Connect with us

Hi, what are you looking for?

Finance

With Blockaid, MetaMask Introduces a New Security Alerts Function

The widely used cryptocurrency wallet is releasing an update designed to fortify its users against fraud, phishing, and hacking.

The Web3 wallet MetaMask has collaborated with security startup Blockaid to include native security warnings onto its browser plugin. As a result of this partnership, MetaMask will be one of the first self-custody web3 wallets that offer integrated security warnings. The function claims to block harmful transactions and safeguard consumers from frauds, phishing attempts, and hacks while maintaining user privacy.

Desktop users of MetaMask may start taking use of the new capability today by enabling the Privacy Preserving Offline Module (PPOM) under the MetaMask experimental configuration. Those who elect to opt-in at the early stage of the integration process will get notifications if a transaction looks to be malicious, with the new functionality coming on the MetaMask mobile app later in November.

PPOM is essentially an offline security engine that can simulate and validate transactions and signatures before signing them using only node RPC communication requests to a configured node provider no other data is sent to an external server.

It is planned to have the new functionality fully incorporated and activated into the wallet by default, so ensuring its availability to all MetaMask users by the first quarter of 2024. The delayed distribution is intended to reduce “false positives,” such as incorrectly labeling lawful processes as malicious, so that the tool becomes a trusted addition among users.

Advertisement

You May Also Like

Business

WalletConnect Foundation and Reown have announced new UX standards for blockchain wallets to improve interactions and increase adoption. Through WalletGuide and WalletConnect Certified, they...

Cryptocurrency

In this week's Crypto Chronicle, we explore the potential impact of Donald Trump's presidential victory on the crypto world, Elon Musk's massive $20 billion...

Cryptocurrency

Canary Capital's application for a spot HBAR ETF has surprised the crypto community as the firm expands its market presence with new crypto-focused funds....

Cryptocurrency

Italy is adjusting its cryptocurrency tax plans, opting for a more mild hike of 28% rather than the previously proposed 42%. This shift comes...

polkadot
Polkadot (DOT) $ 4.83 3.84%
bitcoin
Bitcoin (BTC) $ 88,272.65 1.88%
ethereum
Ethereum (ETH) $ 3,075.08 3.95%
cardano
Cardano (ADA) $ 0.594671 4.09%
xrp
XRP (XRP) $ 0.822171 18.14%
stellar
Stellar (XLM) $ 0.134413 9.60%
litecoin
Litecoin (LTC) $ 82.12 9.14%