Ethereum Software Company Consensys Collects User Data, Privacy Policy Discloses – Privacy Bitcoin News

Bitcoin.com

Crypto users have been complaining about a recent Consensys privacy policy update that says when Infura is leveraged as a remote procedure call (RPC) via Metamask, wallet and IP address data is collected. The news follows a similar decision the decentralized exchange (dex) platform Uniswap recently made concerning data collection. The dex platform’s operator, Uniswap Labs, revealed that the company’s software collects its users’ onchain data to bolster “data-driven decisions that improve user experience.”

Consensys Privacy Policy Reveals User Data Collection

The digital currency community and the social media demographic known as ‘crypto Twitter’ (CT), has been talking an awful lot about Consensys’ privacy policy. The privacy policy applies to the firm’s Ethereum infrastructure platform Infura and the Web3 wallet Metamask.

How To Get Free Crypto  

According to the policy, if a user leverages Infura and an RPC using Metamask, the software will collect the user’s crypto address and IP information. Infura, however, is Metamask’s default RPC provider and another RPC can be utilized. For instance, if a user operates its own node. Users can also switch to another RPC like Tatum, Moralis, Alchemy, and Quicknode.

If the user switches the RPC calls on Metamask from Infura to something else, the user’s crypto address and IP information won’t be collected. The Consensys move follows Uniswap Labs explaining a similar decision in a blog post called “Uniswap Labs’ Commitment to Privacy.”

Uniswap’s decision was criticized a great deal and Consensys’ privacy policy started making the rounds on Nov. 24. The Metamask and Infura subject has been getting just as much flak on social media and crypto-related forums. Bitcoin supporter and editor at satoshipapers.org, Tuur Demeester, shared his two cents about the situation.

“Etherean wakes up to the value of running his own full node, only to realize that’s no longer an option,” Demeester tweeted. “To wit: First centralized stakers began censoring transactions. Now Metamask, the main [Ethereum] access provider, is recording IP and wallet addresses.”

Coinbase Banner  

Ethereum supporter Adam Cochran said it was a “dumb move.” “Alright this Metamask privacy lapse is yet another dumb move from Consensys,” Cochran tweeted. “Shill me your best easy self-hosted nodes either hardware or SaaS service,” he added.

Metamask tweeted about the situation on Nov. 24 explaining that the privacy policy was updated the day prior. “The language in our privacy policy was updated on November 23rd,” the Metamask wallet’s official Twitter account said. “Nothing has changed in the way MetaMask and Infura operate. Here’s a statement clarifying what we do with user data (spoiler: nothing).”

The statement Metamask shared was a blog post published by Consensys which says “the updates to the policy do not result in more intrusive data collection or data processing, and were not made in response to any regulatory changes or inquiries.”

Tags in this story
Adam Cochran, Alchemy, ConsensYs, Crypto Twitter (CT), CT, digital currency community, Ethereum infrastructure, Full Node, Infura, Infura’s service, metamask, Metamask Infura, Metamask Wallet, Moralis, policy, Privacy Policy, Quicknode, RPC, Tatum, tuur demeester, Uniswap Labs, Web3 wallet

What do you think about Consensys’ privacy policy update? Let us know what you think about this subject in the comments section below.

FreeBitcoin Banner  
Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Read disclaimer

Go to Source
Author: Jamie Redman


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.