Last Friday (19), the Brave browser announced that the BAT token will also be exploited on the Binance Smart Chain (BSC) blockchain.
The objective behind the decision is to accelerate the process of decentralized finance (DeFi). According to the browser, the token can be negotiated between the Ethereum and BSC networks.
At the time of writing, the cryptocurrency is quoted at R $ 6.45, an increase of 3.97% in the last 24 hours.
Acceleration
In January, Brave had already announced the creation of the Themis protocol, with the aim of progressively decentralizing the browser infrastructure.
However, the code is still under construction. To speed up the DeFi process, the browser developers chose to integrate the token in a bundled form on the BSC network.
According to Brendan Eich, CEO and co-founder of Brave, the team’s purpose is to be part of DeFi and make the sector more accessible.
“Our hope is that BAT and Brave will make DeFi friendly to the market as a whole.”
Market strategy
Currently, the browser wallet supports the Ethereum and BSC blockchain networks. To ensure better accessibility, Brave executives plan to pre-configure Binance Smart Chain support.
The intention is that, later this year, customers can access the BSC without the need for additional applications or new portfolios.
According to Eich, this process will make the transaction on the network more attractive:
“We are excited about BSC’s low transaction rates and how it allows us to build perfect DeFi applications.”
Showing himself in line with Eich’s market vision, Xiaoguang Zhang, Binance’s smart ecosystem coordinator, commented:
“We will present an integrated experience for cryptocurrency users to access DeFi and dApps at BSC and other blockchains. This will dramatically inspire the mass adoption of more inclusive financial solutions. ”
Ads and privacy
Brave already uses the reward system for users who accept ads in the browser.
This contribution model has shown itself to be promising on the network. According to the browser, more than 7 million people use its services daily.
Now, programmers are looking to implement the same mechanism on the Binance network. The intention will be to offer tips to P2P users who use the Brave browser.
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