Launched in early 2016, Brave has become one of the flagship browsers in the DeFi ecosystem. More than 42 million users are indeed already won over by its paid ad system. Today, its teams are making an important announcement: a partnership with blockchain Solana (SOL).
Solana in Brave’s list of blockchains
The “Solana Breakpoint” is a conference organized by the Solana Foundation in order to promote its ecosystem. An ideal event to make important announcements about upcoming developments and partnerships.
On this occasion, the Brave browser and Solana Labs teams announced a major partnership.
In fact, Brave plans to integrate the Solana network, both on its mobile and PC version. This integration is expected to be deployed in the first quarter of 2022. As a result, Solana will join Ethereum in the list of supported blockchains. Brave also announced its willingness to expand its product to other blockchains in the future.
“We believe [Brave], a multi-chain wallet that is compatible with multiple blockchains will be a key component of mainstream adoption of cryptos and DeFi.”
In practice, this integration will support Solana’s DEX aggregator, NFTs, the network’s SPL token as well as account creation on Solana. Brave justifies this migration, pointing to Ethereum’s shortcomings in terms of performance. Indeed, transaction fees on the network have exploded in recent months.
“The high transaction fees observed on Ethereum have prevented some users from making transactions. Solana is the world’s fastest blockchain and offers the ability to transact on the blockchain for as little as $0.001 to $0.002 USD per transaction, providing users with significant savings.”
Themis Protocol
For its part, Solana will promote the deployment of the Themis protocol, a major update to Brave. Introduced in January 2021, Themis plans to decentralize the browser’s advertising infrastructure. Indeed, Brave is a browser that lets the user choose the number of ads he wants to see daily. In exchange for viewing these ads, the user is rewarded with BAT tokens.
However, the calculation and the distribution of the rewards are, for the moment, managed by Brave’s teams. As a result, they now want to decentralize this process by relying on various cryptographic tools, such as ZK-Snark and second-layer solutions for verification.
Meanwhile, the Solana network continues to gain traction. Its DeFi ecosystem now accounts for $15 billion in TVL. Of course, its NFT ecosystem is also thriving, taking advantage of the platform’s extremely low fees.
