Brave (BAT) Apologizes For 'Error', Disables Hidden Redirects to Referral Partners

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Tue, 06/09/2020 - 11:07
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Vladislav Sopov
The team from the privacy-focused decentralized browser Brave posted an apology amidst a scandal with hidden affiliate links. Will users be satisfied?
Brave (BAT) Apologizes For 'Error', Disables Hidden Redirects to Referral Partners
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Brave, the decentralized browser that positioned itself as being focused on user privacy, is involved in a scandal. One user unveiled that those who searched for top-level cryptocurrency services (i.e. Binance, Ledger, etc.) actually visited these web-sites through Brave affiliate links. The browser team has come up with a statement to clear things up.

No more referral codes in suggestions

According to the official statement from the project team, the error arose from adding affiliate code to the default completion (the second suggestion in the drop-down) i.e. to the second suggestion of the search results. Users are highly likely to click on these suggestions.

Brave added referral code to the first result of search
Image by Brave

Also, for Binance.us, a branch of the world-leading crypto exchange ecosystem Binance, the referral code was added to the first suggestion in the drop-down.

The brave team apologized to users for using the wrong logic in alternative completions suggestions.

The team informed that this issue has already been fixed in the Brave open-source code on Github as well as in all of its releases including the new Stable desktop release v1.9.80. Literally, the “Show Brave suggested sites in autocomplete suggestions” toolbar is now set to 'off' by default.

New competitor rises

The Brave team emphasizes that this situation didn't pose a threat to user privacy as no data about their identity were sent to the partners. It is only Brave, itself, that was identified by partner mechanisms.

Nevertheless, this issue has already resulted in the emergence of the Braver Browser, an open-source ad-free fork of Brave. It will eventually eliminate all integration with the BAT token and all advertising.

The project will be funded by donations and won't imply any 'business-related features'. According to its devs, it will be just 'a nice open-source privacy-first browser'

In three days, the new project managed to attract 84 contributors on GitHub and 460 followers on Twitter.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)