CoinEfficiency

MetaMask Updates Privacy Policy for Enhanced Data Collection

MetaMask to collect IP and Ethereum wallet addresses, impacting users utilizing default RPC application Infura.
Published on 2022-11-24

MetaMask's Privacy Policy Update

MetaMask, a popular Ethereum wallet, is updating its privacy policy. Users' IP addresses and Ethereum wallet addresses will now be collected during on-chain transactions. This change is part of a revised privacy policy by ConsenSys, the creator of MetaMask.

Impact on Users

The data collection only affects users who engage with MetaMask's default Remote Procedure Call (RPC) application, Infura. For those using alternative methods, such as their own Ethereum node or a third-party RPC provider, the newly updated privacy policy does not apply. These users will adhere to the privacy terms set by their chosen RPC provider.

Relevance of RPC Providers

RPC providers play a crucial role in how data is handled within the Ethereum ecosystem. Infura, being the default option in MetaMask, is central to this new policy. Users who prefer not to share their data with ConsenSys through Infura can opt for other providers, enhancing their privacy control.

Considerations for MetaMask Users

For users concerned about privacy, understanding the implications of this policy shift is essential. By choosing alternative RPC providers, they can maintain more control over their data. This decision highlights the importance of being informed about the services one uses and the privacy policies they entail.

Conclusion

MetaMask's policy update reflects a broader trend of enhanced data collection practices in digital platforms. Users must be vigilant and choose their service providers wisely to ensure their privacy preferences are respected.

What is Coinefficiency?

Coinefficiency is your go-to platform for optimizing cryptocurrency trading, investments and strategies. We provide a comprehensive suite of tools to analyze market trends, monitor price movements, and execute effective trading strategies. Whether you're a seasoned trader or new to crypto, Coinefficiency helps you maximize your profits with data-driven insights.

Why Use Coinefficiency?

  • Advanced market analytics to identify trading opportunities.
  • Compare markets relative performance.
  • Understand market cycles over time. See market levels.
  • Compare buy-and-hold, portfolio rebalancing, Dollar-Cost-Averaging trading strategies.

With Coinefficiency, you can stay ahead of the market and execute efficient trading strategies effortlessly.

Get Started with Coinefficiency

Ready to optimize your crypto investments? Take control of your portfolio with cutting-edge tools designed for both beginners and experts.