Ethereum browser Metamask releases its new version with ‘Privacy Mode’

Metamask recently made an announcement regarding the launch of the updated version of the Ethereum browser, Metamask  5.0. The main feature of this version includes a privacy mode, through which the dApps will be prompted to seek permission to view a user’s account address.
Tweet by Metamask:
“Today we’re rolling out our new Privacy Mode! At first, it is opt-in, but early next week we plan to make this the new default!”
The main function of Metamask is to help the users interact with all the Ethereum based websites. A JavaScript object name ‘Ethreum Provider’ is added to all the websites the user visits. Ethereum Provider lets the website perform various actions such as propose Ethereum transactions, ask for your signature, query the blockchain, etc.
According to Metamask, the above-mentioned features are not ideal for the privacy of its users. This will also expose the Ethereum address of the user to the public, through which anybody can gain access to the account balance, transaction history etc.
The new feature introduced by Metamask provides improved privacy settings across the Ethereum ecosystem. This update is based on Ethereum’s EIP 1102 [Extended Internet Protocol]. Once the Privacy mode is enabled, all the websites will be forced to seek permission through a popup displayed on the screen.
All the dApps developers are advised to follow the instructions provided by Metamask to stay compatible with the privacy mode. However, this enhancement makes the user’s life easier.
Also, the dApps which are not EIP 1102 complaint will not be working as expected. In this scenario, users must turn off the privacy setting option for better performance of the site.
A blockchain enthusiast on Twitter says:
“Foxxy as hell.”
The Metamask team mentioned:
“Privacy Mode will eventually be the default experience for all MetaMask users.”
The post Ethereum browser Metamask releases its new version with ‘Privacy Mode’ appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Developments Aplenty at Devcon4, Ethereum 2.0 Among Them

Amid a declining market, one of the crypto industry’s foremost events recently flew under the radar of many investors. The event, Devcon4, an Ethereum-centric event attended by some of this industry’s best and brightest, highlighted the fact that while the market is tanking, crypto’s fundamentals are booming beyond belief.
Among the multitude of developments announced at the ongoing Devcon4, which is hosted in Prague — a crypto-friendly city in and of itself — some stood out more than others, including the premiere of MetaMask’s mobile client, an update on the second phase of Ethereum’s long-awaited roadmap, and an ever so silly singalong with Vitalik Buterin himself.
ConsenSys-Backed MetaMask Reveals Mobile Application, Ethereum To Go Mobile
Since its inception, the Ethereum Network, with all of its out-of-this-world decentralized applications (dApps), blockchain-based tokens, and smart contracts, has often been seen as an abstract entity by many consumers. However, consumers haven’t been left in the dark, as MetaMask’s internet browser plugin, one of the first applications built solely for the Ethereum blockchain, was and still is a viable way for users to interact with Ethereum’s vast ecosystem.
While MetaMask has eased the qualms of many perplexed users, there has been a gaping hole in the hearts of the mobile subset of Ethereum users, who have had little opportunity to interact with the blockchain ecosystem through their mobile devices.
This changed on Wednesday, however, as Joseph Lubin, a Canadian technology entrepreneur and co-founder of the Ethereum project, took to Twitter to express his excitement for a development update from the dedicated MetaMask team. Lubin, who currently resides over ConsenSys, the so-called “Google” of the blockchain world, wrote:

The @metamask_io mobile app was just announced at #Devcon4! Everyone's favorite #Ethereum browser extension is coming to your phone. The team is focusing on not being 'just a wallet', but a portal to the world of all things #blockchain. https://t.co/3bvQXuF8gV pic.twitter.com/vcaIkkzcVS
— Joseph Lubin (@ethereumJoseph) October 31, 2018

