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Brave Browser to develop Decentralized Exchange Aggregator

Brave Browser to develop Decentralized Exchange Aggregator

Brave Browser has published the specifications for version 2.0 of its privacy-focused, cryptocurrency-powered web browser. As per its BAT Roadmap 2.0, announced today, Brave is developing a decentralized exchange (DEX) aggregator and a new “Brave Wallet” to substitute its recent crypto wallets. Moreover, Brave intends to combine a new native Ethereum wallet to restore its built-in cryptocurrency wallet. That wallet will include Brave’s BAT tokens issued to users as a reward for watching advertisements.

Further, Brave also intends to launch a DEX. It will enable users to swap tokens in the Browser. The DEX will render discounted fees to BAT holders, support for liquidity providers, and layer-2 scaling features. Other assorted characteristics involve support for NFTs and DeFi applications. BAT will be used as a payment method, a new wallet for mobile devices, fiat-to-BAT onramps like the card and bank payments, and a redesigned user experience (UX). Subsequently, Brave proposes to combine its BAT token with e-commerce sites, search engines, IPFS file hosting, and VPNs. However, these features are under research currently. 

Brave users will be able to omit KYC procedures for withdrawals

Brave Browser has faced criticism for its rewards system only accessible via Uphold, a service that demands users to recognize themselves by KYC procedures. Today’s announcement indicates that there will no longer be any KYC for withdrawals. Nevertheless, the precise degree of control that the project will have over BAT token payouts is not entirely open. Moreover, Brave will probably restrict payouts based on the number of devices in practice. Recently, users can only gain BAT by four profiles. Geographic limitations also block users in some areas from viewing ads and making BAT as well.

Brave’s recent update asserts that the enhancements listed above will come into effect in the next 12-18 months. Moreover, this indicates that users will be capable of taking advantage of the developments shortly. With a small market share, Brave has garnered huge popularity. It recently attracts over 20 million monthly active users. Moreover, it may grow to approximately 50 million by the end of 2021.

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