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

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

The Consensys privacy policy discloses the collection of user data

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

According to the policy, if a user exploits Infura and an RPC using Metamask, the software will collect the user’s cryptographic address and IP information. Infura, however, is Metamask’s default RPC provider and another RPC can be used. For example, if a user manages his own node. Users can also switch to another RPC such as Tatum, Moralis, Alchemy and Quicknode.

If the user passes RPC calls to Metamask from Infura to something else, the user’s cryptographic address and IP information will not be collected. Consensys’ move follows Uniswap Labs explaining a similar decision in a blog post titled “Uniswap Labs’ Commitment to Privacy.”

Uniswap’s decision was criticized a lot and the Consensys privacy policy started making the rounds on November 24th. The Metamask and Infura topic has received just as much criticism on social media and cryptocurrency-related forums. Tuur Demeester, Bitcoin advocate and editor at satoshippapers.org, shared his two cents on the situation.

“Etherean realizes the value of running its own full node, only to realize it’s no longer an option,” Demeester tweeted. “Namely: the first centralized stakers started censoring transactions. Now Metamask, the main one [Ethereum] login provider, is logging IP addresses and wallets”.

Ethereum backer Adam Cochran said it was a “stupid move”. “Okay, this Metamask invasion of privacy is yet another stupid move by Consensys,” Cochran tweeted. “Shill me your best easy self-hosted nodes hardware or SaaS service,” she added.

Metamask tweeted about the situation on November 24 explaining that the privacy policy was updated the day before. “The language in our privacy policy was updated on November 23rd,” the official Metamask wallet 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 states that “the updates to the policy do not result in more intrusive data collection or processing and were not made in response to 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 , your demeester, Uniswap Labs, Web3 wallet

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

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a financial technology journalist based 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.




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