What is metamask

Table of Contents

In brief

  • MetaMask is a cryptocurrency wallet that enables users to store Ether and other ERC-20 tokens.
  • The wallet can also be used to interact with decentralized applications, or dapps.

The decentralized internet, Web3, is built on a foundation of cryptocurrencies and decentralized applications (dapps). But in order to use them, you need a user interface. Ideally, an elegant, intuitive, easy to use interface.

MetaMask is one of the leading crypto wallets, and relies on browser integration and good design to serve as one of the main gateways to the world of Web3, decentralized finance (DeFi) and NFTs.

Here’s how it works, and how to get started with it.

What is MetaMask?

MetaMask is a browser plugin that serves as an Ethereum wallet, and is installed like any other browser plugin. Once it’s installed, it allows users to store Ether and other ERC-20 tokens, enabling them to transact with any Ethereum address.

By connecting to MetaMask to Ethereum-based dapps, users can spend their coins in games, stake tokens in gambling applications, and trade them on decentralized exchanges (DEXs). It also provides users with an entry point into the emerging world of decentralized finance, or DeFi, providing a way to access DeFi apps such as Compound and PoolTogether.

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