Sunday, September 25, 2022

The Brave Browser as a Gateway to Web3 and the Metaverse

Brave browser

Nowadays, privacy is considered one of the leading issues in the internet’s structure, as web2 has been developed to accommodate some of the most prominent companies in the tech industry, with Google, Facebook, and Amazon leading the way and monopolizing and obtaining most data traffic. And that’s where Brave browser enters the equation. 

This article will discuss the underdog in an arena of giants that seems to have the right idea. Here is what you need to know about the Brave Browser and how it can be a gateway to wider web3 adoption.

How Big is Brave?

As of February last year, the browser had over 25 million active monthly users, according to Brave. The business emphasized that throughout the previous 12 months, that number had more than doubled. 

But overall, considering how many people use search engines daily, 25 million is a drop in the ocean.

A Bit About the Brave Browser 

The Brave browser follows a unique business model. The browser removes adverts from websites, swaps them out for its own, and then enables users to donate money to their favorite websites.

Publishers that relied on internet advertising for a living quickly criticized the technique, which involves removing all of the advertisements from every site before replacing them with new ones. Lawyers for 17 newspaper publishers sent a cease-and-desist letter to Brave Software in April 2016 saying, likening their business model to content thievery.

Nevertheless, here the browser stands, the most popular of all small alternative browsers. 

Users of the browser may access websites, utilize web applications, and view online material using the more-or-less common browser Brave. It is similar to other browsers in that it is free to download and use, saves site login information, and has ad-blocking capabilities.

The Brave browser is built on Chromium, Google’s Chrome source code, an open-source project that Google and others maintain and built on top of it. Powered by the same back-end components as Chrome, this means that Chrome Extensions work on Brave Browser as well, along with other browsers such as Edge, Opera, Vivaldi, and Qihoo 360. Brave also uses WebKit, an open-source foundation that also runs Apple’s Safari browser on iOS.

While the Brave browser isn’t exactly encrypted, it does utilize encryption tools like the HTTPS Everywhere list, allowing it to switch communications from plain-text HTTP to HTTPS whenever practical. This method makes sure users can access the more secure version of a web page.

Seeing as your gateway to web3 is through a wallet, security is at the very top of the priority list.

In race for web3, tech giants are not sitting idle, with many companies hiring web3 developers of their own to jump ahead in the race.

How the Brave Browser can help you Access Web3

Yes, Brave maintains several aspects of web3 and supports crypto wallets and Decentralize Finance (DeFi) protocols.

The company describes in their whitepaper how they intend to build out a Blockchain-based digital advertising system in which users can tip their desired creators and websites via a cryptocurrency maintained by brave.

Its called Basic Attention Token (BAT), and it is given to users in exchange for their well, basic attention. The Brave Browser’s take on DeFi and Web3-based business is to pay the user for their attention. This would, in turn, recirculate the funds back to creators and website owners rather than a centralized corporate entity. 

The Brave browser may very well be among the earliest iteration of a truly Web3-based application. Much like its predecessor, Web2, Web3 must be built on a digital infrastructure we already know and are familiar with if they are to see mass onboarding and wider adoption.