The privacy-valuing Brave browser, which is developed by Brave Software, Inc. has decided to challenge cryptocurrency wallets such as MetaMask, for example, by creating its own counterpart – Brave Wallet. What makes Brave Wallet stand out from the competition, as well as why it was created at all – we tell you in today’s article.
Brave Wallet – a crypto wallet without the need to download an extension
The new crypto wallet, Brave Wallet, is to be available natively in the Brave browser, and it is this functionality that sets it apart from existing solutions on the market. The Brave Wallet implementation was built from the ground up as a dedicated, core functionality of the browser. Because of this, the user is not forced to download software in the form of a browser extension, thus increasing their security.
Here’s how Brian Bondy, Chief Technology Officer and also co-founder of Brave, argues this decision: “One of the biggest problems with extensions is the ease with which criminals can create fake versions of them that mimic real crypto wallet extensions – such spoofing attacks are quite common.” In saying this, Bondy also cited several examples. These mainly concerned Brave Wallet’s direct competitor, the MetaMask wallet, for which many browser plugins are available.
Brave Wallet’s functionalities
We already know how Brave Wallet will provide security to its users – so we know its basic functionality. But what about the other, equally important, features of the Brave software?
Firstly, Brave Wallet will allow users to transact in almost any cryptocurrency – from the popular ETH, to Polygon, xDai or Avalanche. Brave developers are also currently working on blockchain support for Bitcoin (BTC) and Solana, which is expected to launch as early as 2022.
Multiple blockchain support is not the only benefit a user can get by using Brave Wallet. The wallet also supports sending and receiving non-exchangeable tokens, i.e. NFT tokens, which are gaining popularity all the time, and it also allows exchanging fiat currencies for cryptocurrencies.