At the Ethereum Community Conference (EthCC), Consensys, the developer of the popular self-custodial wallet MetaMask, released an innovative tool for the MetaMask delegation toolkit. The launch of this new tool set and smart contracts marks an important step for Consensys in promoting the development of blockchain technology and enhancing the user interaction experience.
It is reported that the MetaMask delegation toolkit aims to improve the accessibility and security of cross-blockchain platforms. The MetaMask delegation toolkit not only provides developers with powerful development resources, but also brings users a smoother and more secure Web3 experience.
As this toolkit rolls out, we look forward to seeing how it will shape future blockchain applications and user engagement.
Consensys launches new innovation amid legal challenge
According to foreign media reports, the MetaMask delegation toolkit launched by Consensys has the ability to automate complex user operations in dApps, greatly simplifying the user's interaction experience with Web3.
This innovative toolkit allows users to enjoy a more intuitive experience when using applications. It effectively reduces the complexity of user operations by reducing repeated confirmation steps, and also reduces the number of clicks required by users during use. It aims to simplify the user experience in areas such as games and social networks, thereby reducing gas costs and reducing user friction.
Dan Finlay, co-founder of MetaMask, emphasized that this toolkit will enable users to seamlessly access a new generation of dynamic and flexible experiences that benefit from the rich collaboration enabled by new authorization and composability paradigms.
It is reported that the applicability of this toolkit is not limited to Ethereum, but extends to all EVM-compatible chains, including well-known networks such as Arbitrum, Avalanche, Base, Linea, Optimism and Polygon.
The toolkit was developed in direct response to the complexity of the crypto ecosystem revealed by global surveys as a major barrier to entry for many potential users. It allows developers to bypass the traditional wallet setup process, avoiding the need to download browser extensions or mobile apps and memorize seed phrases, enabling instant user use and gas-free transactions, effectively managing gas costs.
In addition, the toolkit also supports the creation of complex social coordination systems and unique financial models, such as branching flows and incentive trees for subscription payments. In addition, it simplifies the smart contract development process, allowing developers to set permissions and functions through its flexible framework, getting rid of the reliance on expensive intermediary contracts.
A Consensys spokesperson told reporters that more cryptocurrency-powered expert apps are expected to emerge in the future, which are able to delay the display or completely hide their cryptocurrency features, while providing higher security than traditional web2 applications while reducing the difficulty of user onboarding.
Despite the progress, MetaMask and Consensys still face significant regulatory challenges from the U.S. Securities and Exchange Commission (SEC). It is reported that the SEC filed a lawsuit against Consensys last month, accusing it of operating as an unregistered securities broker. However, MetaMask's parent company Consensys has responded to the allegations and believes that the SEC's action is a misunderstanding of legal standards and that it is an overregulatory act.
Conclusion:
With the launch of the MetaMask delegation toolkit, Consensys has not only taken solid steps in technological innovation, but also brought far-reaching impacts to the entire cryptocurrency field. The development and application of this toolkit indicates that we are moving towards a more user-friendly, secure and efficient Web3 era. It not only solves the complexity of the existing crypto ecosystem and lowers the entry threshold for new users, but also provides developers with a broader space for innovation and promotes the further development of decentralized applications.
Despite the challenges of regulation, the persistence and innovative spirit of the Consensys and MetaMask teams are commendable. At the same time, their adherence to legal standards and response to excessive regulation demonstrate the cryptocurrency community’s desire for a fair regulatory environment.
Looking ahead, we have reason to believe that with the continuous advancement of technology and the gradual clarification of the regulatory environment, the MetaMask delegation toolkit will play an important role in driving the entire industry forward and bring users a richer and more flexible blockchain experience. #Web3新时代 #MetaMask创新 #区块链易用性 #加密货币监管
