamask’s revamped roadmap includes adding smart contract capabilities to its current wallet. At the moment, MetaMask is an Externally Owned Account (EOA), a type of wallet that is controlled by a public and a private key. One of the main downfalls with EOAs is that it is subject to human error, meaning if you forget your private key, you lose your crypto holdings in that account forever. The other type of wallet that exists on Ethereum are Contract Accounts (CAs), which are controlled by code and have recovery mechanisms in place and security checks for verifying transactions.
In a blog post shared during ETHDenver, the largest North American Ethereum conference, the MetaMask team said “smart-contract-based accounts allow us to solve a number of…
