Privacy For All: Brave To Integrate Zcash Protocol On Native Crypto Wallet
September 22 2023 - 1:00PM
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During the Messari Mainnet event, the company behind the internet
browser Brave announced a partnership with the Electric Coin Co.
(ECC) and the Filecoin Foundation. These entities are the leading
developers of the Zcash (ZEC) protocol and Filecoin (FIL). Related
Reading: Bitcoin And Crypto Face Turbulence As 10-Year US Treasury
Yield Hits 15-Year High Brave Brings Zcash Tools Into Web3
According to an official announcement, the cooperation aims to
“improve” privacy for Brave’s Web3 wallet. This feature allows
users to transact with cryptocurrencies, including the Basic
Attention Token (BAT), which people can earn by interacting with
websites. Zcash’s native token, ZEC, will become the latest to
integrate with the wallet. The company behind Brave claims that
this cooperation underscores its “commitment” to provide privacy
tools for its users. The integration will allow users to transact
privately or publicly with other users and “have greater control”
over their Web3 activity. Zooko Wilcox, CEO of the Electric Coin
Co., stated: I’m excited about integrating Zcash into the Brave web
browser because privacy should be normal. The Brave browser is a
tool that tens of millions of people are using for everyday
communication, web browsing, shopping, and other activities. This
gives them access to money that respects their security and
consent. I’m thrilled for this launch — and what’s to come — as a
result of this partnership with Brave and Filecoin Foundation.
Since its inception, Brave has provided its users with more control
over their data and activity. The company behind the browsers has
been increasing its privacy features recently by launching easy
ways to delete cookies, profiles, and any traces of interaction
with a website. In that sense, Yan Zhu from Brave added: This
partnership with like-minded organizations reinforces Brave’s
mission for a more private and user-first Web. Not only do we hope
to make it simple to use ZEC for private transactions, but we also
aim to maximize privacy during key moments of purchase or exchange.
More Privacy, More Features In addition to the above, the partners
hinted at launching a new privacy-based tool to send and receive
messages and multimedia files supported by the Zcash protocol. The
content will be stored using the InterPlanetary File System (IPFS),
which supports Filecoin. Related Reading: XRP Hurdle In The Run-Up
To ‘Proper Party’ – Will Altcoin Price Slip? Marta Belcher,
president of the Filecoin Foundation, said: We’re thrilled to be a
part of this important project. We believe cryptocurrency can be
the foundation for a better Internet — an alternative to big tech
that puts people in control of their own data, protects user
privacy and security, and permanently preserves humanity’s most
important information. As of this writing, neither ZEC nor BAT has
seen any upside driven by the announcement. However, Brave users
will likely benefit long-term by leveraging a privacy-oriented tool
and an alternative to Google and other big tech companies seemingly
growing more hungry for people’s data. Cover image from Unsplash,
chart from Tradingview
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