Brave 2.0 to Introduce Native Ethereum Wallet and Add DEX

Brave, the privacy-protecting browser, has unveiled the specifications for version 2.0 of its open-source, crypto-powered web browser. 

Replacing The Old with The New

In a recent official press release, the browser announced that it plans to introduce a native Ethereum wallet, replacing its current built-in crypto wallet. This new wallet will hold Brave’s Basic Attention Token (BAT) token that is distributed as a reward to users for viewing ads.  

The BAT 2.0 roadmap also showcased plans to introduce a decentralized exchange (DEX) that offers support for liquidity providers and enables users to swap tokens from within the browser. The DEX will also integrate layer-2 scaling features and offer discounts for holders of BAT.

The 2.0 wallet is aiming to bring a wide assortment of additional features, including a new wallet for mobile devices, support for NFTs and DeFi use cases, and diverse fiat-to-BAT onramps. Users will also be able to use their BAT tokens as a means of fee payments and enjoy a revamped user experience.

Other assorted features under consideration include the integration of the BAT token with e-commerce sites, search engines, VPNs, and IPFS file hosting.

No KYC Requirements for Withdrawals

The new improvements on the privacy-preserving web browser is expected to help boost Brave’s popularity among its 25 million monthly active users and grow the browser’s market share.

Per Brave’s latest update, their 2.0 crypto wallet is scheduled for release in the next 12 to 18 months, so users will likely be able to enjoy the benefits quite soon.

Perhaps the most interesting new feature for users is the ability to withdraw BAT tokens from their wallets without the need for KYC. Currently, Brave only allows users to withdraw BAT rewards via Uphold, a service that imposes strict KYC procedures.

The new 2.0 wallet plans to introduce fiat-to-BAT onramps that allow users to cash in on their rewards without any KYC requirements for withdrawals. However, the browser could presumably decide to maintain a certain degree of control over BAT token payouts.

At the moment, Brave places geographical restrictions that determine which users can view ads and earn BAT. It also limits token payouts based on the number of devices in use.

Brave Jumps on the NFT Train

Just last week, Brave celebrated yet another landmark achievement, with the web browser delving in the world of non-fungible tokens (NFTs).

The browser announced a partnership with Origin Protocol that facilitates users to purchase limited-edition NFTs directly from the official Brave Store. 

Following the announcement, Origin listed 40 limited-edition NFTs from a recent meme contest now available for purchase directly via the Brave Browser.

“We’re very excited to be collaborating with Origin to introduce additional BAT utility with support for NFT purchases in the Brave Store”, stated Luke Mulks, VP of Business Operations at Brave.

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NFT Top-level Domain Sold for $84000

Jehan Chu has purchased the top-level Handshake domain name “.nft” for a record-breaking $84,000 as the popularity of decentralized web services continues to grow. The transaction was facilitated by Namebase, a platform that offers domain registration services for Handshake.

The Handshake Network is an experimental peer-to-peer root naming system that allows the decentralization of the internet by taking control of domain from centralized parties, preventing monopolies and censorship.

The acquisition of the top-level domain will allow Mr. Chu to issue as many subdomains as he wants under it, which would allow him to become one of the driving forces in the NFT industry when it comes to having a presence in the Handshake Network.

The Hong Kong-based investor is also a Namebase investor as he believes that the platform has an important role to play in the creation of the Web3, a movement that has grown in popularity over the past months.

Building a Decentralized Web

Historically, organizations like the Internet Corporation for Assigned Names and Numbers (ICANN) have overseen the creation and use of Domain names on multiple levels, usually taking the role of the arbitrator on domain disputes.

Like other protocols, Handshake was developed to provide internet users with an alternative to traditional web protocols that relied on centralized services, allowing the creation of an uncensorable and truly decentralized global network.

While Handshake domains can’t is accessed by traditional browsers at this time. Privacy-focused browsers like brave have been adding support for decentralized services in recent days as in the case of the InterPlanetary File System (IPFS).

What is IPFS

What is IPFS? Interplanetary File System: Complete Beginner’s Guide

Back on February 2, Brave Browser surpassed the 25 million active users just 4 months after surpassing 20 million, an important milestone for a browser that has to compete with web browsers like Chrome and Safari, which are owned by tech giants.

