The popular Ethereum wallet MetaMask is in the altcoin news today for opening a public beta for its Android and iOS mobile app users. The new mainstream ETH wallet is coming as an addition to the existing wallet. As the wallet maker said, the app will be used to “gather feedback from the community before the V1 launch this fall.”
The MetaMask web extension is already very popular and a hot topic on many best cryptocurrency news sites. It is actually one of the most popular crypto wallets in the Ethereum ecosystem. However, the new mainstream ETH wallet is said to give a great addition – as announced at the Devcon 4 conference last fall.
MetaMask’s mobile app is now available for public beta! With MetaMask mobile, users can now manage their digital assets, use dapps, and send ETH or tokens to anyone, anywhere. Read our feature guide and walk-through here!https://t.co/Cuup7LiumN
— MetaMask (@metamask_io) July 23, 2019
The new Android and iOS apps will serve as mobile browsers, which will allow users to interact with the Ethereum dApps, right from within the MetaMask app. The mainstream ETH wallet comes with a series of announcements in the coming altcoin news. One of them came with a full explanation, noting:
“Rather than just another wallet, MetaMask Mobile is a bridge to the decentralized web, with a dapp-centric browsing experience, intuitive on-boarding, and features that sync with your desktop MetaMask accounts.”
On the last point, users who will download one of the mobile apps will also be able to sync their web wallet accounts with a QR code provided within the browser extension or a private key. When it comes to the actual new features, the new mainstream ETH wallet will come as an app which supports Ethereum Name Service domains, cryptocurrency collectibles built on the ERC-721 token standard (e.g. CryptoKitties), biometric security, and integration with Connext Network’s InstaPay, which is known for letting users make free payments through layer-two payment channels.
All in all, the mainstream ETH wallet by MetaMask is a rising wallet on a rising network, as the latest cryptocurrency news label it. The Ethereum network has turned 5 years on July 22nd and has recently facilitated its 500 millionth transaction – while the MetaMask web extension alone processed more than 0.2% of those transactions during one month this spring.
“MetaMask recorded 1.1 million transactions in the month of April, which projects out to a whopping 1.51 million transactions last month across the entire user base,” the company announced in a MetaMask metrics report shared in May.
Ethereum Blockchain Is Almost Full: Vitalik Buterin On Scalability
“Scalability is a big bottleneck because the Ethereum blockchain is almost full. If you’re a bigger organization, the calculus is that if we join, it will not only be more full but we will be competing with everyone for transaction space. It’s already expensive and it will be even five times more expensive because of us. There is pressure keeping people from joining [...]”By improving the issue of scalability it would only bring down the costs by a factor of more than 100 as Buterin claimed. While the security is to some extent sacrificed by moves like these ones, the compromise would be fairly modest in his words. Beyond scalability improvements and other advances in a technical sense, Buterin noted that the challenge still remains of transforming blockchain technology into something that people will use on a day to day basis. When he was talking whether the ethereum blockchain is almost full he also argued that the future of cryptocurrencies and crypto, in general, is pluralist and revealed that he is very open to the idea of hybrid solutions that involve both Ethereum and bitcoin as the two most used and most popular cryptocurrencies. Buterin clarified his stance in response to a proposal to implement the Bitcoin Lightning network as an interface for his Ethereum contracts and to also enable instant payments in Bitcoin while in the same time still triggering a series of events on his own cryptocurrency or any other chain. Back in July as it was reported in some of the best cryptocurrency news sites, Buterin proposed using the Bitcoin Cash blockchain as a temporary scalability solution for the ethereum network but this still hasn’t implemented.
Ethereum Could Climb Above $200 According To Analysts
- 4 hours RSI – The RSI for ETH/USD is currently near the 40 level, with a few positive signs.
- Major Support Level – $174
- Major Resistance Level – $200
Six Changes Approved For The Next Ethereum Hard Fork
“We split Istanbul into two. One of them we can actually ship within weeks. [The other contains] two really big EIPs that would be nice to have but require some stuff that cannot be done within the two- or three-week timespan.”As many altcoin news sites shared, Istanbul Part 1 will be the eighth hard fork to be activated on the $22 billion blockchain network. As such, it is expected to boost the chain interoperability with the privacy coin Zcash and with that help secure the broader network against any replay attacks, among other efficiency improvements. Developers behind major Ethereum clients such as Geth and Parity have one week to integrate the six changes, integrating the newly affirmed list of EIPs into their software as well as preparing to implement the full code on a live Ethereum network. The Ethereum Foundation community manager Hudson Jameson spoke about the importance of the testnet release and the six changes in the code. He was featured on many best cryptocurrency news sites for stating:
“The security and stability of the network are primary concerns when it comes to doing hard fork on mainnet so the testnet release is a vital step in making sure that mainnet release go smoothly.”The release summed up that the core developers are excited to get the Ropsten testnet hard fork - and that everything will be working correctly.
Ethereum Dumped 10% Overnight: Possible Reasons Why
“JUST IN: as per sir @loomdart‘s request, this thread is abt the on-going sells off made by PLUS Token, the biggest Chinese PONZI which scammed ~70K $BTC + ~ 800K $ETH. I mentioned it briefly in my last Coindesk oped but worth additional attention as it may cause further sells,” she noted.https://twitter.com/DoveyWan/status/1161686134314848256 It still remains unclear why Ethereum dumped 10% overnight - and if this massive mount contributed to yesterday's drop. However, a panic sell-off could be triggered very soon, perpetuated by any movement in the scammer's wallets.
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