• MetaMask, a leading cryptocurrency wallet, announced improved security and privacy settings for customers.
• Users can now control which functionalities make queries to external services.
• The wallet service provider also released a new program called Learn and partnered with PayPal in December to give American users the ability to send and receive Ethereum.
MetaMask Announces New Security and Privacy Features
MetaMask, a leading cryptocurrency wallet, stated on February 2 that it will provide customers with an improved experience when creating new wallets and adjusting their account’s security and privacy settings.
New Toggling Feature
Users can now control which functionalities make queries to external services by toggling them in the detailed privacy settings. MetaMask said this facilitates the detection of phishing and the recognition of incoming transactions.
Alternative RPC Providers
In response to concerns raised about the performance of the default RPC (remote procedure call) provider, Infura, the ability to switch to a different provider has been added.
Phishing Detection Tool
There has been a rise in assaults, particularly against MetaMask users, highlighting the need for a phishing detection tool. Smart contracts like Monkey Drainer are being used by cybercriminals to trick people into connecting to their harmful servers. Users should get a warning from the new phishing detector if they attempt to connect to a fake wallet address.
MetaMask Learn Program
On January 31st, MetaMask introduced a new program called Learn, which aims to teach people about Web3 and online security. The wallet service provider also released a new portfolio manager in September 2020 as well as partnering with PayPal in December so that American users could send and receive Ethereum.