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As malicious entities persist in their efforts to appropriate users’ cryptocurrency holdings, wallet provider MetaMask has created a method to offer users enhanced visibility into the transactions and interactions within the application.
In a discussion with Cointelegraph, Francesco Andreoli, head of the developer community at ConsenSys, addressed the measures taken to ensure the security of the newly launched MetaMask Snaps for users. The executive emphasized the significance of user consent and the necessity for users to be informed at each stage of their experience across different chains and decentralized applications.
Andreoli during his keynote address at Blockchain Economy Dubai. Source: Cointelegraph
Given that MetaMask serves as a wallet for various users’ cryptocurrency assets, the security of MetaMask Snaps may raise concerns for users considering the new feature. Nevertheless, Andreoli pointed out that obtaining user consent is a primary focus, and Snaps has been designed to ensure complete transparency regarding how each Snap interacts with the MetaMask wallet extension.
He mentioned that the recent update provides users with additional data points to enhance their understanding of their transactions: “So for security, one significant category of our allow list is transaction insights. Essentially, what is occurring with transaction insights is that you gain more data points on what the extension currently does.”
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During his keynote presentation, Andreoli also showcased how a Snap named Wallet Guard can assist in safeguarding users from harmful transactions. The executive further clarified to Cointelegraph that prior to signing and approving transactions, users would be presented with various information regarding their intended actions:
“Essentially, what is happening is that before you sign and approve a transaction, you will receive different data points. For instance, if you are engaging with a malicious contract or have a specific interaction. This occurs before you actually approve the transaction.”
He emphasized that users would be “fully aware” of what is taking place. According to Andreoli, this aspect received particular attention during the development of MetaMask Snaps.
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