Decentr today launched a browser to bridge the massive gap in the market for a browser that provides the necessary features, functions, and security for everyday users to benefit from crypto.
Mainstream adoption, according to Finance Magnates, is the “holy grail” of crypto and an integrated web3, however a recent CNBC article states that one of the main reasons crypto is not mainstream is that it “remains exotic and poorly understood.”
Decentr changes all this. Until now, entering the crypto ecosystem has been a complicated and complex process. For the average user there are many unscrupulous websites, extensions and third parties looking to steal your funds at every step of the way. Decentr, a London/Minsk-based blockchain start-up formed in 2019, today delivered a browser that provides a secure gateway to crypto for both new and seasoned users alike.
Rich James, Decentr CCO said, “Users running the Decentr browser access all the necessary functions, tools, links etc to start crypto’ing. Our vision is for Decentr to be synonymous with crypto itself, the crypto browser of choice and the first step to entering the crypto ecosystem for any new user.”
The Decentr mainnet browser is the first “blockchain aware” web3 browser. Existing browsers, like Chrome and Firefox, interact with web3 via extensions and are obviously not natively blockchain aware. Even the current crypto browser of choice, Brave, is not an actual web3 browser and uses ERC20 to connect to a centralised wallet provider in Uphold (this is past their somewhat shaky token utility and incentivisation model).
The Decentr browser takes a radically different approach and, as a result, Decentr’s short-term adoption and user acquisition strategy is based on the crypto ecosystem itself. This is a logical strategic decision based on Decentr’s existing user base and its ability to refer additional users to the ecosystem.
The Decentr browser is set to usher in a raft of mainstream crypto applications that greatly expands the wider crypto ecosystem, including ease of crypto payments between individual users. This all happens without the hassle of interacting with onchain or decentralized components of the ecosystem, such as MetaMask, OpenSea, Uniswap etc – a path that is fraught with danger for the inexperienced user.
Cheap and Fast Transactions
The Decentr mainnet is built upon the Tendermint/Cosmos SDK and, as such, offers many of the features of the underlying tech stack, most importantly, cheap and fast transactions, critical for a project such as Decentr where microtransactions for the transfer of data and payments form a majority of the transactions on the network.
As per other Tendermint/Cosmos deployments, Decentr’s mainnet operates on a delegated Proof-of-Stake consensus mechanism. This means there are a series of Decentr nodes that will power the blockchain/network and users will have the ability to either create their own Decentr node, or delegate their stake to an existing Decentr node and earn network rewards as a result.
One of the most notable features of the Cosmos ecosystem is the IBC, the Inter Blockchain Communication module. As the name suggests, the IBC allows Tendermint/Cosmos deployments to interoperate with other networks and transfer value, interchange assets and services, and connect. For Decentr, this means that out of the box their network and browser will have the native ability to not only talk to other Cosmos ecosystem projects, but also other non-Cosmos projects that have implemented the IBC.
It cannot be overstated as to how important interoperating with other networks is when building a true web3 browser. The more chains that the Decentr browser can natively interact with directly impacts the number of features that can be implemented within the browser and, as a result, the better the end user experience and the greater the user acquisition and adoption of the Decentr ecosystem.
Nikita Anikeev, Decentr CTO added, “The Decentr Browser is both the gateway and user accessibility layer to the entire Decentr ecosystem (and the DEC token), affording users an integrated Web3 experience while allowing them to benefit economically from the wider crypto ecosystem.”
For full mainnet release info: https://decentrnet.medium.com/introducing-the-decentr-mainnet-and-mainnet-browser-36f3a3065473
The Decentr team is always available for interviews, press engagement, thought leadership articles and comments.
Decentr is an EU tech start-up building a custom blockchain and crypto browser that returns the control of data to users, securely and immutably. Users unlock the economic value of their secure data via Decentr’s suite of DeFi features.
- Name: Rich James
- Phone: +447985238063
- Email: Admin@decentr.net