Although this announcement accentuates the fact that MetaMask is poised to release a mobile client, which will allow smartphone users to hold Ether and ERC tokens, and to interact with dApps and smart contracts, a timeline was seemingly left undisclosed.
Vitalik Buterin Goes Serene — Unveils “Serenity”
After months of anticipation, on Wednesday, Vitalik Buterin, the de-facto face of the Ethereum Network, took to Devcon4’s stage to convey a keynote in front of a sold-out crowd. While many didn’t expect it, Buterin, who plays a role as Ethereum’s champion and figurehead, cut out some time to highlight Ethereum’s long-standing scaling debate.
Like Bitcoin, Ethereum is currently backed by a Proof of Work (PoW) consensus protocol, which allows miners to allocate their computational resources to validate and secure transactions on a decentralized network, albeit at a sluggish pace.
However, unlike Bitcoin, due to PoW’s relative inefficiencies and the rise of ASIC centralization, the Ethereum Core development team has sought to move away from the network’s original consensus mechanism. Ethereum’s first step towards abolishing PoW has seemingly taken the form of the so-called “Serenity Protocol,” which, as explained by Buterin, is a hybrid between PoW and Proof of Stake (PoS), the former’s metaphorical estranged cousin.
As noted out by Tim Copeland of Decrypt Media, who is in attendance at Devcon, Buterin was quoted as saying:
“Serenity is the world computer as it’s really meant to be. Not a smart phone from 1999 that can process 15 transactions per second and maybe, potentially play Snake.”
Per Buterin, through the use of PoS, a brand spanking new blockchain, and a three-part roll-out, Serenity may eventually facilitate “pure PoS consensus, faster times to synchronous confirmation (8-16 seconds), economic finality (10-20 minutes),” and, arguably most importantly, a 1,000x scalability upside, which should fix all of Ethereum’s current scaling shortcomings.
“B-U-I-D-L”
Closing off one of Devcon4’s last keynotes of the day, Buterin joined hands with a number of prominent Ethereum community members and Jonathan Mann, an internet-famous songwriter, to inject a bit of fun into the conference crowd, who had likely undergone a caffeine crash after a long day of friendly discourse, discussion, and development.

Today we learned @VitalikButerin is a backup singer! #Devcon pic.twitter.com/NtDR3sovqN
— MyCrypto.com (@MyCrypto) October 31, 2018

The song, which was sung by Mann, Buterin, and those in the auditorium, jokingly highlighted Ethereum’s “failed ideas” and a short recap of the project’s tumultuous history. While the topics the song covered may sound like a drag, Mann closed off his piece of art with a sing-a-long, beckoning the Devcon4 audience to sing “B-U-I. B-U-I. B-U-I-D-L” along with other silly, but fun crypto cliches.
It is important to note that while the sell out conference’s first day was filled to the brim with exciting announcements, the event is far from over, with there being two jam-packed days left for Devcon attendees to shout from the rooftops that crypto is here, and is here to stay.
As put by Lubin, the aforementioned founder of ConsenSys, in a recent “First On CNBC” interview:
“Digital currencies are not on the edge of collapse. We’ve seen lots of booms and busts in our ecosystem over the last 10 years and it has never been stronger than it is now. I measure that in terms of the number of projects, people, entrepreneurs, and developers  [involved in this space.] It is orders of magnitudes bigger than it was and the foundational infrastructure is getting built out.”
 
The post Crypto Developments Aplenty at Devcon4, Ethereum 2.0 Among Them appeared first on NewsBTC.
Source: New feedNewsBTC.com

333ETH Blacklisted By MetaMask As Potentially Active Scam

The most active Ethereum dApp, 333ETH has been blacklisted by MetaMask as being an active scam, calling to question the integrity of 333ETH and highlighting inherent security problems within the way Ethereum allows dApps to work on the Ethereum blockchain.
Or, perhaps MetaMask are being overly cautious?
What is 333ETH?
According to The Next Web, 333ETH is currently the most popular dApp on the entire Ethereum blockchain.
Continue reading 333ETH Blacklisted By MetaMask As Potentially Active Scam at Crypto Daily™.
Source: Crypto Daily