NewsletterBreaking: Metamask To Resolve Concerns Over IP Address Collection
Metamask IP Address Collection Concerns: Amid widespread concerns over gathering user IP addresses while accessing the service, Consensys, the company behind Metamask, clarified on its privacy policy. Earlier, the US-based company updated its privacy policy, which revealed that Metamask was gathering user IP addresses through Infura, which is also owned by Consensys. In a latest, Consensys released a statement saying the recent update was not intended at a drastic change in its business practices. It was aimed at solely providing greater transparency on existing practices, it said.
Also Read: This Banking Giant Hunts for Bargain Deals In Crypto Space After FTX Collapse
How Consensys Data Storage Works
Following reports of potential user data storage by the company, the crypto company raised concerns over the centralization aspect. Although Metamask admitted to using the data, the company said it is not misusing it. Also, there is no evidence to show that there was any data misuse so far. In its statement, the company said it would collect wallet and IP address information only in case of “write” requests. Data is retained for a short period of time before it is deleted, it added.
“We retain and delete user data such as IP address and wallet address pursuant to our data retention policy. We are working on narrowing retention to 7 days.”
Consensys said it was making some updates to MetaMask while also rolling out a new advanced settings page for user onboarding.
Voice Against Monopoly
Recently, Dan Finlay, the co-founder of Metamask, expressed his support for Coinbase’s recent decision to end support for NFT transfers. Coinbase Wallet cited high gas fee of 30% charges on the Apple iOS ecosystem for the decision. Finlay proposed the launch of a new prepay transaction relay service to help Apple users avoid the fee.
Also Read: Top 5 Web 3.0 Cryptocurrencies That May Take Over Bitcoin In Future
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