599
views

A Beginner’s Guide to Understanding Brave Browser and BAT

Brave browser is built to give users the long-overdue better internet experience by ensuring fast, private, and secure browsing. It blocks ads and trackers and rewards users to view privacy-respecting ads using their Brave Rewards feature.

Brave uses Basic Attention Token (BAT) as an in-house crypto token to connect and reward users, publishers, and advertisers on its platform.

BAT is an Ethereum blockchain-based or decentralized platform transforming digital advertising into a transparent ads exchange medium. Through BAT token, users, publishers, and advertisers on the Brave browser can connect directly in a decentralized manner and be rewarded for their effort.

By blocking annoying ads and background trackers that you aren’t even aware of while browsing, Brave ensures you can safely surf the internet at warp speeds. It is faster than popular browsers, including Chrome, Firefox Safari, and Badu, and is available for PC and mobile phones.

Brave was launched in 2015 by Founder and CEO Brian Brendan Eich, the former CEO at Mozilla and creator of JavaScript, co-developer, and CTO Brian Bondy. The developer team also includes Security and Privacy expert Yan Zhu and BAT smart contracts and economics expert Scott Lockin.

Eliminating the Digital Marketing Middlemen, the Blockchain Way

There is no fraud, no tracking, and no third parties with Brave digital advertising. In Fact, it has been referred to in the past as the next generation smart browser that rewards users and enhances their experience while at the same time taking down the menace that is the current digital advertising industry.

Digital advertising has taken over the world, with over 30% of the world’s population having an online presence on more than two platforms. Social media platforms are bombarded with ads, making it a nuisance for users, a nightmare for publishers, and a hit or miss affair for advertisers.

Today, the reality of using centralized servers is that the privacy, resources, and even the dignity of users are abused on the internet. On the other hand, content publishers are overwhelmed, while advertisers can’t be sure they will get quality for their money.

While both advertisers and publishers benefit when a user watches an advertisement, the user rarely gets anything out of it. Most of the time, even if indirectly, it actually costs the user to watch an ad.

The exploitation goes even further, with publishers collecting users’ data and using or selling it, without the user’s consent, to produce more personalized ads to target them and predict consumer trends. This represents a major violation of user privacy and personal information.

Get Value for Your Attention with Brave

Blockchain technology is looking to transform every industry for the better. Despite the current digital revolution, many industries are using archaic models and need a better digital transformation.

Basic Attention Token helps users to monetize their attention while watching advertisements. This way, everyone gets paid; users choose to watch ads, advertisers get more honest feedback, and publishers are motivated to produce quality content.

All this magic happens inside Brave, where privacy and safety are paramount. Instead of being bombarded with unwanted advertisements, users are free to choose what ads they want to watch and get paid after doing so.

In regions where Brave Ads are available, users get Brave Rewards for viewing ads. They can also make extra money by choosing to view Brave native ads. Referrals also earn extra BAT if they refer Brave to people who download, install, and use it for a month or more.

Content publishers get tipped when they join the Brave publisher program. Users can also tip or send a monthly contribution to their favorite content publishers.

Brave creator estimated by 2020, users would earn more than $200 a year from viewing ads. 70% of revenue generated from ads goes to users, while Brave takes only 30%.

BAT tokens can be used to support content creators or be transferred and converted into fiat or other digital currencies through Uphold.

Brave Is Open Source, User-Friendly, and Streamlined For Optimal User Experience

Chrome lovers will especially love the Brave browser, as it is based on chromium, just like chrome. If not for a few website compatibility preferences, the Brave browser offers a great browsing experience.

Chromium is part of the chromium open source projects on which Google chrome and Google Chrome OS are based on. It is built to provide a much more stable, safer, and faster browsing experience for its users.

The brave ad-block feature helps users save on their data plan, time, and money by constantly blocking ads that slow down the connection and serve spamming and unwanted advertisements.

Its modern, streamlined interface is easy to use and facilitates a smooth transition from other browsers. Users can choose to import cookies, bookmarks, and other details during installation.

Apart from a few websites that prefer specific browsers for compatibility reasons, Brave can easily be any user’s default web browser for that fast, safe, and private browsing experience.

How to Buy and Store BAT

BAT is listed on more than ten crypto exchanges, including prominent exchanges like Binance, Binance US, Coinbase Pro, Shapeshift, Huobi, Kraken, Bithumb, and Bitfinex.

You can opt to buy BAT using fiat currency on exchanges like Kraken. The process is rather lengthy, but you can buy BAT with USD. Alternatively, you can buy another cryptocurrency with fiat money and exchange it for BAT.

After buying BAT from an exchange, it is safer to move into a private wallet rather than leave them on the crypto exchange, unless you’re planning to trade soon. Even though they are based on blockchain technology, exchanges use a centralized operation mode, which is more susceptible to hacking and puts your tokens at a greater risk.

Therefore, the best way to store your BAT is to use a private hot or cold wallet. The brave browser offers users their own hot storage wallet, Crypto Wallet, which stores various cryptocurrencies, including BAT and ETH.

Closing Remarks

In conclusion, it is important to note that while the Brave Browser is available worldwide, Brave rewards are currently only available in the U.S., Canada, UK, and France. However, the Brave team promises to avail Brave ads and rewards in other geographical locations as well.

