Metamask update: why everything changes for your cryptocurrencies and NFTs

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

The Fox wallet is on the safe side

Metamaskwhich is today one of the best known web wallets, and certainly the most used, unable to block transactions for you. But she can to warn that what you are about to approve can potentially pose a very big risk.

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

Metamaskwhich mainly serves to validate these transactions, has therefore decided to bet on prevention, with the aim of helping 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

That’s why now “type transactions” Set approval for everyone “, which can be translated as” Give approval to all “are marked in bold so that the information renders” inclination in the user’s head.

Can’t miss the new validation of Metamask – Twitter

In fact, with this type of approval, you authorize the smart contract that requires access, to come and use in your wallet. Either immediately or whenever they feel like it, because most users don’t revoke the permissions granted.

So obviously this update won’t stop your wallet from being devoured, but the fact that your attention is drawn, and more importantly, that you can figure out what rights you are about to assign, is a real step towards security.
Metamask starts the process, hopes that others will follow it and that wallets and platforms continue to evolve in this direction so that you, we, are aware of what we risk by accepting a transaction.

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

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