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

News
Sun, 06/07/2020 - 14:20
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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
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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.

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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

News
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.)