In another recent development in the world of web3, three major players – Brave, Electric Coin Co. (ECC), and Filecoin Foundation – have recently unveiled an exciting partnership aimed at ushering in a new era of enhanced privacy and security within the decentralized web.
The announcement comes from Brave Software Inc. as the Web3 ecosystem continues to evolve, raising concerns about user privacy and data protection.
This strategic alliance between Brave, known for its privacy-centric browser; ECC, the driving force behind the privacy-focused cryptocurrency Zcash; and Filecoin Foundation, a prominent figure in the decentralized storage realm, promises to tackle these pressing issues head-on.
With support from ECC, Brave will integrate the Zcash protocol into the browser’s built-in crypto wallet so users can securely store, send, and receive ZEC alongside other cryptocurrencies.
“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.”
— Zooko Wilcox, CEO, Electric Coin Co.
“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.”
— Yan Zhu, CISO, Brave
Privacy has long been a core focus for Brave, whose browser is renowned for its robust privacy features, including built-in ad-blockers, HTTPS Everywhere, and the innovative Brave Rewards system.
With the integration of additional privacy into its system, Brave aims to provide users with even more privacy when accessing and utilizing web3 features via their applications.
Electric Coin Co., the organization responsible for the development of Zcash, brings its extensive experience in privacy-centric cryptocurrencies to the table.
While, Filecoin Foundation, as a major player in decentralized storage, contributes its expertise in secure data storage and retrieval. With an emphasis on providing users with control over their data, Filecoin offers a decentralized marketplace for storage services.
According to another report published by Brave Software Inc., there are also provisions being made by the Filecoin Foundation to develop a new privacy-based feature to offer users better privacy when using the Browser for messaging
This is powered by the InterPlanetary File System (IPFS) by giving access to decentralized secure storage for encrypted content.
This collaboration is a major step forward in addressing the growing concerns about privacy and security in the Web3 space.
These three organizations are well-positioned to make a lasting impact by combining their resources and expertise.
While this partnership holds great promise, it also emphasizes the need for continued collaboration and innovation in the Web3 space.
Privacy and security will continue to be challenges, and it is encouraging to see industry leaders taking action to address them.