The specifications for version 2.0 of its crypto-powered web browser were released by Brave.

The specifications for version 2.0 of its privacy-focused, cryptocurrency-powered web browser were released by Brave.

Brave Strengthens Decentralization

To replace its built-in crypto-currency wallet, Brave plans to add a new native Ethereum wallet. The wallet will carry the BAT tokens of Brave, distributed to users as a reward for watching ads.

In addition, Brave aims to implement a decentralized exchange (DEX), allowing users to swap tokens from inside the browser. This DEX will provide BAT holders with reduced fees, liquidity provider support, and layer-2 scaling functionality.

Support for NFTs and DeFi applications, BAT as a fee payment tool, a new mobile device wallet, fiat-to-BAT onramps such as card and bank transfers, and a redesigned user interface are other features (UX).

Finally, even though these features are still being researched, Brave plans to integrate its BAT token with search engines, e-commerce sites, IPFS file hosting, and VPNs.

Will the Brave Be Absolutely Decentralized?

Brave has previously been criticized for the fact that only through Uphold, a program that allows users to identify themselves through KYC procedures, can BAT incentives be revoked.

Today’s news reveals that for withdrawals there will no longer be any KYC. However, it is not entirely clear the exact degree of control that the project would retain over BAT token payouts.

Brave will likely continue to restrict payouts depending on the number of devices in use; users can currently only receive BAT across four profiles at once. Geographic restrictions also prohibit users from seeing advertisements and receiving BAT in certain areas as well.

When will 2.0 come?

Brave’s latest update states that in the next 12 to 18 months, the changes mentioned above will be implemented, meaning users will be able to take advantage of the advantages very soon.

Although Brave has a small share of the market, its popularity is growing. More than 20 million monthly active users are currently attracted; that figure is expected to rise to 50 million by the end of 2021.

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