“One of the biggest problems with extensions is how easy it is for criminals to make fake ones pretending to be a good wallet extension - such spoofing attacks are quite common,” the chief training officer said. He added that user’s private keys always remain on hardware devices if the user chooses to connect a hardware wallet by providers like Ledger or Trezor.Īccording to Bondy, the industry’s reliance on crypto wallets in the form of browser extensions is one of the main impediments to mainstream crypto adoption due to their limited security. “The funds are always stored on the blockchain, but the keys to unlock those funds are stored in the Brave Wallet,” Bondy said. According to the firm, this is supposed to reduce security risks and reliance on extra CPU and memory.īondy said that the browser’s cryptocurrency wallet is similar to hardware crypto wallets as it implements its own BIP32 hierarchical deterministic wallet.

The new wallet is different from other Web 3.0 wallets like MetaMask in that it does not require users to download an extension, but is rather built directly into the browser, itself, as a core feature. According to the chief training officer, the new implementation was 'built from scratch, natively into the Brave Browser.” The company announced to Cointelegraph on Tuesday that it is prepping the official launch of Brave Wallet, a self-custody cryptocurrency wallet built into the Brave desktop browser, enabling users to store and buy cryptocurrencies like Ether ( ETH).īrian Bondy, chief technology officer and co-founder at Brave, told Cointelegraph that the new wallet replaces Brave's MetaMask extension fork named Crypto Wallets. Privacy-oriented browser Brave continues to deepen its commitment to cryptocurrency adoption by replacing its extension-based cryptocurrency wallet with a browser-native one.

Brave browser wallet