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Review on MetaMask by Aniruddh Ravel
Ethereum's secure wallet METAMASK
Metamask is one of the most commonly used Ether wallets. And Ether is what you should be concerned about because most crypto games run on Ether (ETH).
It is a browser extension and works with Chrome, Firefox and Opera or the Brave browser which is available to download from the MetaMask website.
Metamask allows you to run Ethereum dApps in your browser itself without having to run a full Ethereum node. If you aren’t familiar with dApps, they are web applications which run on the Blockchain network on the backend.
If this sounds like technical jargon to you, just know that Metamask requires no login and it keeps your private keys on Chrome itself with password protection.
The founders of MetaMask say that their mission is to make Ethereum easy to use for the largest number of users possible. MetaMask encrypts your private keys and stores them on your computer.
Pros
- Immune to phishing attacks since your private keys are stored in Metamask
- Allows you to run Ethereum dApps (web apps on the Ethereum blockchain) in your browser itself without having to run a full Ethereum node
- Easy to use, organized and feels intuitive
- Encrypts your password and seed phrase for added security
- Active development team which is trying to implement hardware wallet support and other offline signing strategies soon
- Easy to send Ether to other addresses
- Open source on GitHub, so bugs are found and resolved fast
- Good customer support
Cons
- Isn’t suitable to store large amounts of cryptocurrency
- Security is good given that there are no reports of security breaches.
- But it is still a hot wallet (with some good encryption support) and isn’t as safe as hardware wallets. Hot wallet means it is in an online network which is prone to attack by hackers
- Good for beginners but you should know how to control Gas price and GWEI
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Comments (1)
October 02, 2019
You cons is "good for beginners but you should know how to control Gas price and GWEI". So, I agree that it's good for beginners but I don't understand what do you meant when you write about control gas price and GWEI. Can you give an example where you don't need to control this moment? I mean If you work with cryptocurrencies, GAS price isn't a real big problem.
