Metamask has been the first browser in the list of Ethereum browsers that recently started to inject Web3 into its system – mainly after a recently-uncovered privacy issue that triggered additional security for the wallets within the Ethereum ecosystem.
The news was first published by Paul Bouchon in a Medium blog post.
As a popular Ethereum wallet and dApp browser, Metamask lets users visit the distributed web and navigate the dApp towards the blockchain, as well as help in accessing user account addresses and proposing transactions.
However, the recent privacy exposure showed that malicious sites can scan the injected objects and track Ethereum users even with the extension being locked. This attack is known as “fingerprinting” in the crypto scams verbiage – and a method which makes users vulnerable to a variety of attacks.
Aside from this practice, many users have been victims of phishing campaigns which mimic the browser interface and trigger them to enter their user and password. Once the extension unlocks, the players can also see the victim’s Ethereum address from which they can gain access to all of his private information (transaction history, balance and other information).
The dApp browsers such as MetaMask, imToken, Status and Mist will all require new updates to their existing dApps so that this new privacy measure is properly addressed. Users, on the other hand, will start seeing more “login” buttons on dApps and will be able to deny blockchain access for the websites that they consider untrustworthy.
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"We let the market drive the expansion and selection of the network incrementally. We are really feeling excited that we are on a roll to build something new and revolutionary that's really going to change the landscape of cross-border payments."The reports also show that the Blockchain World Wire provides support for about 50 currencies currently, for payments in about 72 countries around the world. This method makes possible for taking out the intermediary between legacy bank settlement systems with the help of the XLM token because of its immutability and its efficiency as a decent settlement instrument between institutional players. Lund further emphasized in an interview about IBM’s issuance of the settlement asset:
“Our view for stablecoins is really that they should be more broadly accessible and what World Wire seeks to do is to provide fungibility of digital assets across financial institutions.”
Korean IT Conglomerate Kakao Integrates Crypto Wallet For 44 Million Local Users
“Following the integration of Blockchain Keystore on Samsung, the integration of a crypto wallet by Kakao, which is used by the majority of messaging app users in the nation, is expected to expand blockchain services and usage.”Kakao is estimated to have raised about $90 million for its blockchain network Klatyn development and the integration of the crypto wallet is another way to expand and introduce the network to the public. The executives from the industry said that Kakao Talk will be ‘’used as a crypto wallet’’ and will enable users to run multiple blockchain applications but to also send, receive and store cryptocurrencies. One of the executives said:
“Kakao needs a cryptocurrency wallet for users of Klaytn and the best way to roll out the service is to integrate a crypto wallet into KakaoTalk, which over 80 percent of the population of South Korea use to communicate.’’Issuing a public promotion by Kakao is really important for further mainstream adoption. With Samsung and Kakao issuing their own wallets, Korea is among the top countries that will easily make a DLT disruption. If Kakao moves ahead with its plans to integrate the crypto wallet in a messaging app that nearly 10 million users use it in South Korea alone, the most used device in Samsung Galaxy S10 and the messaging app will have native support for crypto. There still hasn’t been an official confirmation from any representative at KakaoTalk. Currently, the sentiment for launching a crypto wallet by Kakao is positive and local investors show optimism for initiatives of this kind that will hopefully lead the country to be the leader of blockchain and crypto development.
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- Ledger Nano S Wallet Receives First Level Security Certificate From French ANSSI
- The Recently Hacked Cryptopia Exchange Will Resume Trading By The End Of March
- IBM’s Now-Live Blockchain Network Wanted By Six International Banks
- Korean IT Conglomerate Kakao Integrates Crypto Wallet For 44 Million Local Users
- Most Cryptocurrencies Report Slight Losses, Bitcoin Cash Grows Continuously
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