Other web browsers like Opera have taken big steps in supporting cryptocurrencies by adding native crypto wallets and creating partnerships with companies like Unstoppable Domains.

This interest in popular browsers on supporting new technologies could pave the way for decentralized internet protocols to grow in popularity by facilitating access to the average user, especially at a time when privacy concerns are at an all-time high.

The Case for a Decentralized Web

The invention of the internet by Tim Berners-Lee and the CERN was one of the most important events in the history of humankind, allowing people from all around the world to connect with each other and creating whole new economies.

Soon after its creation, the internet passed from being away mainly used to consume content without dynamic interaction (web 1.0) to an ecosystem full of services in which content creation and participation were the driving force (web 2.0).

This transition gave place to the birth of social media platforms like Facebook and Twitter, and new services such as YouTube and TikTok, creating new social interactions that were not possible in the previous iteration of the web.

More Work is Being Done

However, while the existence of web 2.0 certainly took the internet to the mainstream and resulted in technological advances never seen before, it also took some of the liberties that internet users had enjoyed in the past.

The centralization resulting from monopolies created at every level of the web, from domain registration to content creation, resulting in privacy violations, abuses of powers, and censorship, a far cry of what the internet was meant to be.

By giving users the power of choosing where to store their data and what services can access it, a decentralized internet would result in people regaining power over how the internet interacts with them in daily life, taking power away from centralized authorities.

Companies like Facebook and Google operate on an assumption that users would rather use their services for free in exchange for their privacy, but moves like the changes to WhatsApp privacy policies have proven rather unpopular in the internet community.

By ending the existence of data silos through the decentralization of the internet, users will not have to decide between an internet that sees them as the product and the early internet where content couldn’t be shared easily.



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Brave (BAT) Browser Debuts Native IFPS Support

Crypto-friendly browser platform Brave (BAT) has taken a significant step in the development of the decentralized web by becoming the first browser to roll-out native support for InterPlanetary File System (IPFS). With internet censorship a major concern among a cross-section of stakeholders, the pivot to a more decentralized world-wide-web might hold the key to the preservation of free speech on the internet.

Brave Offer Support for P2P IPFS Protocol

Brave announced the news via a communique issued on Tuesday (Jan. 19, 2021). According to the press release, Brave has integrated the IPFS protocol on its privacy-focused browser service.

Based on the news, Brave’s 24 million monthly active users can now access IPFS URLs directly from their browser. The process involves either using a dedicated gateway or a one-click installation of the full IPFS node.

Users who choose to install a full IPFS node will enjoy the added benefits of enhanced browsing experience as well as significant savings on server maintenance costs for content publishers. As with other peer-to-peer (P2P) systems, the more entities running full nodes, the more resilient the system becomes as a consequence of the exponentially increasing network effect.

Commenting on the milestone, Brave co-founder Brian Brody remarked that the company was thrilled to add IPFS support to its growing list of features, adding:

“Providing Brave’s 1 million+ verified content creators with the power to seamlessly serve content to millions of new users across the globe via a new and secure protocol, IPFS gives users a solution to the problem of centralized servers creating a central point of failure for content access. IPFS’ innovative content addressing uses Content Identifiers (CIDs) to form an address based on the content itself as opposed to locating data based on the address of a server. Integrating the IPFS open-source network is a key milestone in making the Web more transparent, decentralized, and resilient.”

IFPS as a Solution to Internet Censorship

IPFS is said to offer significant advantages over the usual Hypertext Transfer Protocol (HTTP) and Hypertext Transfer Protocol Secure (HTTPS) internet communication systems. Instead of information hosted on centralized servers, IPFS connects users to websites cached on nearby nodes.

Decentralized data storage is also a major use case for blockchain technology. Filecoin, one of the highest-grossing initial coin offerings (ICO) from 2017 is looking to launch a distributed data storage solution.

Several internet experts say IPFS could solve the problem of internet censorship as people domiciled in places with strict internet controls can have unfettered access to information on the web.

Brave’s IPFS integration is the latest feature on the popular browser. As previously reported by BTCManager, the privacy-focused browser service added a direct dark web gateway via Tor back in Oct. 2020.

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Brave Becomes First Browser to Offer Native IPFS Integration

The InterPlanetary File System (IPFS), a decentralized peer-to-peer protocol designed to make the web less centralized and to avoid censorship, has been integrated into the desktop web browser Brave, making it the first browser to have a native IPFS integration.