Subscribing to BAT is completely optional, and users can still use their Brave wallets to store other cryptocurrencies once Uphold verified them.

Bitcoin live price
Btc
Bitcoin
$29.620
price
1.31494%
price change
BUY NOW

Featured image courtesy of Shutterstock.

Stay up to date with our latest articles

More posts

Volt Inu (VOLT) – Providing Passive Rewards for an Entire Army of Users

Volt Inu (VOLT) is a hyper-deflationary token seeking to help users diversify their investments across several asset types. Its goal is to build a loyal community, the VOLTARMY, whose members will have access to a growing ecosystem of assets and products, including NFTs, reflections, merchandise, and a P2E game. The meme-coin trend produced several projects with varying degrees of success and popularity in recent years. For instance, some coins like Shiba Inu made it into the top-10 cryptos by market…

HyperEarn – Encouraging an Active Lifestyle through Blockchain Technology

You'll be able to enter the latest trendy movement, "Move2Earn," using the HyperEarn token. There are many ways to get money with HyperEarn. You may run or sleep or even watch advertising to collect rewards.  With this quick introduction on our minds, let's get right into the core of today's review. We will treat HyperEarn neutrally in the article, and we urge you to do your own research before investing. A Closer Look into HyperEarn’s Ecosystem The HyperEarn platform relies…

Viubank: Earn Interest with Highest Crypto APY Through Fixed Deposit Receipt

An innovative new financial service called Viubank offers customers a way to earn interest on their long-term savings accounts. The concept depends on the cooperation with ELG bank, which brings together traditional and crypto-based financial expertise. About ViuBank Viubank is an innovative banking initiative promising simple access to fixed deposits that pay set interest rates. Depending on your preference, you can get daily, weekly, or monthly benefits. Thanks to its Vanuatu banking license, every depositor can open an account on…

RodeoCoin – Supporting the Western Lifestyle through Crypto

RodeoCoin is a hyper-deflationary token running on Binance Smart Chain seeking to reward its active users with BUSD reflection rewards. The project’s ultimate goal is to build a Community Wallet supporting the western lifestyle and community-oriented initiatives, including promoting talents in art, sports, and music. This short RodeoCoin review looks closely at one of the most recent projects to surface in the market. Read on to discover its features, tokenomics, and roadmap! What is RodeoCoin? RodeoCoin evolved from a group…

Shazu – Channeling the Ninja Abilities within NFT Collectors and Crypto Enthusiasts

Shazu is a community-driven project featuring a deflationary token, SHAZU, and a collection of unique Ninja NFTs. Its goal is to help users increase their financial freedom through reflection rewards, staking opportunities, and digital collectibles. This short Shazu review looks closely at one of the latest projects to surface in the cryptosphere. What is Shazu? Shazu is a project seeking to grow through its community while rewarding its members at the same time. It features a deflationary token on the…

WinWinCoins Will Make Crypto Trading More Accessible for Everyone

WinWinCoins is an innovative blockchain project providing a next-gen AI robot trading solution to help investors increase their profits. Its goal is to build an advanced, democratic platform easily accessible to everyone. This way, even newbie traders with little market knowledge can have a positive experience in cryptocurrencies. The WinWinCoins team believes it can accelerate crypto adoption by providing legitimate trading tools available to everyone. To this end, its trading bot could help eliminate losses and increase access to profitable…

SafeSwap Deploys on the Polygon Network to Allow the Farming and Staking of SSGTX

SafeSwap, a decentralized crypto exchange platform, has recently deployed on Polygon, previously known as the Matic Network, a scaling solution for public blockchain networks.   The integration of the Polygon chain by SafeSwap aims to revolutionize the DeFi industry by allowing the farming and staking of SafeSwap's token, SSGTX. The partnership enables users to exchange information without losing ownership or control in the staking and trading industry.  The main objective of SafeSwap is to empower traders and liquidity providers with an easy-to-access financial…

API Inu – A Blockchain Service Suite Joining the Meme Coin Hype

The meme coin hype is leading to the creation of more creative projects revolving around this type of cryptocurrency. In this context, API Inu is one of the latest examples, with a combination of blockchain data services and a meme token. Using TradingView's professional charting libraries, the project wants to provide simple indicators for beginner traders. Furthermore, the team wants its community to enjoy access to essential data like liquidity, trading volume, risk exposure, and fear vs. greed indicators.  API…

Ragdoll Cat NFT – A New Decentralized Project to Help Cats in Need

As the blockchain market grows, we learn more and more about how this technology can influence our daily lives. Ragdoll Cat NFT is a new project that puts together the interest for crypto, decentralized communities, and cats. In the following sections, we wish to report, in a neutral way, all the main features of this new initiative. After describing the ecosystem designed by the team, we’ll include some of the future developments that we should expect from the project. About…

Tiny Colony Review – The First-Ever Expansive Pixelated Tinyverse

Tiny Colony is a pixelated ecosystem of games, events, and experiences built on Solana that allows users to play without requiring NFTs. It features the first-ever construction and management blockchain game and benefits from the backing of iLogos, the prominent developers of Angry Birds 2, and regular partners of Disney, Ubisoft, EA, Rovio, and DreamWorks. The project is currently in full swing after striking partnerships with Fractal Marketplace, Twitch creator Justin Kan, and popular YouTuber iJustine. Furthermore, the game raised…