ConsenSys Updates its Privacy Policy After Major Backlash from Community

ConsenSys, a New York-based blockchain software technology company and developer of the crypto wallet MetaMask, shared yet another privacy policy update.

According to the blog post shared on December 6th, the company plans to delete user data every seven days. On top of that, ConsenSys reassured its users that data collected from Meta Mask and its Remote Procedure Call (RPC) application, Infura, will not be shared with third parties.

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It is worth noting that the collected data includes user IP and wallet addresses. In the new blog post, ConsenSys emphasized that the above-mentioned data will be collected only when users make a transaction.

On top of that, starting next week, users will be able to choose their Remote Procedure Call (RPC) providers instead of sticking with the default RPC, Infura. In the blog post, the company noted:

There are many good reasons why users may want to use different RPC configurations, in particular hosting their own nodes, and we have always believed that part of the value we offer is in the user’s right to exit our offerings.

At the end of the blog post, ConsenSys stated that it will continue working on “greater empowerment and protection of end users and developers.” Moreover, the company is determined to build high-quality tools and services. Nevertheless, ConsenSys stated:

We often need to make difficult tradeoffs, typically prioritizing user security regarding fund loss, so your feedback is invaluable in helping us continually identify and improve our policies and how our products function. A vocal and passionate user base is a priceless gift for improving a product.

At the end of November, ConsenSys informed its customers about the policy update of gathering their IP and wallet addresses. After the news broke, ConsenSys received quite a negative response from the crypto community.

One Twitter user, dubbed Crypto24by7, sarcastically thanked MetaMask for giving users a reason to move their holding from Metamask to a hardware wallet, Ledger.