Topic 5 - Steemit Crypto academy: Understanding Decentralized Finance Part-2 for @yohan2on by @endersontowers

We can mention that metamask is a very easy-to-use extension, it is integrated with the Chrome, Opera, Firefox and brave browsers, going viral all over the world since it works especially as an intermediate bridge for all DApps and browsers, facilitating their use. . This wallet works with Ethereum and it has been very good at creating this great environment to work with all decentralized applications, before it had proven to work very difficult, now through this extension it is very easy Everything without having to configure anything at all. Thanks to the use of web3.js, you can take advantage of this type of extensions for the use of Ethereum and its characteristics since metasmak was created for the Ethereum wallet and to interact with DApps. Metamask can be used in decentralized exchanges, some applications such as cryptokitties, markets such as veil market, some rts-type games and MyEtherWallet-type wallets.

Advantages and disadvantages

Advantage

• It is decentralized with free software.
• Allows you to create wallets in HD.
• Stores keys locally.
• It is created in the Web3.js for the improved use of ethereum
• It can be integrated into different wallets such as MyEtherWallet, Coinbase or Shapeshift.
• As a security measure, Metamask has protection against attacks that put user funds at risk.
• You can interact with the majority of DApps.

Disadvantages

• It is a browser extension, so there is always a danger against hackers who can endanger funds.
• They only work with a certain amount of DApps.

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How to install Metamask?

To install Metamask is very easy, since it is an extension for your browser, preferably Chrome, Opera, Firefox and brave, in this case we will use Chrome, a very important piece of information is to use the official web pages of these extensions since there are third-party cybercriminals that do harm to people by impersonating, for this reason it is better to be cautious and download them through their official website as well as their future updates.

The first thing to do is visit the official website and click on the following selected links.

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Once we select this, we click on "start"

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Upon reaching this box, it will ask you if you already have an account or need to create a new one, if you are already registered it will ask you for the seed phrase in a specific order, in our case we will register as new users.

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We accept

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In this field, the seed phrases are thrown in a specific order, we must keep this order very well so that there are no problems later on.

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In this step, you give us an unordered amount of the previous week phrase, you must order them with your established order.

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Congratulations! You have successfully created your user in metamask, now you can interact in the extension.

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With metamask you can exchange tokens from your wallet, it also combines several decentralized exchange aggregators that allow you to exchange tokens quickly. These decentralized marketplaces ensure that their users always get the best possible price. Sources of liquidity include:

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An example of change from ethereum to united, the% charge by metamask is 0.875% for providing its exchange services.

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You can deposit both from another wallet, or you can use the buy option to buy ethereum through Wyre that accepts debit card.

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To interact within the MetaMask wallet, you need to have Ethereum in your wallet or you can buy it through Wyre Wyre allows you to use a debit card to purchase ETH direct into your MetaMask account.

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You can exchange tokens with each other, these are the ones accepted by the platform: ETH, SKL, UNITED, LINK, AAVE, MOON, DAI, CDAI, CETH, SUSHI, GRT, MKR, CUSDC, COMP, ONE, YFI, BNT, REN, ZRX, RSR, XSUSHI, RENBTC, LRC, 1INCH, CRV, BALL, NXM, KNC.

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You can connect a physical wallet to metamask, this application tells you how you should do it.

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For me it is an honor to be able to help whenever I can in these types of activities and more to continue learning every day of the Defi world, this topic is very good, and I love being able to help someone without knowledge or being able to clarify some doubts for those who handle the subject. I found the metamask theme excellent and being able to explain everything about the subject seemed great. Thank you very much teacher for these topics Defi.

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Thanks in advance

@steemcurator01
@steemcurator02
@yohan2on