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Metamask presents new data protection functions for crypto wallets
On February 2, the industry-leading crypto wallet Metamask announced that users will see an "updated experience" for wallet creating and upgrades in their data protection and security settings. "We have updated the expansion to maximize the control you have about your data," it said. Under the extended data protection settings, users can now switch functions that send inquiries to third -party services. This helps with phishing recognition and identification of incoming transactions, explained Metamask. In response to criticism of the default provider Infura, there is also the possibility to change the RPC provider (Remote procedure Call). Metamask 🦊 aims at the standard seter for crypto money exchanges for ...
Metamask presents new data protection functions for crypto wallets
On February 2, the industry-leading crypto wallet Metamask announced that users will see an "updated experience" for the wallet creation and upgrades in their data protection and security settings.
"We have updated the expansion to maximize the control you have about your data," it said.
Under the extended data protection settings, users can now switch functions that send inquiries to third -party services. This helps with phishing recognition and identification of detailed transactions, explained Metamask.
In response to the criticism of the default provider Infura, there is also the possibility to change the RPC provider (Remote Procedure Call).
metamask 🦊 aims to be the standard seter for crypto money exchanges for data protection, the security and transparency of the users🧵👇
- Metamask 🦊💙 (@metamask) 2. February 2023
metamask under fire
in November Metamask came under criticism after an update by the developer Consensy. At the time, a quietly updated data protection guideline said that when using Infura, "your IP address and your Ethereum wallet address are recorded when you send a transaction".
This triggered a wave of conviction of the wallet and its creators and forced Consensy to justify his actions.
Metamask has now fixed the problem by offering a selection of RPC providers in this latest upgrade.
The phishing recognition function is also one that is necessary because attacks have increased, especially on metamask users. Harmful smart contracts like Monkey Drainer attract victims to connect with malignant addresses. The new phishing detector should warn users if they connect to a wrong wallet address.
Some of the reactions to the announcement remained critical of Metamask, since the competition has grown lately. Defi-Analyst and decentralization supporter Chris Blec Warned :
"I know that you have to market your product, but trying to reduce the meaning of seed phrases is not the right way."
On January 31, Metamask announced a new Learn initiative to clarify users via Web3 and online security practices.
very exciting news: We are pleased to be able to tell you that Metamask is there! 🦊🧠
What is Web3? Why is it important? Wait, what is a wallet?
Spring on our foxtail and we show you https://t.co/frm9gsabcg pic.twitter.com/hiemkwsgey
- Metamask 🦊💙 (@metamask) 31. January 2023
In September, the wallet provider started a portfolio manager to improve the user experience. In December it worked with PayPal to enable Ethereum transfers for US customers.
outlook on the cryptom market
The cryptoma markets have decreased by 1.2 % with a decline in the overall market capitalization. According to Coingecko, the total upper limit is currently $ 1.11 trillion.
The cryptoma markets have increased by 35 % since the beginning of 2023, but large assets are currently encountering resistance at the current price level. BTC and ETH had decreased by 1.4 % or 1.8 % at the time of writing this article.
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