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- Good Transactions on MetaMask guarantee 99.5% transaction success, combating MEV assaults and decreasing fuel prices for customers globally.
- MetaMask’s Good Transactions revolutionized Ethereum transactions, providing safety and effectivity.
- By way of Good Transactions, Consensys continues driving blockchain evolution, prioritizing person expertise and safety.
As reported by Wu Blockchain, a crypto information reporter, the blockchain agency Consensys has launched Good Transactions. This progressive expertise, set to roll out globally as an non-obligatory characteristic on MetaMask, goals to deal with urgent points corresponding to transaction success charges, fuel prices, and safety in opposition to MEV assaults.
Good Transactions leverage superior expertise to make sure customers’ transactions stay non-public till confirmed on the chain, successfully thwarting preemptive actions by bots. In line with EigenPhi estimates, MEV assaults price Ethereum customers a sum of as much as 124,000 ETH in 2023 alone, highlighting the urgency for options like Good Transactions.
Considered one of Good Transactions’ standout options is its capability to considerably improve transaction success charges. Throughout beta testing, it boasted a formidable 99.5% success price, surpassing trade benchmarks and promising a smoother transaction expertise for MetaMask customers worldwide.
Furthermore, Good Transactions provide tangible advantages when it comes to diminished fuel prices and safety in opposition to MEV assaults corresponding to frontrunning and sandwiching. By pre-simulating transactions utilizing MetaMask’s just-in-time simulation service, customers can take pleasure in decrease fuel charges and keep away from expensive surprises related to failed transactions.
Gal Eldar, Govt Director of Product at MetaMask, emphasised the significance of addressing the complexities and challenges inherent in submitting transactions to a distributed community. The introduction of Good Transactions represents a proactive step in direction of mitigating points like frontrunning assaults and overpayments for block house, finally enhancing person expertise and monetary safety.
Shifting forward, MetaMask plans to introduce additional enhancements to the transaction lifecycle. These ongoing optimizations purpose to extend transaction charges, decrease fuel prices, and make sure the worth of trades for Good Transactions customers.
Consensys, famend for its contributions to the blockchain and web3 ecosystem since 2014, continues to drive innovation by its product suite, which incorporates MetaMask, Infura, Linea, Diligence, and Phosphor.
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