- Emurgo, one of the founding entities of the Cardano ecosystem, has released the Yoroi Wallet dApp connector, the beta version of a MetaMask-like wallet application.
- The application is based on the Ergo blockchain, but could be ported to Cardano with the launch of Goguen due to the common EUTXO model.
Within Ethereum‘s DeFi space, MetaMask is one of the most important building blocks for users. MetaMask allows storing and manage account keys, transfer transactions and send and receive Ethereum-based cryptocurrencies, and securely connect to decentralized applications via the browser plugin or a mobile app.
As inventor Charles Hoskinson has repeatedly pointed out in the past, Cardano‘s DeFi space is supposed to be cheaper, more secure, and simpler than Ethereum’s. Emurgo, the team behind the Yoroi wallet, could play an important role in the latter. As Emurgo announced yesterday, they have released a beta version of the Yoroi Wallet dApp connector. Introduced with the words “think MetaMask” on Ergo’s blockchain, the dApp Connector is meant to be the gateway to the world of decentralized applications. Via Twitter, Emurgo announced:
NEW RELEASE: EMURGO has launched a beta version of @YoroiWallet’s dApp Connector (think #MetaMask) on #Ergo’s platform.
With this development and #Cardano’s #Plutus also on the way, this is just the beginning of dApps in Yoroi. 🚀 $ERG $ADA
The proposed API is limited to just the minimum wallet <-> dApp communication needed rather than providing lots of utility functions (tx building, data conversions, etc) or node-access (for UTXO scanning). This is different compared to web3 as that functionality could be modular in a separate library and Ergo smart contracts don’t need as much direct node access for basic dApp functionality compared to Ethereum.
It is important to note that this means the dApp connector will work based on the Ergo blockchain. Since Emurgo is one of the founding entities of the Cardano ecosystem along with IOG and the Cardano Foundation and Ergo is based on the extended UTXO (EUTXO) model as is Cardano, it should be no problem to port the code to Cardano.
Since Goguen and with it the smart contract era for Cardano has not yet been rolled out, it does not make sense to have a gateway to the world of dApps at the moment – especially since this would be a good way to test the technology before the launch of Goguen.