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Metamask Wallet Will Now Keep Customer Data For 7 Days. - Investment - Nairaland

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Metamask Wallet Will Now Keep Customer Data For 7 Days. by altcoinng: 11:44am On Dec 07, 2022
Home\Crypto News\MetaMask Wallet will now keep customer data for 7 days.

By Editorial TeamDEC 07, 2022MetaMask Wallet will now keep customer data for 7 days. CRYPTO NEWSNo comments
MetaMask is a popular cryptocurrency wallet used by many crypto investors.

On November 23. Metamask quietly put a clause in its privacy policy for users saying that Infura would get more information from transactions on Ethereum. This clause received a lot of backlash from the community, and now, MetaMask has come out to say that user data will only be kept for seven days.

In a blog post on November 6, the company announced a change to how long it will keep user data like wallet addresses and IP addresses. From now on, it will only keep this information for seven days.

As we reported, Metamask changed its privacy policy at the end of November and said that it will start collecting certain user-provided data, such as identity information (name, username, gender, date of birth, etc.), profile information (including username and password), contact, financial, and transaction information, among other things.

Metamask also said that its other product, Infura, collects users’ IP addresses whenever they send a transaction. As a Remote Procedure Call (RPC) provider, Infura is an important part of the Web3 infrastructure because it connects the wallet to smart contracts on a blockchain.

People in the crypto community didn’t like the update because they were worried about their on-chain privacy. Metamask said in their latest announcement, “The update sparked a number of public and internal conversations about how we could better protect the privacy of MetaMask and Infura users.”

The company also said that they are planning some updates after spending the last week looking into some of the problems that were brought up by their last update.

Metamask said, “Our data retention policy says that we keep and delete user data like their IP address and wallet address.” “We are working on reducing the length of time we keep information to 7 days, and we will add these rules to our privacy policy in a future update.”

The company also said that they only collect wallet and IP address information “to ensure successful transaction propagation, execution, and other important service functionality” like load balancing and DDoS protection.

“We have never sold any information about our users, and we never will. Our privacy policy tells us how we can and can’t use data, and we stick to those rules.”

Metamask also said that it plans to build a new advanced settings page so that all new users can choose their own RPC during onboarding and afterward. This is in response to the backlash from the community. Users can choose not to use Infura and instead use a third-party RPC.

https://altcoin.ng/metamask-wallet-will-now-keep-customer-data-for-7-days/

1 Like

Re: Metamask Wallet Will Now Keep Customer Data For 7 Days. by Aboks(m): 11:53am On Dec 07, 2022
OK so meta mask is not secured I guess, satoshi better look for a secured wallet
Re: Metamask Wallet Will Now Keep Customer Data For 7 Days. by Monatyk(m): 12:14pm On Dec 07, 2022
Because there are instances where someone loses money, which is not nice and you do not want that to happen, it is crucial to give preference to established sites when selecting a reputable cryptocurrency exchange. Due to my confidence in bitstakex professionalism and security standards, I prefer them. So if this is what you require, I believe this platform to be that which you require.

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