Web3 privacy-based browser takes on Metamask and Coinbase Wallet
BlockWallet has announced the release of a Web3-based wallet with built-in privacy protections. Users may now download the BlockWallet browser-based solution, which brings in a new age of interfacing with Web3 and the decentralized apps that underpin it.
The BlockWallet team has been developing a non-custodial privacy-oriented browser wallet for accessing the decentralized web, often known as Web3. Even though several wallets are on the market today, many lack privacy, exposing user information to prying eyes. As Web3 is intended to empower consumers and offer them control over their data, the same principle must be applied to financial privacy.
The company has devised methods for addressing common privacy concerns without jeopardizing the wallet’s operation. The browser plugin is available for Google Chrome, Brave, Microsoft Edge, and Opera.
Iman Hossini, the Development Lead of Blockwallet, said:
When users interact with Web3, it poses significant risks because now the financial data is also attached to the user. As we build Web3, we should not make the same errors as before but aim to create a truly private Web3 experience. BlockWallet launch is a significant step towards this goal.
In early 2021, BlockWallet secured $1.8 million in its initial investment round, including a 68x oversubscription. X21 Digital, Woodstock, Spark Digital Capital, Four Season Ventures, and others are among the investors in the $BLANK token private sale. The $BLANK token was released on Polkastarter and has over $12 million market capitalization.
What exactly is Web 3.0?
The term “Web 3.0” refers to the internet’s next generation. Sites and apps will manage data in an intelligent, human-like way, using capabilities like machine learning (ML), big data, and distributed ledger technology (DLT). Web 3.0, termed the Semantic Web by Tim Berners-Lee, the inventor of the World Wide Web, aims to build a more self-governing, autonomous, and uncensored web.
Data will be connected decentrally, which is a significant step forward from the current generation of the internet (Web 2.0), where data is primarily stored in centralized repositories. Users and machines will both be able to interact with data. However, programs must be theoretically and culturally knowledgeable for this to occur. With this in mind, Web 3.0 is built on the semantic web and artificial intelligence (AI).
Web 3.0 is the next evolution of the internet, enabling it to handle data with near-human intelligence via the deployment of AI systems capable of running new programs to assist users.
According to Tim Berners-Lee, The Semantic Web is intended to interact “automatically” with systems, people, and home devices. Consequently, both humans and machines will be engaged in the creation and decision-making of content. This will enable the intellectual development and distribution of highly customized information to each internet user.
This new web will provide a more individualized and customized browsing experience and a more intelligent and human-like search assistant, and other decentralized benefits, all of which are intended to contribute to an equal online environment. This will empower users to manage their data and improve the overall experience via various innovations that will be introduced once the platform is in place.
When Web 3.0 arrives, the internet will become more integrated into our daily lives, which is tough to conceive considering how smart devices have already altered our behavioral patterns.
Just about all of today’s typically offline machines, ranging from household appliances such as ovens, vacuum cleaners, and refrigerators to all forms of mobility, would become part of the IoT economy, conversing with its autonomous servers and decentralized applications (DApps), progressing new virtual realms such as blockchain and digital assets and enabling a slew of new technological “miracles” for the 21st century.
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Image credits: Jamie Street and Shubham Dhage.