Brave promotes Web3 privacy using Electric Coin and Filecoin
The Filecoin Foundation, the creators of Zcash (ZEC), and Brave have announced a cooperation to provide privacy-enhancing tools to the Brave browser.
By working together, the Brave browser, the Zcash (ZEC) development group, and the Filecoin (FIL) non-profit want to bring improved privacy to the Web3. When it comes to anonymity in the cryptocurrency market, Zcash ranks well.
The businesses claim that Brave’s built-in Web3 wallet will provide access to cutting-edge privacy features.
Users of the Brave browser may earn a Basic Attention Token (BAT) in exchange for seeing adverts that don’t invade their privacy. The functionality is optional for users. As a result of the collaboration, the partnership’s privacy features will apply to all financial dealings.
In this example, ECC, which recently announced its intentions to make Zcash more decentralized and safer, will collaborate with Brave to provide support for shielded transactions to the browser’s native crypto wallet. Users may now securely save, transmit, and receive ZEC and other cryptocurrencies thanks to this feature.
“Zcash’s integration into the Brave web browser excites me because I believe that strong privacy protections should be the standard. Tens of millions of people across the world rely on the Brave browser for their regular online interactions, including social media, news, and shopping. This provides a safe and agreeable way for them to get their hands on some cash. Electric Coin Co. CEO Zooko Wilcox expressed her excitement for the partnership with Brave and Filecoin Foundation, citing the impending launch as well as its potential.”
The decentralized communications and media transfer capability is being developed by Brave, ECC, and the Filecoin Foundation in addition to private crypto transactions. The new platform will use the anonymity provided by the Zcash protocol and the data security provided by Filecoin’s InterPlanetary File System (IPFS).