Brave, the anonymity crypto browser, has announced a partnership with Solana, the cryptocurrency infrastructure behind the fourth-most valued coin on the market.
“With more users and creators requiring tools for fast and affordable access to the decentralised Web, this integration will seamlessly pave the way for the next billion crypto users to harness applications and tokens,” said Brendan Eich, CEO of Brave.
As part of the agreement, Solana will become Brave’s default blockchain in the first half of 2022, with the potential to onboard 42 million monthly users.
Developers of Solana will be motivated to support the browser’s Basic Attention Token (BAT) as a result. BAT is up about 10% as a reaction to the announcement.
According to a company blog post, Brave is moving to Solana because of the crypto network’s excellent speeds and low expenses. Simple transactions on Solana cost as little as 0.000005 SOL, or $0.001, per data from Solana Beach, unlike other smart contract-enabled blockchains like Ethereum.
Until now, Brave’s browser-based cryptocurrency wallets and DEX aggregators have only supported Ethereum and Binance Smart Chain (BSC). Solana will now be added to the supported networks as part of the team’s multi-chain approach.
The crypto community admires Brave Browser because it is a privacy-focused alternative to Google Chrome. For viewing anonymous adverts, the browser also compensates users with Basic Attention Token (BAT). By allowing advertisers to purchase ad space, the BAT token supports Brave’s advertising ecosystem.