Crypto wallet platform MetaMaskmade statements about the discussions about collecting the data of its users.
Recently, the crypto wallet platform MetaMask There was a lot of discussion about it. The most striking of these discussions was the statements that the company collects user data. Decentralizedcrypto wallet service MetaMask, receive the data he accepted . The company said in a statement that the data ConsenSysHe stated that they were collected by and that they were not used. decentralizationperception, securityand security The term “as” left a question mark in mind. Users argued that there could be no decentralization that violates the privacy policy. In the midst of all these discussions, the company made a detailed statement about user data. coincolicaspect, MetaMaskco-founder Dan FinlayWe reached out and asked our questions about user data.
What Data Does MetaMask Get From Its Users?
Decentralizedcrypto platform MetaMask announced yesterday that it will only keep user data for a week. Among the new updates and announced, RPCchanges were also included.
MetaMask, its users IP address and wallet information within the necessary permissions underlined. Also, the wallet activitiesand balanceon issues such as “read” Acting with permission. In a statement made by the company, it was stated that the information received was not sold in any way.
coincolicaspect, decentralizedan exchange and crypto wallet MetaMaskWe asked why is collecting user data. MetaMaskco-founder Dan Finlayanswered our questions.
Dan Finlaystated that confidentiality and transparency are at the center of company values. Finlay, users infuraof RPC stated that they made transactions using their endpoints. These transactions “writing”after going through the approval process wallet informationand IP address collecting. However Finlay , underlined that this information collected is not stored enough to be associated. The purpose of this collected information; performing transactions, DDoSprotection, infuraDescribed as load balancing and execution provided by
To our question on the collection and storage of user data Dan Finlay, “ We store and delete user data such as IP address and wallet address in accordance with our data retention policy. We are working to reduce the retention period to 7 days and will add these retention policies to our privacy policy in an upcoming update. ” said.
MetaMaskusers to check their account balances. infura It requests “read” through it. With this request, the account address information is not stored and with IP addresses stated not to be associated. So users’ wallets, with IP addressesnot paired.
Referring to the allegations that the data was sold, Finlay, “We have never and will never sell any user data we collect. We use data strictly in accordance with the usage restrictions described in our privacy policy.” said.
Why Does MetaMask Need To Pull Data From Its Users?
coincolicaspect, MetaMaskco-founder Dan FinlayWe asked why a decentralized company would need to pull data from its users.
decentralization, your privacyand your safetyIt is a technology that is the top priority. Web3gaining popularity, secrecyand securitydirectly related to its commitment to users.
co-founder Finlay, decentralized applications blockchainstated that he had to follow a path to connect to their network. Finlay, infuraHe stated that the system offers a wider job opportunity with a lower entry barrier. RPC means remote procedure call. In this context infura, MetaMaskIt receives requests from and performs those requests.
Referring to why user data is collected Finlay, “ When transactions are sent via the Infura API, Infura receives your IP address and account address to perform basic technical functions. First, the account address is required as it is part of the request sent to a blockchain network. The IP address is also required to route the response back to the requestor. This data also provides DDoS protection to deter spam, keep our systems secure, and actually provide user-requested services.” said.
Speaking of updates Finlay, said:
We’re also making some updates to MetaMask to strengthen our commitment to user choice. While Infura is the default RPC provider pre-installed when users install MetaMask, sometimes a user wants to assign an alternative third-party RPC or self-host their node. From a privacy standpoint, we warn that these alternatives may not actually provide more privacy; alternative RPC providers have different privacy policies and data practices, and hosting a self node can make it even easier for people to associate your Ethereum accounts with your IP address.
Why Does MetaMask Keep The Data It Collects For One Week?
coincolicaspect, MetaMaskdata as per the new policy of one weekWe asked the reasons for the detention decision.
Finlay stated that the time set as one week does not mean that they keep it. He claimed that this period was a legal leave given to them. MetaMask has announced that it conducts this period in accordance with data privacy controls and retention policies. In addition, the company underlined that the data held cannot identify users.
MetaMask co-founder Dan Finlay, along with privacy policies ConsenSys, MetaMaskand infura He stated that ‘s is the best in terms of data protection. Moreover Finlaystated that they believe maintaining community trust is exemplary.
MetaMask Co-Founder: MetaMask Owes Its Growth To Its Community
MetaMaskco-founder Dan Finlayemphasized the importance of the community in the company’s development and growth. Finlay, underlined that their growth is thanks to the community.
Commenting on the community Finlay, “They are constantly finding new ways to build and organize and always push us to improve in countless ways.” said. co-founderHe also stated that they have an exciting future depending on their users.
Will MetaMask Exist 20 Years Later?
The turbulent processes in the crypto industry and the collapse of major players gave rise to future concerns among investors. In this context, MetaMask‘of 20 yearsThen we wondered if it could exist.
Statement on the subject MetaMaskco-founder Dan Finlay, MetaMaskof users Web3 He stated that it was the first way to interact with him. Moreover Finlay, said:
MetaMask, the leading self-storage wallet, acts as a digital authority manager for Web3. It only allows websites and apps to access data that a user has allowed. All this is important in the coming years.
