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

Consensys Privacy Policy Reveals User Data Collection

The digital currency community and social media demographic known as “crypto Twitter” (CT) has talked a lot About Consensys’ Privacy Policy. The privacy policy applies to the company’s Ethereum infrastructure platform Infura and Web3 wallet Metamask.

According to the policy, if a user utilizes Infura and RPC using Metamask, the software will collect the user’s encrypted address and IP information. However, Infura is the default RPC provider for Metamask, and another RPC can be used. For example, if a user operates their own node. Users can also switch to another RPC such as Tatum, Moralis, Alchemy, and Quicknode.

If a user switches RPC calls on Metamask from Infura to something else, the user’s encrypted address and IP information will not be collected. Consensys’ move comes after Uniswap Labs explained a similar decision in a blog post titled “Uniswap Labs’ Commitment to Privacy.”

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Uniswap’s decision is critical Consensys’ Privacy Policy was published on November 24th. The Metamask and Infura themes have received just as much flak on social media and crypto-related forums. Bitcoin proponent and Tuur Demeester of shares his two cents on the situation.

“Etherean realized the value of running its own full node before realizing it was no longer an option,” Demeester tweets. “That is: the first centralized stakeholder to start reviewing transactions. Now Metamask, the main [Ethereum] Access providers are logging IP and wallet addresses. “

Ethereum proponent Adam Cochran said it was a “stupid move.” “Well, this Metamask privacy bug is another stupid move by Consensys,” Cochran tweets“Show me your simplest self-hosted node, whether it’s hardware or a SaaS service,” he added.

meta mask tweets Regarding the situation on November 24th, it was stated that the privacy policy had been updated the previous day. “The language in our privacy policy was updated on November 23rd,” said the Metamask wallet’s official Twitter account. “Nothing has changed in the way MetaMask and Infura operate. This is a statement that clarifies how we handle user data (spoiler alert: none).”

The statement shared by Metamask was a blog post from Consensys that said the “policy update does not result in more intrusive data collection or data processing, nor is it intended to respond 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 Services, metamask, Metamask Infura, Metamask Wallet, Moralis, Policy, Privacy Policy, Quicknode, RPC, Tatum , tuur demeester, Uniswap Labs, Web3 wallets

What do you think of Consensys’ privacy policy update? Let us know your on this topic in the comments section below.

Jamie Redman

Jamie Redman is the Head of News for News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for News about the disruptive protocols emerging today.

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