MetaMask is tightening up security for its users through its tie-up with Blockaid, a security firm founded by alumni of Israel’s Unit 8200 cyber intelligence. Starting today, desktop users of MetaMask will be able to take advantage of the new feature by opting in under the MetaMask experimental setting and adding the Privacy Preserving Offline Module (PPOM). This feature will alert users if a transaction appears to be malicious, and the feature will debut on the MetaMask mobile app in November. PPOM eliminates the need to share every single transaction and signature request with external parties, and it is estimated that 10% of the existing decentralized applications (dApps ) are malicious. Blockaid and MetaMask anticipate that the new privacy-preserving security alerts will prevent the loss of assets worth at least billions of dollars when the feature becomes a default setting for MetaMask wallets. This is good news for the crypto ecosystem, as it is taking on one of the industry’s biggest problems. #MetaMask #Security #Crypto #Blockchain
You can read more about this topic here: Decrypt: MetaMask Launches New Security Alerts Feature With Blockaid
