Metamask: a complete guide to the management of private keys
As a developer who works with intelligent contracts compatible with Ethereum, it is likely that the management of private keys is a fundamental aspect of the construction of safe and reliable applications. While Metamask offers an excellent way to interact with the Ethereum network, it is currently not supported on some compatible blockchain platforms. In this article, we will deepen the pros and cons of the use of Metamask directly vs. Integrate it as part of the L1 application (level 1) compatible with EVM.
** What is Metamask?
Metamask is a famous cryptocurrency portfolio developed by Ethereum Justin Sun co-founder in 2014. It allows users to archive, manage and interact with their private keys Ethereum safely. With Metamask, you can access your funds on multiple Blockchain platforms, including Ethereum Mainnet, Token ERC20 and DAPPS.
pro to use Metamask directly:
- Convenience : It is not necessary to set a separate portfolio or integration.
- Easy to use : Metamask provides an intuitive interface for private management keys.
- Large compatibility : Metamask supports Ethereum mainnet, token ERC20 and various DAPPs.
against the direct use of Metamask:
- Safety risks : If private keys are compromised or lost, access to funds is compromised.
- Limited control : You are linked to the Ethereum network, which can limit the ability to use certain features or additions.
- No support for L1 platforms: as it has been mentioned, Metamask is currently not supported on some blockchains platforms compatible with EVM.
Integration of Metamask as a portfolio extension:
If you still want to manage your private keys through Metamask but you need the additional functionality of an extension of the portfolio compatible with EVM, here’s how you can do it:
- Download and install the Metamask extension: you can download the Metamask extension for most supported browsers.
- Configure the extension : Set the extension with the Ethereum account credentials and choose the type of wallet (for example Metamask).
- Use the extension as a portfolio : manage the private keys, access the funds and interact with DAPPS directly from the browser.
PRO Integration of Metamask as a portfolio extension:
- Control on the functionality of the EVM platform: it is possible to use additional features on EVM platforms that are not available in Metamask, such as the execution of the intelligent contract or the picket.
- Large compatibility : The extension supports more platforms and blockchain portfolios.
- No risks for security
: Since you are managing private keys directly within an extension of the wallet, you have full control over accessing your funds.
against Metamask’s integration as a portfolio extension:
- more complex setup : integration of a portfolio extension requirement compatible with EVM more effort and configuration.
- Limited flexibility : it may be necessary to set further settings or extensions to use the desired features.
- Potential for exposure to data : If private keys are compromised, you are exposing sensitive information to unauthorized parts.
Conclusion
The management of private keys directly through Metamask is convenient but is equipped with safety risks and limited control over the functionality of the EVM platform. The integration of Metamask as a portfolio extension offers greater flexibility and control, but requires more technical effort and configuration.
Ultimately, the choice between the direct use of Metamask or the integration as an extension of the portfolio depends on your specific needs and preferences. If you are building an L1 application with blockchain platforms compatible with EVM, take into consideration the use of the extension to obtain additional features by minimizing the risks for safety.