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ConsenSys head of developer community Francesco Andreoli explained that users could get more transaction insights through MetaMask Snaps. As malicious actors continue their attempts to steal users’ crypto assets, wallet provider MetaMask has developed a way to give users more insights into the transactions and interactions within the application.  In an interview with Cointelegraph, Francesco Andreoli, developer community head at ConsenSys, spoke about ensuring that the recently released MetaMask Snaps is secure for users. The executive highlighted the importance of consent and ensuring that users know each step of their journey across various chains and decentralized applications (DApps). Andreoli at his keynote speech at Blockchain Economy Dubai. Source: Cointelegraph As a wallet containing various users’ crypto assets, the security of MetaMask Snaps could be a concern for users before trying out the new feature. However, Andreoli noted that user consent is one of its main priorit...

DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said. Russia’s largest bank Sberbank is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s Blockchain Lab product director Konstantin Klimenko announced, the local news agency Interfax reported on Feb. 3. Currently being tested in private beta, Sberbank’s upcoming DeFi platform will be fully open by the end of April, enabling users to conduct the first commercial transactions, Klimenko said. The exec noted that the blockchain platform will be compatible with the Ethereum blockchain, allowing customers to use major wallets like MetaMask to move their assets. Klimenko also noted that users will be able to transfer their assets from other platforms. The blockchain executive stated that Sberbank’...