What is Metamask?
Metamask is a software cryptocurrency wallet that is designed by ethereum that is based upon tokens and cryptocurrencies and they interact with the ethereum blockchain. The wallet allows the users to send and receive cryptocurrencies and tokens. By using a meta mask the users can buy their ethereum directly and somebody sends their funds by sharing their QR code and using a public address.
Here the browser wallet is compatible with hardware wallets many users prefer cold storage and this option allows them to increase their privacy and also their security. Most of the users connect with decentralization applications such as finance apps and gaming.
Metamask Used For:
Metamask connects with a decentralization application and this is a browser-based wallet. Through their decentralized application where users can buy their breed crypto kitties, virtual land, and also play games. Blockchain records everything so there is no central authority control. The decentralization is transparent and the transaction is trustworthy. Metamask is used to purchase, store, send or receive their ethereum based cryptocurrencies.
By using this wallet you can send their ether or ERC20 to any other ethereum address and they receive their funds from any other address. Here these wallets are ethereum based crypto and tokens. To send or receive funds all of them need a QR code or public address.
This wallet has become user-friendly. This is completely free for sending and receiving funds from anywhere. Here the users get their funds directly from their metamask. By using debit cards users can convert their fiat into an ethereum based cryptocurrency or a token.
What coin does metamask support?
It supports ethereum and ethereum based tokens. ERC 20 token use in the search bar which is under “Add tokens”. Here you can add the token manually. “Add tokens” go to the “custom token” and then enter your token address.
This Metamask is Private?
The private keys are controlled by “you”. At last, your keys and passwords are generated on your device and then you only have access. To avoid hackers metamask introduced “privacy mode”. Privacy mode is to acquire a dapp and they ask permission to access their data.
How Do We Connect Metamask to My Wallet?
Connect your wallet to the ledger; these are prerequisites and update your ledger, ethereum app, and browser. On your device close the ledger live application and enable the contract data. Here the device is connected through your USB, not to Bluetooth. Then unlock your device and open up the ethereum app.
All that has done is connect your hardware wallet and then select it to connect the hardware wallet. Choose your ledger and connect it. Finally, you connect your wallet to the ledger.