Brave Browser Review 2020 | Deep-Dive into Brave & BAT Ecosystem
What is Brave Browser?
Brave is a new open-source browser created by Brian Bondy and Brendan Eich, co-founder of the Mozilla project and creator of Javascript, that is changing the way users, publishers and advertisers browse and interact with the internet.
The current digital advertising model is a broken system that only benefits intermediaries, with Google and Facebook taking 73% of all ad revenue generated. Conversely, ads and trackers cost internet users as much as 50% of their mobile data every month, reduce battery life by up to 21% and violate privacy. Furthermore, publishers see only a small portion of ad revenue while advertisers suffer from fraud and ad blockers.
What is the Basic Attention Token?
The Brave browser is aiming to solve these systemic problems by creating an entirely new digital advertising ecosystem that puts power back into the hands of users and publishers. At the center of it all is the Basic Attention Token (BAT), but what are BAT tokens? Simply put, BAT is an ERC-20 token on the Ethereum blockchain that enables users, publishers and advertisers to efficiently and fairly exchange value in return for viewing or producing content and ads.
Brave blocks all ads and trackers by default, which greatly speeds up loading times and improves privacy for the user. However, you can still change your preferences to allow specific ads and trackers on sites of your choosing. For some sites, especially news outlets, this can be a pretty staggering number of ads and trackers blocked!
Brave Payments anonymously tracks what sites you visit and how long you spend on them. You can then choose to reward publishers for producing great content in several different ways. The first is through monthly auto-contributions to sites which is split by the percentage of time spent on each site. You can also setup fixed monthly contributions to sites – like a subscription. The second main way is through tipping. This can be done either through tipping directly on sites when browsing them, or through social media integrations on Reddit, Twitter and GitHub.
Find out more about the ecosystem in our detailed Brave browser review above.
How to Earn BAT with Brave Rewards
After a lengthy wait, the much anticipated Brave Rewards was finally launched in April 2019. This means that users can now earn BAT tokens by simply opting in to viewing ads. The ads appear as notifications which can either be clicked on or closed, and you can choose to view a minimum of 1 and maximum of 5 per hour in the settings. The design is super slick and the dashboard is very easy to use.
The launch of Brave Rewards is significant because it now means the circular ecosystem is complete. Users, advertisers and publishers can now benefit from using the Brave browser and platform. What is not clear at the moment is how much users can earn from viewing ads. Do you earn more if you click through to view an ad? If so, this could open up the system to manipulation.
Either way we look forward to the further development of Brave. Now comes the hard part, getting users and publishers to sign up…