Metaverse Information Bureau News: OKX and Consensys partner to integrate MetaMask DEX API and provide MEV protection! Experience safe trading! #OKX #MetaMask #DeFi
Video explanation
MetaMask becomes even more convenient! OKX and ConsenSys collaborate to support safe transactions!
Hello, this is John! I'm here to give you the latest information on the metaverse in an easy-to-understand way, even for beginners. Today, I'm going to bring you some exciting news that may make digital money (also known as virtual currency or crypto assets) transactions more convenient and safe! A company called "OKX" and a company called "ConsenSys" have joined forces.
What kind of cooperation? A major partnership between OKX and ConsenSys!
The two large companies that have joined forces this time are OKX and ConsenSys.
- OKX: A company that provides one of the world's leading digital currency trading services, used by many people. It operates a digital currency exchange and provides digital wallets.
- ConsenSys: A leading company in blockchain technology (technology for securely recording and managing digital information), particularly famous for developing the digital wallet called "MetaMask."
Let's take a look at how the collaboration between these two companies will change our experience with digital currency!
Good news for MetaMask users! Trading becomes even smoother!
The first major point is,MetaMaskThis is good news for people who use .
MetaMask is like a "digital wallet" that you use on the Internet, and it makes it very convenient for playing in the metaverse (virtual space), using new web services (also known as Web3 services), and exchanging digital currency.
Through this partnership, OKX hasDEX API" This mechanism will be integrated into MetaMask.
- DEX (Decentralized Exchange)：This is a digital currency exchange where many participants support each other, rather than one specific company managing everything. It's like a "marketplace created by everyone, without a central administrator." This makes transactions more transparent and easier for anyone to participate in.
- API (Application Programming Interface): It's like a "bridge" or "convention" that allows different computer programs to smoothly exchange information with each other. It allows MetaMask to use the functions of OKX's DEX, for example.
This means that MetaMask users will be able to take advantage of the various trading options offered by OKX's DEX and potentially even better terms (e.g., more types of digital currencies, better exchange rates, etc.) to exchange digital currencies. Having more options to choose from is a good thing!
Peace of mind for OKX Wallet users! Transaction security has been improved!
And another point is,OKX WalletThis is news about improved safety for people who use ".
As the name suggests, OKX Wallet is a digital wallet provided by OKX.
This is a robot called "SERVO" developed by ConsenSys.MEV protection" technology will be introduced.
So, what is "MEV"? It's a bit of a difficult term, but I'll explain it briefly.
- MEV (Maximal Extractable Value): This is the profit that people who approve and record transactions (called miners or validators) on the blockchain (a chain-like technology that manages the records of digital transactions together) can potentially make by rearranging the order of transactions to their advantage or by inserting their own transactions in between. This can cause ordinary users to trade at unintended prices or to lose a little without realizing it. For example, the moment you find a good deal online and try to buy it, someone who sees the information uses a program to buy it up a moment before you and sell it to you at a slightly higher price. This can happen in the world of digital currency.
The technology that protects users from this "MEV" is "MEV Protection". By introducing "SERVO" to OKX Wallet, your transactions will be protected from such unfair practices, allowing you to trade with greater peace of mind. It is reassuring to have such protection features, especially when moving large amounts of money.
What does this mean for beginners?
What does this news mean for those new to the metaverse and digital currencies?
To summarize briefly, it's like this.
- if youMetaMaskIf you use or are thinking about using:
When exchanging digital currencies, OKX's wide network may allow you to choose from a wider variety of currencies and trade under more favorable conditions.More options, more convenienceThere is a possibility. - if youOKX WalletIf you use or are considering using:
Your transactions will be protected from a potential risk called MEV. This means:Making transactions safer and fairerThis gives us more peace of mind.
Overall, the world of digital currencies and related services is becoming more accessible to more people.It has evolved to be easier to use and saferThis is proof enough of the fact that even difficult technologies are constantly being improved behind the scenes, and comfort and safety are increasing even in ways that we users don't even notice.
A word from John:
I think that this partnership between OKX and ConsenSys is a great move to bring major companies together to provide better services for general users. I am especially pleased that concrete measures are being taken for issues like MEV, which are somewhat technical and difficult to understand, so that more people can step into the world of new technology with confidence. I feel that the accumulation of these individual collaborations and improvements will make the world of the metaverse and Web3 (the next generation of decentralized Internet) richer and more accessible.
This article is based on the following original articles and is summarized from the author's perspective:
OKX Partners With Consensys To Integrate DEX API For
MetaMask And MEV Protection For OKX Wallet