The most widely used wallet: 21 million monthly active users.
The popular browser wallet has over 21 million monthly active users. This makes it one of the most widely used wallets in the world.
As ConsenSys continues to revise and update its privacy policy agreement, MetaMask will now begin collecting users' IP addresses and Ethereum wallet addresses during on-chain transactions. This move will help to improve the transparency and security of the MetaMask platform, as well as help to protect users' privacy.
It is good to see that ConsenSys is taking user privacy seriously by only collecting data from those who use their default RPC application Infura. This should help to reassure users that their data is safe and secure.
As one of the most popular self-custody wallets on the market, MetaMask is regularly used by millions of monthly active users. According to ConsenSys, information gathered by MetaMask may be disclosed to affiliates or during business deals, in order to comply with anti-money laundering requirements set by law enforcement. Despite these possible uses for user data, MetaMask remains a popular choice for many cryptocurrency users due to its ease-of-use and security features.
The reaction within the crypto community to the news that Adam Cochran, partner at Cinneamhain Ventures, has stated that the crypto community's reaction to the news has been mostly negative, has been mostly negative.
"There is nothing more important than consumer privacy, especially when it comes to your financial data - you have a right to be anonymous. Metamask has provided a great free service for a long time, but their decision to log IPs and tie it to transactions is unacceptable."
It is heartening to see that companies like ConsenSys are committed to privacy and decentralization, even in the face of increasing regulation. The Uniswap protocol is a great example of how these values can be upheld in a practical way. I hope that other companies will follow suit and adopt similar policies.
