ConsenSys Clarifies Data Retention Policy Amid Privacy Concerns

ConsenSys Updates Data Retention Policy

ConsenSys, a leader in blockchain technology and the company behind MetaMask, has revised its data retention policy. The update responds to criticism over plans to collect extensive user data, including personal and wallet information. The company now clarifies that it will retain user data for a maximum of seven days. This change aims to enhance privacy and address user concerns.

New Changes to Data Collection

The updated policy focuses on collecting only essential user data. ConsenSys will gather wallet and IP addresses solely during transactions to ensure proper execution and functionality, such as DDoS protection. This limited data collection is crucial for maintaining the security and efficiency of its services. ConsenSys emphasizes that it does not sell user data and adheres strictly to its privacy policy.

User Control and Advanced Settings

In an effort to empower users, ConsenSys plans to introduce a new advanced settings page. This feature will allow new users to select their own RPC providers, enhancing transparency and user control over their data. The rollout is expected to take place over the coming week, reflecting the company's commitment to user privacy.

Importance of Data Privacy

Joe Lubin, the founder of ConsenSys, underscores the importance of privacy in light of recent discussions. The accelerated policy updates demonstrate ConsenSys's dedication to addressing privacy concerns and protecting user data. By refining its data retention practices, ConsenSys aims to rebuild trust and support its blockchain community.