Brave Browser has announced the rollout of self-custody Basic Attention Token (BAT) payouts, choosing the Solana blockchain for this initiative.
Despite Solana’s recent struggles with network outages, Brave has opted for this platform, highlighting Solana’s high transaction speed and low fees as key factors in its decision.
Brave Chooses Solana for Self-Custody BAT Rewards
The rollout, which starts on an invite-only basis, allows a select group of users to receive BAT earned from Brave Rewards directly to a self-custody wallet address on Solana.
This feature is expected to extend globally, revolutionizing how users interact with web browsers and digital assets.
“We are excited to introduce this new feature, which will enable users to connect a Solana wallet to Brave Rewards, verifying ownership of the address,” a spokesperson from Brave explained.
This integration with Solana signifies a leap towards a more user-empowered internet experience, providing a seamless way for users to earn and utilize BAT. The on-chain distribution mechanism, facilitated by Solana’s low-cost transactions, removes common barriers faced by users in the web3 space.
Read more: 11 Best Altcoin Wallets To Consider In February 2024
Solana Cursed With Downtime
However, Solana’s network challenges cast a shadow over this advancement. The blockchain network, recognized for its swift transaction capabilities, has experienced multiple significant instances of blockchain outages. The latest of these was just weeks ago, on February 6.
“Solana Mainnet-Beta is experiencing a performance degradation. Block progression is currently halted. Core engineers & validators are actively investigating,” stated Solana validator Laine.
Read more: How To Buy Solana (SOL) And Everything You Need To Know
A 2023 Messari report highlighted some of Solana’s worst downtimes and how long it took to fix them.
“Solana’s downtime issues historically have to do with software bugs or spam,” the report noted.
This incident has raised concerns regarding the reliability of the Solana network, although it has not majorly impacted the value of Solana’s SOL tokens.
Despite these technical hiccups, Brave’s choice of Solana underscores its commitment to providing users with a fast, cost-effective platform for BAT transactions.
All in all, this is a strategic step towards integrating cryptocurrency incentives into everyday web browsing, paving the way for a more decentralized and user-centric internet experience.
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