MetaMask is innovating

MetaMask is innovating: a new service for easy deployment of nodes on the Ethereum network

MetaMask, a well-known developer of a cryptocurrency wallet, has introduced a new innovative service that simplifies the process of creating validator nodes on the Ethereum network. This service is designed to provide staking on Ethereum, allowing users to trust the work of the validator to the service, while avoiding the need to purchase special equipment or join staking pools.

The main feature of the service is to maintain customer control over their accounts and finances. Work with the service is carried out through the MetaMask Portfolio, and to start using it, a minimum deposit of 32 ETH is required, which approximately corresponds to 76,000 US dollars, or another amount multiple of this value.

The project was helped in development by Consensys Stake, which expects that users will be able to receive an annual income of 4% after deducting the MetaMask commission of 10%. Such assumptions make the service an attractive choice for staking in terms of potential earnings.

However, the new service has already faced criticism from some members of the crypto community. For example, Lefteris Karapetsas, the creator of the Rotkiapp application, expressed dissatisfaction with the relatively high commission charged by MetaMask, considering the terms of service less attractive to users.

In addition to working on a new staking service, MetaMask has also developed a privacy module that allows you to simulate transactions, improving the level of user privacy.

This move by MetaMask highlights their commitment to expand their services beyond just storing cryptocurrencies, offering their customers a broader set of financial instruments within the Ethereum ecosystem.