{"id":132493,"date":"2020-05-05T00:44:15","date_gmt":"2020-05-04T23:44:15","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=132493"},"modified":"2020-05-05T00:47:22","modified_gmt":"2020-05-04T23:47:22","slug":"bat-developer-reveals-why-the-project-chose-ethereum-over-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bat-developer-reveals-why-the-project-chose-ethereum-over-bitcoin\/","title":{"rendered":"BAT developer reveals why the project chose Ethereum over Bitcoin"},"content":{"rendered":"<p>Basic Attention Token (<a href=\"https:\/\/cryptoslate.com\/coins\/basic-attention-token\/\">BAT<\/a>), the cryptocurrency powering the wildly popular <a href=\"http:\/\/cryptoslate.com\/products\/brave-browser\">Brave browser<\/a>, was initially issued on Bitcoin before switching to Ethereum, a project developer revealed on May 4.<\/p>\n<h2>Ethereum &gt; Bitcoin for Brave<\/h2>\n<p><a href=\"https:\/\/twitter.com\/BraveSampson\">Jonathan Sampson<\/a>, one of the chief developers of BAT, answered a naysayer stating the protocol would have worked faster if it worked on Bitcoin\u2019s lightning network.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">If <a href=\"https:\/\/twitter.com\/brave?ref_src=twsrc%5Etfw\">@brave<\/a> had just used BTC\/lightning instead of some made up token it&#39;d be wonderful.. I&#39;m sure they know this by now but are stuck<\/p>\n<p>&mdash; Lommy (@thefuckisalommy) <a href=\"https:\/\/twitter.com\/thefuckisalommy\/status\/1256681693936791552?ref_src=twsrc%5Etfw\">May 2, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>But Sampson chimed in soon after:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We launched our prototype on Bitcoin. Network fees and congestion nearly buried our project. Our users were buying $5 in Bitcoin, and paying as much as 90% in fees. And having to wait a terribly-long time for their coins after that. BTC\/LN wasn&#39;t ready.<\/p>\n<p>&mdash; Sampson (@BraveSampson) <a href=\"https:\/\/twitter.com\/BraveSampson\/status\/1257026827643748354?ref_src=twsrc%5Etfw\">May 3, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The developer pointed out Bitcoin\u2019s <a href=\"https:\/\/cryptoslate.com\/bitcoin-median-transactions-fees-now-the-lowest-since-2011\/\">infamous transaction times<\/a>, network congestion, and cost almost resulted in BAT\u2019s failure. While other posters questioned the claims of high fees, Sampson indicated transaction costs almost equaled the smaller amounts that prototype users purchased.<\/p>\n<p>Sampson further noted BAT was issued, instead of having the project run on Ethereum, to specifically target a future \u201cuser growth pool\u201d consisting of 300 million BAT and preventing testers from bringing \u201ctheir own coins.\u201d<\/p>\n<p>But Sampson did not entirely rule out <a href=\"http:\/\/cryptoslate.com\/coins\/bitcoin\">Bitcoin<\/a>. A user asked if the project was likely to try the Lighting Network now that a stable build is running seamlessly. The developer answered:<\/p>\n<blockquote><p>\u201cAs we've said in the past, we'll adapt as needed, but I personally do not see how Brave would be improved by using Bitcoin rather than the Attention Token.\u201d<\/p><\/blockquote>\n<p>He added Brave now boasts 13 million unique users and \u201chundreds of thousands\u201d of publishers.<\/p>\n<p>The above metrics might congest the Ethereum network, which was tested when <a href=\"https:\/\/cryptoslate.com\/ethereum-network-congestion-doubles-gas-fees-as-game-dapps-capture-7-5m-in-24-hours\/\">CryptoKitties rose in 2018<\/a>. At the time, users reported hour-long transaction periods and inflated fees, even up to $90 in some isolated instances.<\/p>\n<p>Sampson echoes the sentiment. He stated Brave\u2019s problems in 2016\/17 were \u201cunique to that point.\u201d But now, users have a simple opt-in for BAT ads ad payouts, with no major issues since platform launch.<\/p>\n<h2>BAT's rise to top crypto<\/h2>\n<p>BAT has grown in fundamentals since its inception. The token remains one of the most widely-used cryptocurrencies and saw its adoption surge among retail users when Brave <a href=\"https:\/\/cryptoslate.com\/basic-attention-token-bat-is-surging-as-brave-1-0-launches\/\">version 1.0 was launched<\/a>.<\/p>\n<p>Recently, crypto exchange Binance and Brave <a href=\"https:\/\/brave.com\/binance-widget\/\">announced<\/a> the launch of an in-browser trading widget that allows users to integrate the former. The move helps users to connect directly with Binance and use the exchange\u2019s services for transactions and storage, all while never leaving the Brave browser.<\/p>\n<p>At the time of writing, BAT trades at $0.18 and has risen 7 percent since April 2020. Last month, CryptoSlate <a href=\"https:\/\/cryptoslate.com\/heres-why-basic-attention-tokens-on-chain-metrics-are-exploding-as-gemini-prepares-listing\/\">reported<\/a> the cryptocurrency\u2019s unique on-chain metrics were pointing towards higher prices, ahead of Gemini\u2019s listing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Basic Attention Token (BAT), the cryptocurrency powering the wildly popular Brave browser, was initially issued on Bitcoin before switching to Ethereum, a project developer revealed on May 4. Ethereum &gt; Bitcoin for Brave Jonathan Sampson, one of the chief developers of BAT, answered a naysayer stating the protocol would have worked faster if it worked [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":132559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,37],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BAT developer reveals why the project chose Ethereum over Bitcoin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bat-developer-reveals-why-the-project-chose-ethereum-over-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BAT developer reveals why the project chose Ethereum over Bitcoin\" \/>\n<meta property=\"og:description\" content=\"Basic Attention Token (BAT), the cryptocurrency powering the wildly popular Brave browser, was initially issued on Bitcoin before switching to Ethereum, a project developer revealed on May 4. Ethereum &gt; Bitcoin for Brave Jonathan Sampson, one of the chief developers of BAT, answered a naysayer stating the protocol would have worked faster if it worked [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bat-developer-reveals-why-the-project-chose-ethereum-over-bitcoin\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-04T23:44:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-04T23:47:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2020\/05\/ethereum-code.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" 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