MetaMask, one of the indispensable tools for Ethereum 
$3,432 users, has become essential. However, users had to deal with high transaction fees and price ranges. Fortunately, a new feature developed under the leadership of ConsenSys, called Smart Transactions, significantly improves the MetaMask experience.
What Does the Innovation Bring?
This innovation keeps transactions confidential until they are confirmed on the chain, providing protection against bot manipulation attempts. Additionally, according to ConsenSys, pre-simulation of Smart Transactions using MetaMask’s real-time simulation service increases transaction success rates. The 99.5% transaction success rate achieved in beta tests demonstrates performance above industry standards.
Thanks to Smart Transactions, users can now monitor the real-time status of pending transactions directly within the wallet without going to third-party block explorers. This provides better visibility into when and how their signed transactions will occur.
Jason Linehan, Director of ConsenSys Special Mechanisms Group, emphasizes that Smart Transactions allow users to automatically have a better view of their transaction outcomes. This feature offers a more secure experience by reducing the likelihood of transaction failures.
What Is the Goal of the Update?
With this update, MetaMask aims to provide significant relief and a user-friendly experience to the Ethereum community. Specifically developed to overcome issues such as past transaction failures and the complexity of the Ethereum network, this feature is poised to gain users’ trust.
In recent months, MetaMask launched Validator Staking support, allowing users to stake 32 ETH through ConsenSys custody services. Additionally, the wallet’s operation with much lower commissions than centralized exchanges is noteworthy.
MetaMask Also Faces Challenges
However, MetaMask’s journey was not without challenges. Issues such as the increase in fake MetaMask applications were encountered. Nevertheless, these issues were quickly resolved, and MetaMask continued to be safely used on both the Google Play Store and Apple‘s App Store.
Innovations like Smart Transactions offered to MetaMask users can be seen as significant steps for the security, efficiency, and user-friendly experience of the Ethereum ecosystem. Such developments will help the Ethereum community grow and spread crypto assets to a wider audience.
