What Is MetaMask? How to Install and How to Use it? | RobiniaSwap

in Steem Tech & Gadgets3 years ago (edited)

What is MetaMask?

MetaMask is a cryptocurrency software wallet used to communicate with the Ethereum blockchain and it allows users to access their Ethereum (ERC-20) wallet via a browser extension or mobile application, which can be used to communicate with legitimate applications.

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What is the features of MetaMask?

MetaMask allows users to store and manage account keys, stream transactions, send and receive cryptocurrencies and tokens based on Ethereum, and securely connect to distributed applications via a compatible web browser or built-in mobile browser application.

The app incorporates an integrated Ethereum token exchange service by combining several widely distributed exchanges (DEXs) to obtain the best exchange rate. This feature, labeled MetaMask Swaps, charges 0.875% of the service cost

Rise of MetaMask?

MetaMask was launched in 2016 by ConsenSys, a blockchain software company focused on Ethereum-based tools and infrastructure. Until 2019, MetaMask was only available as a desktop browser extension for Google Chrome and Firefox browsers.

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Given the popularity of MetaMask among cryptocurrency users, as well as its lack of an official mobile app for several years, malicious software conditions have made MetaMask a problem for Google in managing the Chrome Web Store and Google Play frameworks.

In one instance, Google Play unintentionally deleted the official beta MetaMask app before returning a decision a week later on January 1, 2020.

Starting in 2019, MetaMask began releasing versions of the closed beta test app, followed by their official release for iOS and Android in September 2020.

In October 2020, MetaMask Swaps, a built-in DEX integration utility launched a desktop extension. The product was only available on mobile devices by March 2021.

How to Install and Use MetaMask

Step-1

To install MetaMask on PC, search on Google "MetaMask" and you will find https://metamask.io/ on search result. Click on Download.

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Step-2

After clicking the download option, you will get the below screen. MetaMask supports 4 browsers Chrome, Firefox, Brave & Edge and you can download it with Chrome, IOS, and Android.

Step-3

Here we will see how to set up MetaMask on Chrome browser and we will click on the Install MetaMask for Chrome button.

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Step-4

Now, Chrome Web Store will open and we will click on Add To Chrome button. Google Chrome will download a small MetaMask file that will be installed on your computer and will get the message

"Welcome to MetaMask Connecting you to Ethereum and the Decentralized Web. We’re happy to see you." - MetaMask

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Step-5

Now, click Add Extension button to install software in your Chrome browser.

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Step-6

Now, click on Click to Start button to start MetaMask Wallet application.

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Step-7

Now, the browser will ask New to MetaMask? and if you are not new and you have already an ERC-20 wallet and have a Secret Recovery Phrase and if you want to import your existing wallet using a Secret Recovery Phrase, you can select Import wallet option.

And if you have no ERC-20 and/or want to create a new wallet then simply click on Create a Wallet button. So, here we will create a new wallet for your easy understanding.

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Step-8

After clicking on Create a Wallet button, we will see below instruction screen so we have to click on I Agree button after reading all the information.

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Step-9

Now, MetaMask will ask you to enter your Wallet Password. You have to enter a good and healthy password two times to confirm the same and click on the Create button.

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Step-10

After clicking on the Create button, you will see a screen with the "Secure your wallet" screen, and there we will see a video tutorial and instructions for the security purpose.

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Step-11

After clicking on the Next button, it will ask to reveal "Secret Backup Phrase" for your wallet backup in case you forget your private key. Please note down Secret Backup Phrase safely in your private diary and then again click on the Next button.

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Step-12

You will be asked for "Confirm your Secret Backup Phrase" and you have to select the entire Phrase as per the same sequence as you noted down your Secret Backup. Then select the done button.

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Step-13

Cheers, you have successfully created your ERC-20 wallet with MetaMask and it will be like the screen below. You will be able to Buy, Sell or Swap your ERC-20 assets from your wallet on MetaMask. Account1 is showing your ERC-20 wallet address. You can share it with any exchanges to send and receive your crypto assets from and to anywhere that supports this asset.

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RobiniaSwap Introduction

Robinia exchange is Yield Farm DeFi and AMM decentralized exchange trading with Binance Smart Chain. Consumers are encouraged to incorporate debt into RobiniaSwap through crop farming to earn a natural income, RBS.

In addition, Robinia can use the RBS it receives to participate and earn more tokens and unlock special features. When it comes to investing in a DeFi project, the most important thing is not to be drawn to rugby.

Robinia exchange is used by Blokfield.INC, a witness to the STEEM blockchain (@roadofrich) and the HDID Validator (RIZON Platform) Blockchain.

Robinia has long been using blockchain communities and services and is committed to using DeFi secure services. We can identify it with many blockchains like STEEM, HDAC (ATOLO), and WICC.

RobiniaSwap's mission is to continually expand the Robinia project's user base and bring value to an existing user base.

The best marketing in the crypto space is collaboration and collaboration. RobiniaSwap's goal is to create new applications to serve a wider audience within the crypto.

One of RobiniaSwap's most recent projects, Steem Field, is preparing to introduce STEEM owners to the DeFi world.

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RobiniaSwapUseful Links
Website:https://robiniaswap.com/
RobiniaSwap Official Documentation:https://robiniaswap.gitbook.io/robiniaswap/
Discord Channel:https://discord.gg/wGv4UjER2f

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@robiniaswap @nia @robinia @robinia.witness

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Dear @printskill

Thanks for sharing this post about RobiniaSwap project. I myself decided to stake some funds (and provide liquidity to the project) and start minting RBS tokens, hoping that this token will maintain it's value.

For me, so far the most challenging part is understanding RBS token economy. Where demand would be coming from? I know that part of fees are being used to buy-back and burn those tokens, but that's probably just a "tip of an iceberg".

ps. I've noticed that you're using MetaMask? Did you ever try Trustwallet? (just curious).

Solid post. Upvote on the way :)
Cheers, Piotr

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