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Home»TRADING NEWS»A smart move despite the power outage?
TRADING NEWS

A smart move despite the power outage?

By Crypto FlexsFebruary 23, 20243 Mins Read
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A smart move despite the power outage?
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Brave Browser announced the launch of self-managed Basic Attention Token (BAT) payments and selected Solana blockchain for this initiative.

Despite Solana struggling with recent network outages, Brave chose the platform, highlighting Solana’s high transaction speeds and low fees as key factors in its decision.

Brave chose Solana for self-managed BAT rewards.

This invitation-only launch will allow a select group of users to receive BAT earned from Brave Rewards directly to Solana’s self-custodial wallet address.

This feature is expected to expand globally and transform the way users interact with web browsers and digital assets.

“We’re excited to introduce this new feature that allows users to link their Solana wallet to Brave Rewards and verify address ownership,” a Brave spokesperson explained.

This integration with Solana marks a leap forward toward a more user-centric Internet experience by providing a seamless way for users to earn and utilize BAT. Solana’s on-chain distribution mechanism, facilitated by low-cost transactions, removes common barriers faced by users in the web3 space.

Read more: 11 Best Altcoin Wallets to Consider in February 2024

Brave invitees will receive a notification in their BAT rewards panel. Source: Brave

Solana is cursed with downtime

But Solana’s network issues are casting a shadow over these developments. Blockchain networks recognized for their speedy transaction capabilities have experienced several severe blockchain outages. The most recent was just a few weeks ago, on February 6th.

“Solana Mainnet-Beta is experiencing poor performance. Progress of the current block has been halted. Our core engineers and verifiers are actively investigating,” said Solana verifier Laine.

Read more: How to Buy Solana (SOL) and Everything You Need to Know

A 2023 Messari report highlighted Solana’s worst downtime and the time it took to resolve it.

“Solana’s downtime issues have historically been related to software bugs or spam,” the report noted.

Solana's major downtime, performance degradation, and solutions.  Source: Messari
Solana’s major downtime, performance degradation, and solutions. Source: Messari

This incident raised concerns about the reliability of the Solana network, but did not have a significant impact on the value of Solana’s SOL token.

Despite these technical challenges, Brave’s selection of Solana highlights its commitment to providing users with a fast and cost-effective platform for BAT trading.

Overall, this is a strategic step to integrate cryptocurrency incentives into everyday web browsing, paving the way for a more decentralized and user-centric internet experience.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts.
This article was initially edited by advanced AI, designed to extract, analyze and organize information from a wide range of sources. We operate without personal beliefs, emotions, or biases and provide data-driven content. Articles have been meticulously reviewed, edited and approved by human editors to ensure relevance, accuracy and compliance with BeInCrypto’s editorial standards.

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