Brave Browser Starts Rolling out Its Built-in BAT Tipping Feature

Francisco Memoria

The popular cryptocurrency-funded Brave browser has recently started rolling outs its built-in Basic Attention Token (BAT) tipping feature, a move that has been seeing social media users tip their favorite content creators.

The team behind the browser, devised by JavaScript creator Brendan Eich, has been working on the feature and with the launch of its new Chromium-based desktop browser it came. Currently, it’s only possible to tip publishers, although it’ll be possible to tip Reddit and Twitter users in the future.

On the BATProject subreddit, various users have been sharing who they sent their first tips to. Some sent their tokens to the Washington Post, while others decided to support Wikipedia. It’s worth noting Brave airdropped BAT tokens to those who installed its new desktop browser.

Brave is notably a privacy-oriented browser that has a built-in ad blocker, as well as a third-party tracker blocker. Its model is based on the BAT, which its users can use to reward publishers for their content, either through a fixed percentage of based on the attention they give them.

The browser has been gaining a lot of attention and with it, the BAT token has been quietly rising. According to CryptoCompare data, it rose from a $0.16 two-week low to about $0.26, before its price fell back down to its current $0.237.

BAT has been on the rise

Brave’s new version now fully supports Google Chrome extensions, and is reportedly 22% faster than the last one.

Growing Popularity

The Brave browser has been gaining a lot of popularity, so much so that it went from 4 million monthly active users in early September to 4.6 million in early October. As covered, the browser’s Android version has been downloaded over 10 million times the Google Play store.

Its popularity hasn’t just been growing because of its built-in tipping and ad blocking features, but also because of its privacy and potential rewards. The browser has built-in Tor support, which means users can easily browse privately, with trackers being automatically blocked.

Moreover, its Brave Rewards program has seen public trials get launched and will reportedly let users earn as much as $70 per year in BAT. Reportedly, users who choose to see ads will receive 70% of the revenue from ads “delivered directly to the user in a separate ad tab,” and 15% from ads that appear on websites, called “publisher ads.”

As CryptoGlobe covered, San Francisco-based cryptocurrency exchange Coinbase also recently revealed it’s considering adding several cryptoassets, one of them being BAT. One of those being considered, ZRX, has been listed.

Ethereum Co-Founder Tells Binance CEO Crypto Can Do More Than Reform Money

Ethereum co-founder Vitalik Buterin has told Binance CEO Changpeng Zhao that cryptocurrencies can do more than just “reform money,” adding the crypto community should expand beyond the finance mentality.

In a tweetstorm, the co-founder of the second-largest cryptocurrency by market capitalization argued that some of the most popular narratives in the cryptocurrency space do not apply to this year’s crisis. Per Buterin, while Bitcoin was created n the aftermath of a global financial crisis in 2008, this year we’re dealing with a “virus crisis,” a crisis related to epistemology, and one of “overbearing policing.”

As a result, he said, the narrative bitcoiners user surrounding inflation is not the best one to use right now, taking into account that while the Federal Reserve’s balance sheet has been growing, inflation isn’t.

Buterin added, pointing to the March crash in equity markets and in the cryptocurrency space, that Bitcoin and other cryptos are also not uncorrelated to traditional assets, as at the time both dropped significantly. While Bitcoin has since recovered to give investors positive returns YTD, the S&P 500 has been struggling to climb back up to its highs.

Nevertheless, Buterin argued that it is time for the cryptocurrency community to understand “finance is relatively less important this decade than it was in the last decade,” and adjust to this new reality. The co-founder of ETH added his cryptocurrency already has various applications that go beyond finance, including governance, decentralized communities, censorship-resistant publishing and communication, and more.

Per his words, stablecoins have succeeded in the space because users are not trying to get away from the U.S. dollar, but are instead moving into the cryptocurrency environment to have more options on what they can do with their own money.

He then pointed to a tweet from Binance CEO Changpeng Zhao arguing “Bitcoin is the peaceful protest,” and claimed that “reforming money is not sufficient” and the crypto community needs to expand its mentality.

Buterin went on to say that 2016-.2020 is a “period of ideological realignment. Many old ideologies and coalitions are dying, and many new ones being born. The hills and valleys on the battlefields are shifting.”

Featured image via Unsplash.