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Blockchain-Based Browser “Brave” Reaches 50M Active Users

12.01.2022 15:39
by Nina Petrov
3 min read
Brave: The Privacy Browser
Source: Brave.com

Brave, one of the safest browsers in the market, reached 50 million active users. It is considered to be a great event for this company, whose customer base grew more than three times in a short period of time.

This decentralized browser, based on blockchain technology, was launched in 2016. However, it began attracting more customer attention in 2019. That year, Brave’s had around 8 million monthly users. 

By spring 2020, more than 12 million people used the browser on a regular basis each month. Thus, growing to 50 million monthly active users by 2022 is considered to be a great success. Also, the number of daily users is growing, reaching up to 15 million.

The developers believe that Brave browser is setting standards for Web 3 Internet browsing.

Namely, the browser is famous for strict data privacy and strong security protocols. Its blockchain-based algorithm blocks any third parties that monitor online behaviour. It automatically disables any cookies, ads and trackers from sites like Facebook. 

Also, the browser enables customization. Optionally, it is possible to allow certain cookies, if the user wishes to do so.

Thus, the user’s digital footprint is minimized. Furthermore, the browser works faster, and reduces energy consumption, saving hours of battery life.

The Web 3 Browser: Issues and Solutions

On the other hand, a downside of Brave’s rigorous system is that content creators can’t earn from ads anymore. However, the team behind Brave is well aware of the issue. The developers stated that they are working on an alternative approach. 

They announced new features that would enable users to anonymously donate crypto to creators whose content they are enjoying. For such purposes, the Brave browser has a built-in crypto wallet. 

Since it doesn’t function as an extension or plug-in, the wallet is resilient to hacking and phishing.

Brave Waller screenshot
Source: Brave.com

Additionally, while browsing and seeing ads, the users will also be able to earn crypto for their time and attention. The browser will be paying users in BATs (Basic Attention Tokens), which are ERC20 assets. 

This convenience sounds good to Brave’s users especially because the value of BATs grew more than five times in 2021. At the time of the press, it trades for $1.08. Moreover, it is possible to trade these tokens on all major exchanges.

The team behind Brave believes that their customer-centred approach is revolutionary, and changes the way we think about the Internet forever.

Author

  • Nina Petrov is a theoretical mathematician, passionate about new trends in the global economy and blockchain technology. She is a devoted content creator and editor, crypto-enthusiast and stock market analyst.

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