The move continues to add accessibility to IPFS, allowing Brave users to access content on the protocol by “resolving ipfs:// URIs via a gateway or installing a full IPFS node in one click,” according to a statement accompanying the announcement. 

“IPFS is important for blockchain and for self-described data integrity,” said Brian Bondy, CTO and co-founder of Brave, in an email to CoinDesk. “Previously viewed content can even be accessed offline with IPFS. The IPFS network gives access to content even if it has been censored by corporations and nation-states, such as for example, parts of Wikipedia.”

What truly decentralized access to information can look like

According to Dietrich Ayala, technical product manager of browser integrations at IPFS, while the protocol is still in development, making it easily and directly available is important for users who have real problems in their daily online lives around internet access, trust of data, censorship, and addressing data from blockchains for Web 3.0 apps. 

One goal of this integration is to provide an early look at what truly decentralized access to information can look like and get feedback from developers and users so IPFS can start layering on more features and functionality in Brave, according to Ayala.

Read more: Cloudflare Unveils Gateway to Distributed Web With ENS, IPFS Integration

Brave users who enable the IPFS node will have a network that still functions during internet outages and shutdowns and, for example, can access critical information such as COVID-19 news which is censored in some countries. 

IPFS keeps what you browse so it can be used while offline, which is key in places with expensive internet access or spotty networks. 

“IPFS also provides the ability to share and collaborate in offline or disconnected environments – nodes can discover each other over local networks even when not connected to the internet,” said Ayala. “Easy and direct availability of IPFS through the Brave browser radically lowers the bar for developers to take advantage of these features in the applications.”

IPFS: How it works

As CoinDesk reporter Daniel Kuhn wrote last year, IPFS is “a radical redesign of how people navigate and use the internet.”

Read more: InterPlanetary File System Is Uncensorable During Coronavirus News Fog

“The current paradigm of web-search runs HTTP, which sends requests for online content to a single server that stores information, meaning that if anything is changed or blocked there is no reliable way to access it again,” he wrote. 

“IPFS, a peer-to-peer protocol, instead allows users to download webpages and content stored across multiple servers and provides “historical versioning” that shows how documents have been manipulated. “

With this new integration, Brave users will have easier access to the protocol, while also offloading server costs from the content publisher and improving the overall resilience of the internet. There are currently over 4,000 IPFS contributors worldwide; the Brave browser is used by 24 million people, potentially expanding the reach of IPFS. 

A Uniform Resource Identifier (URI) is a unique web identifier made up of a Uniform Resource Locator (URL) or a Uniform Resource Name and is used to retrieve information on a network.  

“Brave users will be able to load ipfs:// and ipns:// URIs, which gives users the ability to load a lot of new content which they can’t access in other browsers,” said Bondy. “Dapps are ideal candidates to be hosted on IPFS, and some dapps make use of referencing IPFS content.”

The news comes less than a week after internet hosting behemoth Cloudflare announced that it will be able to connect to domains hosted on the Ethereum Name Service (ENS) and IPFS, further expanding IPFS’ reach.  

“At Cloudflare Research, we have been exploring alternative ways to resolve queries to responses that align with these attributes. We are proud to announce a new resolver for the Distributed Web, where IPFS content indexed by the Ethereum Name Service (ENS) can be accessed,” the blog states.



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Cloudflare Unveils Gateway to Distributed Web With ENS, IPFS Integration

Internet hosting giant Cloudflare has unveiled a new direct gateway to support the distributed web.

According to a Wednesday blog post, Cloudflare will be able to connect to domains hosted on the Ethereum Name Service (ENS) and the Interplanetary File System (IPFS) by a new indexing service.

“At Cloudflare Research, we have been exploring alternative ways to resolve queries to responses that align with these attributes. We are proud to announce a new resolver for the Distributed Web, where IPFS content indexed by the Ethereum Name Service (ENS) can be accessed,” the blog states.

ENS has been working with Cloudflare since February 2020 on the project, ENS director of operations Brantly Millegan told CoinDesk in a Telegram message. 

“The primary purpose of the service is pretty straightforward: users can append ‘.link’ to the end of a .eth name to access an IPFS website at the name like a normal website, no special browsers or extensions necessary,” ENS wrote in a blog post.



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