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Monero (XMR) Project Lead Riccardo Spagni Mocks Brave (BAT), Supports Its Open-Source Fork

News
Sun, 06/07/2020 - 14:20
Vladislav Sopov
Brave, a browser focused on a 'shared revenue' advertising model, found itself at the center of a scandal. Monero's Riccardo Spagni is sure that it's all for the best.
Monero (XMR) Project Lead Riccardo Spagni Mocks Brave (BAT), Supports Its Open-Source Fork
Cover image via www.youtube.com
Contents

It was recently revealed that the browser Brave (BAT) secretly redirected all its in-browser links to links affiliated with the most popular cryptocurrency services in order to receive significant commissions. This was done despite the fact that Brave positioned itself as a privacy-focused instrument with a 'shared revenue' model of advertising.

Community Considers Fork with No Ads or Tokens

Shortly after this manner of behavior was disclosed, Brave community members announced an initiative to launch the Braver Browser, an open-source fork. Bravers will not require advertising and will avoid implementing BAT tokens.

This announcement was published as a reply to acerbic tweet of Riccardo Spagni, project lead of Monero (XMR). Legendary Fluffy Pony also accused Brave of being too egregious and gross for a 'self-proclaimed privacy-enhancing' product. Furthermore, he called the disclosed backdoor 'scammy'.

Braver Browser won't support BAT and ads
Image via Twitter

It looks like Mr. Spagni appreciated this approach. With no advertising instruments or Basic Attention Token (BAT) support, he said, the browser may become useful:

Looks like Brave might become useful after all.

It is worth noting that browser sent rewards in the form of BATs to users who viewed the advertising content.

Too Late to Apologize?

This critical breach was unveiled by Crypto Twitter user Yannick Eckl (aka Cryptonator1337). He noticed that every URL of Binance US was automatically converted to a corresponding referral link.

The users of Brave then disclosed similar functions that were implemented for Binance, Trezor, and Coinbase-backed links. This hidden option was hard-coded into Brave's back-end:

Here's how the mechanism of redirect works
Image via Twitter

Brave Software's CEO Brendan Eich apologized for this mistake and announced that it will be fixed. Some users also showed a way to disable such an unwanted redirection.

Alongside that, Eich emphasized that this technique didn't affect user privacy in any way:

We don’t rewrite links in pages apart from standard chromium-code URL canonicalization and HTTPS Everywhere.

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.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

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.)