Articles on: Blockchain & Security Tokens

What is MetaMask?

MetaMask is a software wallet used to interact with the Ethereum network (blockchain), and Ethereum Virtual Machine (EVM) compliant networks such as Polygon or Avalanche. MetaMask allows users to access their wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications (dApps) and the decentralised finance (DeFi) world.

MetaMask is developed by ConsenSys, a software company focusing on Ethereum-based tools and infrastructure, and is one of the most widely used blockchain products in the world.

MetaMask allows users to store and manage keys, broadcast transactions, send and receive Ethereum or EVM-compliant cryptocurrencies and tokens, such as ETH or EGX, and securely connect to dApps such as Liquefy.

Tokens such as EGX are never actually "sent" to a wallet, as the terms "wallet" and "sending" are just metaphors. The tokens are entries on the blockchain (which is just a decentralised, add-only database). The "wallet" is an interface that allows a token-holder to generate keys used in managing their holdings (the wallet address is their public key, whilst their private key is never seen and used to "sign" instructions such as "send 5 tokens to another wallet").

You may need to add EGX to your wallet in order to see your holdings in MetaMask.

Updated on: 18/08/2023

Was this article helpful?

Share your feedback


Thank you!