Crypto-Powered Brave Browser Surpasses 20 Million Downloads

  • Brave browser, which rewards users in the BAT token, has surpassed 20 million downloads.
  • Brave browser users are not exposed to intrusive online ads and can choose to view ads while receiving BAT tokens in return.

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The adoption rate of the new Brave internet browser, which is set to pay users in crypto, appears to be growing steadily as it has now been downloaded over 20 million times.

As crypto enthusiasts know, the Brave browser is one of many newly developed online programs that intends to “fix the internet” by improving the user experience. Traditional web content monetization methods involve exposing website viewers to intrusive ads. In order to cover management costs, websites are often left with no choice but to display distracting ads as receiving payments for showing them is one of the only ways they are able to generate revenue.

However, the Brave browser has been experimenting with a different type of web content monetization method which involves compensating content creators and consumers with the browser’s native crypto, called the Basic Attention Token (BAT). The privacy-centric ad model is set to be rolled out to other browsers in the future.

Notably, the Brave browser appears to be becoming increasingly popular at a time when Google and Facebook’s privacy and user data policies have been heavily criticized. Large social media platforms have been involved in cases where they’ve been accused of selling user data in order to cover operational costs and earn massive profits.

Increasing Number Of Products Now Integrate Cryptocurrencies

Despite being a blockchain-based product, which have seen relatively low user adoption, Brave has managed to rank in the top 1% of all Android app store downloads. First introduced in March 2014, Brave browser’s average user rating is 4.3 - based on ratings given by approximately 81,500 users (on the Android app store).

Technology products such as Brave have attempted to use cryptocurrencies for a practical purpose. Other IT companies such as Samsung have also integrated crypto-related services into their product offerings such as the Galaxy S10 smartphone - as the mobile device comes with its own built-in digital asset wallet. Meanwhile, HTC launched the highly anticipated and first-ever blockchain smartphone. The gradual launch of these new crypto and blockchain-related products by companies developing solutions for mainstream users is arguably a sign of increased crypto adoption.

The developers of Brave claim their browser loads and functions about 8 times faster than Google Chrome, the world’s most widely-used browser. Brave’s creators attribute the improved performance to the browser being able to block online advertising and trackers.

Traditional Browsers Use Up To 70 Different User Behavior Trackers

By using the Brave browser users are able to browse the internet without advertisers knowing their location and surfing habits. While most traditional browsers ask users whether they want to share their location and other details, there are reportedly around 70 different trackers that are used by mainstream browsers - in order to obtain personal user information.

Meanwhile, Brave browser users have the option to view certain ads and also receive compensation in the form of BAT tokens (in exchange for viewing the ads). As explained by Brave’s developers:

Users who choose to see Brave Ads are presented with offers in the form of notifications as they browse the web, at a time that the browser finds appropriate and not disruptive. When users click to engage with these notifications, they’re presented with a full page ad in a private ad tab.

Chainlink (LINK) up Another 26%, Now Up 339% in 2020, Enters Top 10

Siamak Masnavi

According to data from CryptoCompare, at 01:00 UTC on Monday (July 13), the price of the Chainlink (LINK) token reach $8.396, setting a new all-time high (ATH) and helping LINK to enter the list of top 10 cryptoassets by market cap.

What Is Chainlink?

Here is how Binance Info describes Chainlink:

"Chainlink (LINK) is a decentralized network that provides information (oracles) to smart contracts.

"Founded in 2017 by Sergey Nazarov and Steve Ellis, Chainlink aims to solve the problem of off-chain information sourcing by smart contracts for their execution parameters. Smart contracts are designed to execute automatically when certain parameters are met, however, when these parameters exist off-chain there is a reliance on sources of information (known as oracles) to provide the necessary information. Off-chain oracles tend to be centralized and with it comes a reliance on a third party to provide critical information in a trustworthy and time critical manner.

"Chainlink aims to break this reliance by feeding information to smart contracts via a network of decentralized oracles that work together on the Link blockchain to verify and forward critical information to these contracts. The ChainLink network allows users who have either a data feed or information carrying APIs to easily provide information to smart-contracts in exchange for the LINK token."

Chainlink's Recent Price Action

Although the Chainlink token set a new ATH at 01:00 on July 13, since then the price has come down, and at the time of writing (06:26 UTC), LINK is trading at $7.732, up 26.26% in the past 24-hour period:

24 Hour CC Chart for LINK-USD on 13 July 2020.png

This means that in the past 90 days, LINK is up over 128% vs USD; even more impressive is that fact that since the crypto market meltdown on "Black Thursday" (March 12), LINK is up oveer 265%, and in the year-to-date (YTD) period, LINK's return on investment is around +339%.

Why Is Chainlink Performing So Well?

As usual, the reason for LINK's continued excellent performance in the market is the ever-growing list of partnerships (and other bullish news) announced by the Chainlink team, especially in the area of decentralized finance (DeFi). This is not surprising since many/most DeFi projects need real-time price data, and it is much safer to obtain this external data via a decentralied oracle network such as Chainlink than from just one source.

Here are projects that have announced integrations with Chainlink just in the past week:

Of course, it is impossible to predict where Chainlink's token will go from here (although Chainlink's most fervent fans would not be surprised at all if LINK crosses the $10 level before the end of this year), but it's easy to understand investors' optimism when the Chainlink keeps announcing at least 2-3 new partnerships almost every week.

What Crypto Analysts Are Saying About Chainlink

Popular crypto analyst/trader Josh Rager, who is also a Co-Founder of online crypto learning platform Blockroots, as well as an advisor to several blockchain startups, says that even Bitcoin maximalists should consider trading top performing altcoins such as LINK in order to increase their profits since Bitcoin has been trading in a very tight band for the past few weeks:

Another crypto analyst, Cole Garner, says that his technical analysis suggests that Chainlink might be about to go parabolic:

And finally, Scott Melker, a crypto trader at Texas West Capital, sounded the most bullish on Chainlink:

However, it is worth pointing out the extreme bullish market sentiment could be seen, from a contrarian point of view, as bearish for the near-term future of the Chainlink price.

Crypto-focused behavior analytics startup Santiment said earlier today: