Coin Choice: The Latest Extension Tool for MetaMask Snaps

On April 25th, it was announced that Coin Choice, an extension tool based on MetaMask, was launched, which supports the use of non GasTokens (such as USDC) to pay gas fees for different networks. This tool is built on MetaMask Snaps, an extension platform of MetaMask, and was once a shortlisted project for ETH Denver Hackers.

The launch of the extension tool CoinChoice based on MetaMask

If you’re familiar with cryptocurrency, you’ve likely heard of MetaMask – a browser extension that serves as a wallet for Ethereum and other ERC-20 tokens. MetaMask has become a popular tool for accessing decentralized applications (dapps) that operate on the Ethereum network. Recently, a new tool called Coin Choice was launched, which offers an extension layer to MetaMask called MetaMask Snaps. Coin Choice allows users to pay gas fees for different networks using non GasTokens like USDC. This article will explore this new tool and what it means for users and developers.

What Is Coin Choice?

Coin Choice is an extension tool built on MetaMask Snaps. It is currently being offered through Chrome, Firefox, and Brave. The tool allows users to use non GasTokens like USDC to pay gas fees on various networks. Previously, users had to use GasTokens on Ethereum to pay for gas fees. Coin Choice changes this by allowing users to choose the token they want to pay with.

How Does Coin Choice Benefit Users?

The biggest benefit of Coin Choice is the ability to pay gas fees in any ERC-20 token, not just GasTokens. This offers more flexibility to users and makes it easier to manage their tokens. Additionally, users can save money on gas fees by using a lower cost token like USDC.
Another benefit is that Coin Choice offers a simpler user experience. Previously, users had to manually convert tokens to GasTokens before using them to pay gas fees. With Coin Choice, users can use any token they have in their MetaMask wallet to pay for gas fees.

How Does Coin Choice Benefit Developers?

Coin Choice offers benefits to dapp developers as well. By allowing users to pay gas fees in any token, developers can create more convenient and flexible payment options for their users. This can increase adoption and usage of their dapps. Additionally, developers can save on development costs by not having to create custom payment solutions.

About MetaMask Snaps

MetaMask Snaps is an extension platform for MetaMask that allows developers to create new functionality without having to write a full MetaMask extension. Instead, developers can create “snaps” which are smaller, more targeted extensions that can be easily installed into MetaMask. Coin Choice is an example of a snap built on MetaMask Snaps.

Conclusion

Coin Choice is a new extension tool built on the MetaMask Snaps platform. It allows users to pay gas fees using non GasTokens on different networks, making it more flexible and cost-effective. Developers can also benefit from Coin Choice by creating more convenient payment options for their dapps. As the use of cryptocurrencies and dapps continues to grow, tools like Coin Choice will become increasingly important.

FAQs

1. Can I use Coin Choice on all networks?
– Coin Choice supports various networks including Ethereum, Binance Smart Chain, and Polygon.
2. How do I install Coin Choice?
– You can install Coin Choice by adding it as an extension in your browser through the Chrome Web Store, Firefox Add-ons, or Brave extensions.
3. Are there any fees associated with using Coin Choice?
– Coin Choice does not charge any additional fees, but there may be gas fees associated with the network you are using. Check the gas fee prices before making a transaction.