Even though Brave can be modified to be hosted on Binance Smart Chain on a manual basis, the inclusion of a preconfigured wallet is anticipated to ease the procedure as it will not necessitate any specific applications, wallets or further tinkering.
Wrapping is a process through which tokens from a blockchain environment can be hosted on a totally different platform. The popular example for wrapping is Wrapped Bitcoin (WBTC), which is compatible with Ethereum blockchain. In simple terms, Bitcoin is made technically compatible with Ethereum blockchain through the creation of Wrapped Bitcoin (WBTC).
Brendan Eich, CEO and co-founder of Brave, said “Our hope is that BAT and Brave will take crypto mainstream and to make DeFi user-friendly for the mass market.”
Brave supposedly has monthly active users of more than 25 million, and 7 million are daily active users. The browser has well-positioned itself as a substitute to other popular browsers by guaranteeing improved privacy, minimum tracking and the facility to view advertisements as per a user’s choice.
Binance Smart Chain platform coordinator Xiaoguang Zhang expressed the view of Brendan Eich stating that the embedding of Binance Smart Chain in Brave would fuel the adoption of cryptos and DeFi.
Zhang said “With this strategic integration between the Brave browser and Binance Smart Chain, we will introduce seamless UX together for crypto users to access DeFi and Dapps in BSC and other blockchains, which will dramatically inspire mass adoption and inclusive finance.”
Similar to several altcoins, the price of Basic Attention Token hit a new all-time high this year. Specifically, betweej January and March, BAT rallied 515% against the greenback, surging from about $0.20 to $1.27 at the time of writing this article.