Summary: Elrond (EGLD) cannot currently be added to MetaMask due to its incompatibility with the Ethereum Virtual Machine (EVM), though plans are in place to add this feature. The recommended wallet for Elrond is its native Elrond Wallet, which supports interaction with protocols such as the Maiar Exchange. Elrond is known for its high security and impressive scalability through the use of adaptive state sharding, and while not yet EVM-compatible, it offers an efficient and performant environment for developers.
Can I add Elrond to MetaMask?
Unfortunately, no. MetaMask only supports blockchains that use the Ethereum Virtual Machine (EVM) native programming language called solidity. Elrond is not currently an EVM blockchain and is therefore not compatible with MetaMask's software. That said, Elrond do have plans to add EVM compatibility shortly to help composability with other DeFi applications and networks.
What is the Best Elrond Wallet?
The premier wallet for handling Elrond blockchain transactions is none other than the native Elrond Wallet, meticulously crafted and implemented by the network's dedicated team. This wallet facilitates interaction with notable protocols, including the highly-regarded Maiar Exchange, enabling users to effectively farm and supply liquidity. Users can also leverage this wallet to accrue interest and yield, which are conveniently disbursed in EGLD tokens.
You can get started in 3 simple steps:
- Visit the Elrond Wallet website and select 'Create Wallet'.
- Follow the steps to install the wallet to your Chrome web or mobile browser.
- Save your seed phrase and you're ready to use the Elrond blockchain.
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Is Elrond Safe?
Indeed, Elrond boasts a high level of security, garnering backing from prominent digital asset investment firms such as Binance Labs, Electric Capital, Maven 11 Capital, among others. The network hosts an impressive amount exceeding $200 million, securely locked within its DeFi protocols. A significant portion of this value resides within the popular Maiar Exchange (MEX). This reflects not only the trust users place in Elrond, but also its established reputation within the cryptocurrency space.
What is Elrond?
Elrond represents a high-performing blockchain platform renowned for its remarkable scalability, achieved through the implementation of adaptive state sharding. This technology enables a 1000-fold improvement in throughput, far surpassing prominent networks like Ethereum and Avalanche. Known for its developer-friendly environment, Elrond offers an intuitive software development kit, empowering developers to design, test, and deploy applications with unprecedented speed and ease. This makes it a prime choice for developers looking for efficiency and performance in the blockchain space.
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Final Thoughts
In conclusion, Elrond (EGLD) cannot be added to a MetaMask wallet due to its lack of Ethereum Virtual Machine (EVM) compatibility. To interact with the Elrond network and applications like Maiar Exchange (MEX), users should download and install the Elrond Wallet. The Elrond network is a safe, highly scalable blockchain that utilizes adaptive state sharding for improved throughput. Although it is not currently EVM compatible, plans are in place to add this feature in the future.
I fell into crypto during the 2017 mania and have been around ever-since. I now write, research and publish my own reports on the digital asset ecosystem.
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