MetaMask being one of many software cryptocurrency wallet is basically used in interacting with the Etherum blockchain.
It enables users access their Etherum Wallet through a browser extension or mobile app. This can then be used to establish interactions with decentralized applications.
Certain features make it a standout wallet.
In many ways, MetaMask’s approach to security is through user anonymity rather than traditional security measures, because the software is non-custodial, MetaMask doesn’t keep any user data. Instead, wallets are protected by a user-generated password upon setup, biometric data on mobile devices, and restored using the unique 12-word seed phrase. Technical support cannot help users recover their passwords, which makes the seed phrase even more important.
To start using MetaMask, the button below would make a direct guide on that.
PancakeSwap is a type of DEX known as an automated market maker (AMM). This essentially means that there are no order books, bid/ask system or limit/market orders.
Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, which then rebalance after the trade is complete. Trades conducted on an AMM, like PancakeSwap, subtract liquidity from one side of the pool and add liquidity to the other, thereby changing the weights of the assets in that pool and their relative values.
As a decentralized application (DApp), PancakeSwap is generally accessed through a supported Web3 wallet, such as MetaMask, TrustWallet, or WalletConnect. Once configured to support Binance Smart Chain, these wallets are used to interact with the PancakeSwap smart contracts via the intuitive PancakeSwap front-end.
Built on Binance Smart Chain, it leverages on a number of its unique properties to provide an excellent trading experience to end-users. For one, it benefits from extremely low transaction fees and rapid confirmation times — ensuring trades are executed quickly.
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