MetaMask officially announces native support for Bitcoin, accelerating the multichain wallet strategy.

GateNews
BTC-0,32%
MASK0,43%
LINEA1,28%

MetaMask officially announces the addition of native Bitcoin support in its wallet, marking an important step in its multi-chain strategy. Users can now directly purchase Bitcoin with fiat within MetaMask, perform on-chain transfers, and exchange BTC for EVM native assets or Solana Tokens without the need for third-party bridge tools, significantly enhancing the user experience and security.

On a technical level, MetaMask has supported Bitcoin's native SegWit addresses and has included Taproot support in its future development plans. This means that the Wallet will further enhance its transaction efficiency, fee optimization, and privacy capabilities. As the Bitcoin mainnet features continue to upgrade, MetaMask is gradually completing its infrastructural capabilities within the BTC ecosystem.

This update is not only a functional expansion but is also closely tied to the incentive mechanism. Users performing Bitcoin exchange operations within MetaMask can earn MetaMask reward points, which will be linked to a MASK-style incentive program in the future. It has been disclosed that this program may involve LINEA tokens worth over 30 million USD to encourage user participation in the multi-chain ecosystem.

MetaMask is part of Consensys, and this Bitcoin integration is seen as part of its overall strategy. On one hand, Consensys is continuously promoting the ecosystem development of the Ethereum Layer 2 network Linea; on the other hand, the market generally believes that this multi-chain layout resonates with Consensys's preparations for a potential IPO.

In the broader direction of Bitcoin Layer 2, the MetaMask team has explicitly focused on protocols such as Lightning Network, BOB, Ordinals, and BRC-20, attempting to bridge the value and payment channels between Bitcoin and EVM, non-EVM networks. This strategy is expected to promote the application of Bitcoin in scenarios such as DeFi, payments, and asset issuance.

As the demand for “multi-chain Wallet”, “Bitcoin native support”, and “one-stop asset management” continues to rise among crypto users, MetaMask's latest upgrade further solidifies its competitive position in the mainstream crypto Wallet market and provides a new entry point for the integration of Bitcoin and multi-chain ecosystems.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

VanEck 研究主管:BTC 衍生品保护性需求达第 99 百分位,释放逆向做多信号

VanEck研究主管Matthew Sigel指出,比特币衍生品市场的保护性需求达到历史高位,提示市场可适合建立多头仓位。同时,他提醒AI领域的高额开支若无回报,可能对市场产生压力。

GateNewsJust Now

Bitcoin Transaction Fees Fall to 2011 Lows As Analysts Warn of Slowing Network Activity

A new wave of debate hit crypto social media after Crypto Rover posted that Bitcoin fees had fallen to 2.5 BTC a day, the lowest level since 2011, and argued that on-chain demand was fading. The chart attached to the post shows two things at once: a sharp drop in total transaction fees and a much st

BlockChainReporter1h ago

Bitcoin’s ‘no direction’ action may lead to heavier breakout: Analyst

Bitcoin's prolonged consolidation below $70,000 may indicate a potential rally, despite mixed analyst sentiment. While some predict a breakout, others warn of deeper bearish trends. Current trading is stagnant, with Bitcoin at $66,890.

Cointelegraph1h ago

Bitcoin Enters Best Buy Zone Since 2022, Fourth Parabolic Bitcoin Move Expected

Bitcoin enters best buy zone since 2022.  This leads experts to expect the fourth parabolic Bitcoin move to play out soon. The price of BTC could hit $190,000 by 2030, presenting a perfect time to accumulate now The crypto community continues to watch the crypto market closely as the pri

CryptoNewsLand2h ago
Comment
0/400
No comments