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BAT Developer Reveals why the Project Chose Ethereum Over Bitcoin


BAT Developer Reveals why the Project Chose Ethereum Over Bitcoin

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 > 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 on Bitcoin’s lightning network. But Sampson chimed in soon after: The developer pointed out Bitcoin’s infamous transaction times, network congestion, and cost almost resulted in BAT’s failure. While other posters questioned the claims of high fees, Sampson indicated transaction costs almost equaled the smaller amounts that prototype users purchased. Sampson further noted BAT was issued, instead of having the project run on Ethereum, to specifically target a future “user growth pool” consisting of 300 million BAT and preventing testers from bringing “their own coins.” Read More...