Metamask update: why it changes everything for your cryptos and NFTs

You should never sign before you see the devil – Not a week goes by that we don’t hear about the To hack of a platform, a discord server or any project. Often, these hacks have one thing in common: a user who clicks on a link or validates and signs a transaction without even reading it. Metamask is updating its app to help you.

The fox wallet plays it safe

Metamaskwhich is today one of the best known web wallets, and certainly the most used, can’t block transactions for you. But he can alerter on the fact that what you are about to see could possibly represent a very high risk.

The NFT are in 2022 what the Challenge was in 2021. The word is everywhere, every day millions of dollars are exchanged for small images, beautiful or ugly, expensive or not. And every day, millions of dollars are stolen via security vulnerabilities or fraudulent projects, to which the user has given rights without even knowing it.

Metamaskwhich is mainly used to validate these transactions, has therefore decided to focus on prevention, but to help users not to validate what could be dangerous.

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An update to raise awareness, but it’s up to you to be careful

This is why now transactions of type ” Set approval for all “, which can be translated as “Give approval for all” are marked in bold so that the information makes ” inclination in the user’s head.

Metamask’s new validation can’t be missed – Twitter

Indeed, with this type of approval, you authorize the smart contract which requests access, to come and use in your wallet. Either immediately or when it feels like it, because the majority of users don’t revoke data permissions.

So certainly, this update will not prevent your wallet from being siphoned off, but the fact that your attention is provided, and above all that you will be able to understand what rights you are going to assign is a real step forward towards security.
Metamask initiates the process, will indicate that others will follow, and that wallets and platforms will continue to evolve in this direction so that you, we, are aware of what we risk by accepting a transaction.

Security is important, and unfortunately it is often taken lightly. The best way to protect yourself of a flight or a scam is to be trained and informed. The more the user masters what he does, validates, uses, the lower the risks.

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