3 months ago
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Consensys unveiled the MetaMask Delegation Toolkit at the Ethereum Community Conference (EthCC). This suite of developer tools and smart contracts aims to enhance user accessibility and security across blockchain platforms.
Consensys is the developer of the self-custodial wallet, MetaMask.
Consensys Introduces New Innovation Amidst Legal Challenges
According to a press release seen by BeInCrypto, the toolkit simplifies Web3 interactions by automating complex user actions within dApps. Consequently, it allows for a more intuitive engagement with applications, minimizing the need for repetitive confirmations and reducing the number of necessary clicks.
It aims to streamline user experiences in gaming, social networking, and more, potentially decreasing gas costs and reducing user friction.
“The MetaMask Delegation Toolkit will allow seamless onboarding of users into a new generation of dynamic and nimble experiences, which benefit from the kinds of rich collaboration that can only come from a new paradigm of authorization and composability,” Dan Finlay, the co-founder of MetaMask told BeInCrypto.
Read more: A Complete Guide to Using MetaMask
The toolkit is available on every Ethereum Virtual Machine (EVM) compatible chain supported by a User Operation Bundler. This includes prominent networks like Arbitrum (ARB), Avalanche (AVAX), Base, Linea, Optimism (OP), and Polygon (MATIC).
This development is particularly significant, given that global surveys have shown that the crypto ecosystem’s complexity is a major barrier to entry for many potential users.
Developers using the Delegation Toolkit can bypass the typical wallet setup process, eliminating the need to download browser extensions or mobile apps and remember seed phrases. This method facilitates instant user onboarding and enables gasless transactions, allowing developers to manage gas costs effectively.
Moreover, the toolkit supports the development of complex social coordination systems and unique financial models, such as branching streams of subscription payments and incentive trees. Additionally, it simplifies the smart contract development process, empowering developers to set permissions and capabilities through its flexible framework rather than relying on rigid, costly intermediary contracts.
“I think we will have more crypto-powered experdappes that can either postpone or entirely hide their crypto nature, while potentially having even lower onboarding friction inmany situations and maintaining higher security than web2,” a Consensys spokesperson told BeInCrypto.
Despite these advancements, MetaMask faces significant regulatory challenges. Last month, the US Securities and Exchange Commission (SEC) filed a lawsuit against Consensys, claiming it operates as an unregistered securities broker.
Consensys has responded to these allegations, asserting that the SEC’s actions misinterpret legal standards and constitute regulatory overreach.
Read more: MetaMask vs. Coinbase Wallet: A Comparison and Analysis
“We are confident in our position that the SEC has not been granted authority to regulate software interfaces like MetaMask. We will continue to vigorously pursue our case in Texas for ruling on these issues because it matters not only to our company but the future success of Web3,” Consensys said.
The post MetaMask Introduces Delegation Toolkit to Make Web3 More Accessible appeared first on BeInCrypto.
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