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


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

Consensys Privacy Policy Discloses Collection of User Information

There has been a digital currency community and social media demographic known as ‘crypto Twitter’ (CT). he talks a lot About Consensys’ privacy policy. The privacy policy applies to the firm’s Ethereum infrastructure platform Infura and Web3 wallet Metamask.

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

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

It was a Uniswap decision criticized a big deal and Consensys’ privacy policy went live on November 24th. The topic of Metamask and Infura is being discussed more and more on social media and cryptocurrency forums. Tuur Demeester, Bitcoin advocate and editor at Satoshipapers.org, shared his two cents on the situation.

“Etherean is waking up to the value of running its own full node, only to realize that’s no longer an option,” Demeester said. he tweeted. “To wit: The first centralized stackers started censoring transactions. Now Metamask, the main one [Ethereum] logs the access provider IP and wallet addresses.

Ethereum proponent Adam Cochran said it was a “dumb move”. “Well, this Metamask privacy breach is just another stupid move from Consensys,” Cochran said. he tweeted. “Send me your best easy self-hosted nodes, either hardware or SaaS,” he said.

Metamask he tweeted It explained that the privacy policy was updated the day before regarding the situation on November 24. “Language in our privacy policy was updated on November 23rd,” said the official Twitter account of the Metamask wallet. “Nothing has changed in the operation of MetaMask and Infura. Here’s a statement clarifying what we do with user data (spoiler: nothing).”

In a statement shared by Metamask, a blog post published by Consensys said that “the policy updates do not result in more intrusive data collection or data processing and were not made in response to any regulatory changes or requests.”

Tags in this story

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

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

Jamie Redman

Jamie Redman is Head of News at Bitcoin.com News and a fintech journalist 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 more than 6,000 articles for Bitcoin.com News about disruptive protocols emerging today.




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