The most popular Ethereum and ERC-20 token standard wallet, MetaMask has released a mobile app for its users. The announcement was made at DevCon. The MetaMask wallet enables the transfer of ETH and tokens launched on top of the Ethereum blockchain network.
MetaMask is a highly secured ERC20/ETH token wallet developed by the blockchain technology company ConsenSys. The company has been dubbed the largest blockchain software firm in the world with over 1,000 developers. The CEO of MetaMask/ConsenSys, Joseph Lubin unveiled the new mobile client.
The official unveiling of the new mobile client was done at the DevCon event held in the Czech Republic. The Ethereum-focused conference had several top-ranking cryptocurrency businesses in attendance. Example include EY, Microsoft, ShapeShift, Santander, Blockfolio, and Wanxiang.
Lubin also took to his Twitter page to announce the launch of the wallet along with the pictures of the App’s user-interface. He also made it known that a lot of thoughts has been put into developing the app.
“[email protected]_iomobile app was just announced at#Devcon4! Everyone’s favorite#Ethereumbrowser extension is coming to your phone. The team is focusing on not being ‘just a wallet’, but a portal to the world of all things.”
The Significance of the Mobile Client
MetaMask which is now 2 years plus has gradually become the number one Ethereum and ERC20 token wallet. This has been credited mostly due to its capability of handling various decentralized application (dApp) requests and its simple user interface that enables the transfer of ETH and tokens launched on top of the Ethereum blockchain network. Previously the Wallet was only available as a browser extension for popular browsers such as Firefox, Brave and Google Chrome.
According to a senior IT consultant, Joel Snyder. The new app is going to be as secure as the browser extensions. The stated that since mobile devices have a trusted execution environment (TEE).
He explained the importance of the TEE, in his statement that:
“This is why smartphones have an edge over laptops and desktops for cryptocurrency wallets: without the benefits of the hardware-based TEE, the keys are more vulnerable. There is a significant caveat: a naïve wallet developer might choose to simply store the keys on the normal internal storage of the phone, in which case there’s little additional protection from using the smartphone platform.”