Crypto-Powered Brave Browser Surpasses 10 Million Downloads on Google Play

  • The Brave browser has now been downloaded over 10 million times from Google's Play Store.
  • Brave Software Inc.'s Brave browser supports the Basic Attention Token (BAT) payment system.
  • Reportedly only 25% of Brave browser users are actually using the BAT payment network, which aims to allow content consumers directly pay content creators. 

The Brave browser, an open-source internet browser created by Brave Software Inc., has now been downloaded over 10 million times from Google’s Play Store. Notably, this could mean there has been a significant increase in the number of people using the privacy-oriented web browser, as it reportedly only had 3.1 million active users in July.

In April, there were about 2.2 million users who had installed the Brave browser, while its Android version was ranked among the top 10 “Free Communication Apps” on Google’s Play Store in more than 20 different countries, including the US and Canada.

Built-In Crypto Wallet

The increased adoption of the Brave browser, which was developed using the C, C++, and JavaScript programming languages, may be considered a positive development for the crypto community. That’s because Brave browser’s Windows, macOS, and Linux versions currently support Basic Attention Tokens’ (BAT) payment system.

BAT is an open-source, decentralized ad exchange platform which was developed on the Ethereum network. Brave browser users will be able to regularly receive Basic Attention Tokens as the cryptocurrency is set to be sent to their wallets each month for viewing ads. These crypto wallets have been integrated (or built-in) into all versions of the Brave browser, except the Android and iOS version. 

Eliminating Intrusive Online Ads, Third-Party Publishers

Moreover, the developers of BAT and the Brave browser aim to change (or replace) the current system of monetizing content published by websites. Instead of compensating content creators with payments received via intrusive online advertisements, a certain amount of the content consumers’ BAT is paid to websites, Twitch streamers, and YouTube channel operators.

A payment in BAT is sent each month to content producers and the amount of cryptocurrency they receive depends on how much time users spend reading or watching their content. This type of crypto payment system lets consumers directly pay content creators, in order to eliminate the high fees charged by third-party online publishers.

Despite introducing a crypto-based compensation model that might appeal to both content creators and consumers, the vast majority of users are still using more popular web browsers like Google Chrome, Firefox, and Opera. Moreover, only about 1 out every 4 Brave browser users, or 25%, is said to actually be using the BAT payment system.

Negative Reviews

Brave Software’s browser has also received many negative reviews on mobile as one user named Adrián Iriarte recently wrote a complaint stating that the browser’s design must be improved. Iriarte criticized the tech company for basically just copying Google Chrome’s user interface (UI).

He added the Brave browser still lacks important features such as a password saver and has no synchronization or other standard options like dark mode. Meanwhile, another user, Hayden Toby, claimed that the Brave browser app was “very invasive.” Toby also commented the browser’s app “keeps insisting to be installed though already installed.”

Notably, Brave Software is not the only company trying to develop and market crypto-related browsers and services. As CryptoGlobe reported in July, Opera launched a mobile browser for Android with a built-in cryptocurrency wallet and support for decentralized apps (DApps). Opera also recently introduced a built-in crypto wallet for its desktop browser.

Derivatives Trading Platform Synthetix (SNX) Is up Over 5,000% Since 2019

Michael LaVere
  • Derivatives trading platform Synthetix is the best performing DeFi product since April 2019.
  • Synthetix's native token SNX has appreciated more than 5000 percent over the last two years. 

The little-known crypto-asset Synthetix (SNX) is the best performing decentralized finance (DeFi) project of the past two years. 

According to a tweet published by popular crypto analyst Alex Saunders, SNX has been the best performing DeFi asset since April 2019. Saunders claims that Synthetix has appreciated 5000% over the past two years and was one of the top two ETH-based projects he has been following since Edcon Sydney 2019. 

SNX’s price took off in June, from $0.79 at the start of the month to its current trading price of $2.73, representing a 245% increase. 

Synthetix is a derivatives trading platform built on the ethereum blockchain that allows users to trade on stocks, crypto and other commodities. Users are required to exchange bitcoin or ethereum for SNX tokens in order to participate in trading. 

The exchange’s native token can be locked as collateral to produce “synths” such as a synthetic U.S. dollar (sUSD), which in turn can be used to place bets on rising and falling asset prices. 

Synthetix also operates a reward program, where users of the exchange can stake their SNX tokens as collateral in order to receive additional benefits.

Featured Image Credit: Photo via Pixabay.com