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.

author avatar
Contributor
We welcome Aspiring writers who are passionate about crypto and involved in it to join the Unbiased and Upright 4C Media Co. with a goal to spread knowledge and be a reliable source of crypto news updates.
Advertisement

You May Also Like

Cryptocurrency

This week in crypto: U.S. lifts the travel ban on Venezuela and the crypto trademark. Historic stablecoin measure passes in Senate; Thailand launches five-year...

Cryptocurrency

Elon Musk’s platform X (formerly Twitter) is set to roll out built-in payment and investment features by 2025, turning it into a full-fledged financial...

Cryptocurrency

A record-breaking data breach has exposed 16 billion passwords from Apple, Google, and Facebook. Experts warn that this massive leak poses a severe threat...

Alpha Zone

Private-focused investors in cryptocurrencies need new alternatives after Monero (XMR), Zcash (ZEC), and Dash (DASH) are being purged from major exchanges. The following three...

polkadot
Polkadot (DOT) $ 3.35 1.53%
bitcoin
Bitcoin (BTC) $ 107,828.00 0.05%
ethereum
Ethereum (ETH) $ 2,450.98 0.80%
cardano
Cardano (ADA) $ 0.561753 1.66%
xrp
XRP (XRP) $ 2.14 2.58%
stellar
Stellar (XLM) $ 0.238123 1.96%
litecoin
Litecoin (LTC) $ 85.38 0.61%