Connect with us
Active Currencies 16048
Market Cap $3,576,101,161,396.60
Bitcoin Share 53.33%
24h Market Cap Change $-4.77

MetaMask, its updated policy, and all there is to know about the recent outrage

2min Read

Share this article

MetaMask’s updated privacy policy has been a trending topic in the crypto market especially in the last few days. Individuals on crypto twitter advocating privacy have accused MetaMask of attempting to breach the user’s right to privacy with their new update. However, company officials have refuted any such claims. 

A quick dive into MetaMask’s updated privacy policy 

On 23 November, the popular crypto wallet revised its privacy policy. As per the new update, details regarding users’ IP address as well as their Ethereum [ETH] wallet address would be gathered by Infura. 

Infura happens to be MetaMask’s default Remote Procedure Call (RPC) provider. The updated policy was published on the official website of ConsenSys, the parent firm of MetaMask. 

Users on twitter were quick to scrutinize the revision and soon pointed out the shady details in the new policy.

“When you use Infura as your default RPC provider in MetaMask, Infura will collect your IP address and your Ethereum wallet address when you send a transaction.” the policy read. 

Word from the ConsenSys founder 

Joseph Lubin, the founder of ConsenSys, took to Twitter on 26 November to address what he referred to as “misunderstandings” regarding MetaMask’s updated privacy policy. In a lengthy twitter thread, Lubin explained how ConsenSys was just the developer of MetaMask. Furthermore, its default RPC provider Infura, and that it had no part in the wallet’s operations.

“Infura takes requests from MetaMask (or other software products that use it) and returns answers to those requests. Some of those requests require data to read it from the blockchain.” he said.

According to Lubin, Infura requires the IP address, as well as the blockchain address to process requests from MetaMask. He added that this was a standard industry practice. 

Considering the situation at hand, the ConsenSys chief proposed a solution involving the decentralization of RPC providers. According to him, several projects, including Infura, are working towards a solution that would bring more decentralization without compromising the performance. 

ConsenSys’ responds

Following the initial policy update, ConsenSys also released a statement to address the outrage over alleged attempts to rob users of their privacy. The firm clarified that MetaMask’s latest update did not result in intrusive data collection or data processing. 

Share

Saman Waris works as a News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins. A graduate in history, Saman worked the sports beat before diving into crypto. Prior to joining AMBCrypto 2 years ago, Saman was a News Editor at Sportskeeda. This was preceded by her stint as Editor-in-Chief at EssentiallySports.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.