tl;dr
MetaMask, the most popular crypto wallet on Ethereum, is testing a new "transaction routing" technology that could transform the way value flows through the blockchain network. The new technology aims to improve user experience and provide optimal execution. Built by Special Mechanisms Group and bac...
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MetaMask, the most popular crypto wallet on Ethereum, is testing a new "transaction routing" technology that could transform the way value flows through the blockchain network. The new technology aims to improve user experience and provide optimal execution. Built by Special Mechanisms Group and backed by Consensys, this new intent-centric protocol represents a shift in how users interact with blockchains. The technology will be optional and eventually available to third parties, but it also poses some risks and regulatory considerations.
MetaMask joins a growing field of intent-centric protocols like Anoma, Uniswap X, SUAVE, and CoW Swap that aim to make Ethereum less daunting to navigate. Users issue goal-oriented "intents" to the protocols rather than step-by-step transaction instructions. This latest development represents a radical re-think of how crypto wallets work and is likely to earn scrutiny as its design becomes clearer. However, Consensys says it has deliberately designed its new routing mechanism to sidestep certain key risks, making it a significant departure from existing solutions. The technology will be completely permissionless, offering a role to play for every participant in its order flow auctions.
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