MetaMask adds support for the Bitcoin network, further advancing its multi-chain development process.

On December 16th, according to The Block, the well-known crypto wallet MetaMask is accelerating its multi-chain ecosystem development, officially announcing native integration with the Bitcoin network.

This update marks a key step for MetaMask from an Ethereum-centric wallet to a comprehensive platform supporting multi-chain asset management. Starting today, MetaMask users can directly purchase Bitcoin with fiat currency and conduct on-chain transfers within the wallet.

Furthermore, the platform supports users exchanging Bitcoin with native EVM assets such as Ethereum and SOL, further lowering the barrier to cross-chain transactions. Technically, the latest version of MetaMask is already compatible with Bitcoin's native Segregated Witness (SegWit) addresses to improve transaction efficiency and reduce fees. The official announcement also revealed that support for the more advanced and privacy-enhancing Taproot addresses will be added in a "soon" future update, continuously optimizing the Bitcoin user experience.

It's worth noting that ConsenSys CEO Joseph Lubin stated in an October interview that the company was actively working on the issuance of the MASK token. While the specific date is still undetermined, this move has been seen by the market as a significant signal of the MetaMask ecosystem moving towards decentralized governance and value incentives.

Simultaneously, to encourage users to utilize the newly launched Bitcoin functionality, MetaMask clarified in its announcement that users will earn MetaMask reward points for actions such as Bitcoin exchanges through their wallets.

This may be laying the groundwork for the token's economic model and user incentive system in the future. In summary, MetaMask's native support for Bitcoin not only enriches its multi-chain asset portfolio but also provides users with a more unified entry point and a smoother cross-chain experience, demonstrating its strategic determination to continuously expand its ecosystem influence in the highly competitive wallet market. (Source: BLOCKBEATS)