The new offering ensures compatibility with a wider range of Bitcoin addresses and improves the user experience.
The latest Brave Browser update (version 1.63) now allows users to create and manage SegWit native Bitcoin accounts, according to the company announcement on Tuesday. Now the team is aiming for this implement support for BRC-20 tokens and ordinals later this year.
“Later this year we will add support for more Bitcoin accounts types, that will allow users to store BRC-20 and Sort tokens in Brave Wallet and will make all these features available across all desktop and mobile versions of Brave,” the Brave team noted.
According to Brave, Bitcoin has matured through various challenges since its inception and “has proven to be a resilient asset class.” The recent approval of several spot Bitcoin exchange-traded funds in the United States indicates growing interest and institutional adoption.
Additionally, with the rise of non-fungible tokens and decentralized finance, Bitcoin’s use cases are expanding beyond its initial peer-to-peer payments and store-of-value functions.
With the latest offering, Brave aims to provide users with lower transaction fees and better error detection as compared to other types of Bitcoin accounts. Brave Wallet now supports sending and receiving transactions from all types of Bitcoin addresses, including Legacy, Nested SegWit, Native SegWit (newly added), and Taproot.
James Mudgett, VP Web3 Products at Brave, explained the goal of the expansion of functionality, said:
“Our goal with Brave Wallet is to deliver the most secure and privacy-friendly software wallet for everyday use. As the Bitcoin ecosystem expands with new apps and services, Brave Wallet will be there to put security and privacy first help keep user resources safe.”
Following the debut of SegWit native Bitcoin accounts, Brave plans to integrate secured Zcash transactions into Brave Wallet, how reported in the advert. This integration will be part of Brave’s partnership with Zcash and the Filecoin Foundation.
