MetaMask Snaps Gives Users More Insights into Crypto Transactions, Ensuring Security and User Consent

Wallet provider MetaMask has developed a new feature called MetaMask Snaps that aims to give users more transparency and control over their crypto transactions and interactions. With the rise of malicious actors attempting to steal users' assets, MetaMask Snaps focuses on security and user consent, ensuring that users are aware of each step of their journey across various chains and decentralized applications.

Enhancing Security through User Consent

Francesco Andreoli, the developer community head at ConsenSys, emphasized the importance of user consent in ensuring the security of MetaMask Snaps. He explained that the new feature is designed to provide full transparency on how each Snap interacts with the MetaMask wallet extension. Users can now see more data points, giving them insights into their transactions and enabling them to make more informed decisions.

One of the key elements of the update is the introduction of "transaction insights" to the allow list. This feature provides users with detailed information about what the extension does during each transaction. It helps users understand the process and identify any potential risks or malicious activities before approving any transactions.

Wallet Guard: Protecting Users from Malicious Transactions

During a keynote presentation, Andreoli showcased an example of how MetaMask Snaps can protect users from malicious transactions. He demonstrated a Snap called Wallet Guard, which provides users with information about the transaction before they sign and approve it. By displaying various data points, such as interactions with malicious contracts or specific interactions, MetaMask Snaps ensures that users are fully aware of the potential risks and can make informed decisions.

The emphasis on user consciousness and consent has been a top priority in the development of MetaMask Snaps. With this new feature, MetaMask aims to enhance the security and user experience of its wallet, providing users with the necessary tools to protect their assets.