🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
MetaMask's major innovation! You can open a Wallet using your Google or Apple account.
The renowned crypto wallet MetaMask has once again brought significant updates to the Web3 world. On August 26, the company announced the launch of the community log in feature, allowing users to create and manage their crypto wallet directly using their Google or Apple account, eliminating the need to manually save cumbersome 12-word seed phrases. This change is seen as an important step in dropping the entry barrier to crypto assets.
No seed phrase! Complete Wallet creation in two steps
According to the official announcement, new users can complete Wallet creation in just two steps:
Log in using Google or Apple ID
Set a unique password
During this process, MetaMask will automatically generate and securely store the key recovery phrase (SRP) in the background, and users do not need to record or manage it themselves.
MetaMask stated: "Crypto Assets don't have to be too complicated. We launched the community log in feature to make Wallet management easier than ever."
Retain self-custody, security not compromised
Although the Web2 login method has been introduced, MetaMask emphasizes that this feature still retains the core principle of self-custody.
Security Architecture: No single entity (including MetaMask) can access the user's SRP independently.
Unlock method: You must have both social credentials and user password to unlock Wallet information on the local device.
Password Responsibility: Lost passwords cannot be recovered, which differs from traditional financial accounts, highlighting the characteristics of non-custodial Wallets.
The system combines the familiar experience of Web2 with the security guarantees of Web3, lowering the usage threshold while still ensuring that asset control is fully in the hands of the users.
to align with a broader encryption adoption strategy
The launch of this community log in feature closely follows another significant plan announced by MetaMask on August 21st - the issuance of the stablecoin MetaMask USD (mUSD).
Partners: Jointly developed with Bridge under Stripe and the decentralized platform M0.
Online Network: Ethereum and Layer2 Blockchain Linea
Asset backing: 1:1 dollar asset reserve
Application Scenarios: Integrated into multiple mainstream DeFi protocols
This means that MetaMask is gradually evolving from a simple Wallet tool into a complete Web3 financial gateway.
Conclusion
MetaMask's community login feature brings the convenience of traditional account logins into the world of Crypto Assets, allowing more novice users to avoid being intimidated by the complexity of seed phrases. At the same time, with the launch of the mUSD stablecoin, MetaMask is accelerating the creation of a more user-friendly, secure, and comprehensive Web3 ecosystem.