Cryptocurrency Q&A
Is BAT decentralized?
Is BAT decentralized?
Claudio
Fri Jun 21 2024
|
5 answers
637
Could you elaborate on the decentralization aspect of Basic Attention Token (BAT)? Given its function as a digital currency within the Brave browser ecosystem, does it truly exhibit the characteristics of a decentralized network? Are the transactions processed on a blockchain? If so, which blockchain is it built upon? How is the issuance and distribution of BAT controlled? And does it have any centralized decision-making authorities or gatekeepers? Understanding the level of decentralization is crucial for evaluating the token's potential and security.
5 answers
EclipseSeeker
Sat Jun 22 2024
Instead of relying on traditional tracking methods, BAT employs anonymous identities to monitor how users engage with advertisements.
Was this helpful?
79
46
Elena
Sat Jun 22 2024
This approach allows for the analysis of user behavior without compromising their privacy or security.
Was this helpful?
53
65
Lorenzo
Sat Jun 22 2024
BAT, a decentralized platform, utilizes cryptographic encryption as a fundamental measure to safeguard the privacy of its users.
Was this helpful?
291
37
Tommaso
Sat Jun 22 2024
Central to its operation, BAT ensures that user personal data is neither disclosed nor retained within its system.
Was this helpful?
118
46
Giulia
Sat Jun 22 2024
The platform adheres to a strict policy of non-collection of personal information, safeguarding the privacy of its users at all times.
Was this helpful?
96
76
