Brave will allow users to exchange ETH-based assets directly through their browser, as the latest browser update (version 1.32) now offers a native wallet for the ETH ecosystem.
Brave has a native ETH wallet
In a press release yesterday, the team announced that Brave Wallet would allow users to swap assets and access decentralized applications (dApps) hosted on ETH Layer 2 solutions and other EVM-compatible sidechains such as Polygon and xDai.
Brave Wallet can be used directly in the browser and circumvents the need to download extensions. The integrated Brave wallet will compete with popular Web3 wallets, such as MetaMask, Trust Wallet and Wallet Connect.
In a press release, the team said the native cryptocurrency would be useful in overcoming the security and performance issues typically associated with browser extensions. In the past, users have reported that they have lost funds to hackers due to fake web extensions. By imitating popular wallets such as MetaMask, hackers can trick users into entering their private keys.
Brian Bondy, CTO and co-founder of Brave, explained the browser’s native wallet features:
“The Brave Wallet requires no extensions and is instead native in the browser, eliminating key performance and security issues while maintaining the core functionality of popular crypto wallets.”
The update alsoprovides market data through the CoinGecko API and the ability to purchase with fiat currencies through a partnership with Wyre.
The native wallet is currently only available in the desktop browser and will be launched later for mobile use