The team behind Meta Mask has announced the launch of “.Embedded wallet” (Unified Wallet) is a solution designed to reduce entry barriers to cryptocurrency networks, improve user experience (UX) and promote the adoption of decentralized applications (DAPP).
The development, announced on June 27th, seeks to address one of the main challenges for users who are not familiar with cryptocurrency. The complexity of configuring and managing a digital wallet.
Lass Embedded wallet These are Web 3 wallets that are directly integrated into DAPPS, eliminating the need for users to eliminate individual extensions or applications.
Users can Create and recover wallet By social logsConnect your email or mobile OTP code, such as Google or X, or “over 400 external wallets” with a multifactor authentication option. This new metam format simplifies wallet management by eliminating the need to manually support private keys.
This allows applications to provide a more fluid user experience on Web3 without the arrival of Windows, maintain their own system and adapt to the design of each platform.
“This allows Dapps to connect with users when they are there and provide the same guarantee at their own risk. The wallet integrated into the Dapp interface gives you complete control over the appearance, experience and flow without any windows or redirects.
Metam Statement.
According to Metamusk, “35% of users don’t support these phrases.”which represents the risk of loss of funds. Integrated wallets simplify this process by providing a more intuitive authentication flow.
For example, a person can buy NFTs or use the Defi platform with a few clicks, without having to manage complex technical configurations or rely on cryptocurrencies before.
Additionally, embedded wallets can be used in functions that connect to over 40 compatible networks with or without Ethereum Virtual Machine. Smart walletas shown in the following image:
MetaMask Wallet Wallet features a multi-partite computer-based security system (MPC) with a Threshold Signature Scheme Technology (TSS) and Shamir Secret Exchange (SSS).
That approach points Separate private keys into encrypted fragments to protect themdistributed between different devices or services, prevents a single entity from controlling or storing in a single location, greatly reducing the risk of attacks and robberies.
The system allows the encrypted fragment to work in a coordinated manner to maintain security, allowing transactions to be signed without the need to rebuild the full private key.
Although the loss of fragments is designed to prevent damage to your wallet, the effectiveness of this protection depends on the correct implementation and management of the system, providing an additional layer of security for the user when interacting with distributed applications.
Developer Tools
For developers, Metamask offers an improved software development kit. It is integrated with Web3Auth Technology, a platform acquired by Consensys, the company behind Metamask.
These kits allow you to customize your wallet experience to match each dapp’s visual identity. Therefore, developers can natively incorporate wallets into the platform. For example, add a family authentication methodas a session with your Google account, Discord or X.
Furthermore, according to Metam’s announcement, Embedded wallet They support advanced features such as transactions for recurrence payments without the cost of network rates, opening the door to new usage cases such as web subscriptions and “friction-free” micropagos.
However, adoption of embedded wallets is highly dependent on the ability to ensure robust security standards. Social authentication enabled by Web3Auth allows users to connect their wallets to accounts such as Gmail and Discord, but this creates a major challenge.
Metamask can implement measurements such as multifactor authentication to protect users, but the security of external accounts depends in part on the platform itself, which can become out of control.