Term of the Moment
Galileo
Definition: MetaMask
A very popular crypto wallet for Ethereum from Consensys Software. MetaMask users can access Ethereum's native ether (ETH), crypto tokens and smart contracts on the Ethereum blockchain. Introduced in 2016, MetaMask is available as a mobile app or browser extension for Chrome and Firefox. With more than 30 million monthly users as of 2023, Ethereum fees for transaction execution tend to be high, and MetaMask finds the lowest fee from several decentralized exchanges (DeXs). See Ethereum, crypto exchange and crypto wallet.
Portfolio and Swaps
MetaMask Portfolio is a feature that shows all assets across all crypto networks. MetaMask Swaps looks for the best trade advantage among markets.
A Wallet Backup Phrase
Portfolio and Swaps
MetaMask Portfolio is a feature that shows all assets across all crypto networks. MetaMask Swaps looks for the best trade advantage among markets.
MetaMask uses an HD wallet technology that derives the private keys from a random group of words. In order to back up the wallet, users must save this word sequence in a safe place. Anyone knowing these words has access to the digital assets.