Key Takeaways:
- Metamask has announced Transaction (tx) Insight to provide more transparency into transaction details.
- MetaMask’s Transaction Insight feature appears in the middle of a transaction or your transaction history.
- It decodes transaction data, which is frequently transmitted in the form of a blob of code.
One of the main promises of blockchain technology, which provides an entirely auditable and legitimate ledger of transactions, is to enable information transparency. Blockchain is essentially a transparency mechanism in which anyone may join the network and, as a result, see all of the data on it.
MetaMask released the new Transaction (tx) Insight on their official Twitter account, which will bring additional transparency into your tx’s data, ensure users are dealing with the correct contract, and more!
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Metamask is a software cryptocurrency wallet that allows users to store and manage account keys, broadcast transactions, send and receive Ethereum-based cryptocurrencies and tokens, and securely connect to decentralized applications using a compatible web browser or the built-in browser of the mobile app.
Transaction Insight is a MetaMask feature that shows your transaction history in the middle of a transaction. It decodes transaction data, often sent as a blob of code.
By selecting the ‘DATA’ tab in Transaction Insight, this feature helps you to decode that blob into a number of fields.
You’re given a lot greater knowledge of your transaction’s details right away.
Keep in mind that some of the numbers in this first edition of Transaction Insight are at maximum accuracy, so don’t be fooled by the number of zeros. This will be clarified in future releases.
Furthermore, you now have a set of tools to assist you in ensuring that you are engaging with the correct contract.
For example, addresses involved in the transaction will be displayed in their regular format, but you may click on them to give them a nickname so that you can be sure you’re dealing with the right person in the future.
