MetaMask introduces innovative Smart Transactions feature to combat MEV bots
Date: 2024-05-07 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
The MetaMask crypto wallet introduces the Smart Transactions feature, which is designed to protect users from MEV bots and other types of fraud. This move is aimed at ensuring security and preventing losses associated with automated attacks.
Virtual mempool: innovative protection
The main concept of the new function is to create a virtual mempool in which transactions are pre-verified. This helps prevent the transfer of sensitive information to third parties and promptly detects automated attacks, such as sandwich attacks used by MEV bots.
MEV bots and threat to users
MEV bots are a serious threat to crypto wallet users. They can use mempools with pending transactions to carry out attacks. This can lead to price slippage and loss of funds for trapped users.
Benefits and capabilities of Smart Transactions
The virtual mempool from MetaMask not only protects against MEV attacks, but also allows you to simulate transactions. This gives users the opportunity to choose more favorable fees and avoid losses associated with failed transactions or predatory attacks.
The creation of the Smart Transactions feature is a response to the growing activity of MEV bots and other threats in the cryptosphere. MetaMask is committed to providing safety and security to its users by providing them with the tools to make informed decisions when conducting transactions.
Future plans
MetaMask developers plan to involve third-party builders and search engines to process transactions from the virtual mempool. At the same time, they intend to strictly regulate and monitor their activities to ensure the security and reliability of the Smart Transactions feature.
The introduction of MetaMask's Smart Transactions feature opens up new opportunities for the safe and effective use of cryptocurrencies. This tool will be an important step in protecting users from threats and fraud, creating conditions for the stable and secure use of crypto assets.
