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      Basic Attention Token

      Basic Attention Token

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      Circulating Supply
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      Basic Attention Token(BAT) price, charts, marketcap

      1 BAT = 0.3635111 USDT 3.90%

      About Basic Attention Token

      Basic Attention Token or BAT is an ERC 20 type cryptocurrency built on the Ethereum network. It aims to improve the efficiency of digital advertising, rewarding both the user and the advertiser, and bring more transparency to this otherwise opaque and fraudulent business. It is used on the Brave web browser, a browser that disables trackers and ads. The browser monitores users attention to certain content or advertisements and rewards both the publisher, advertiser and the user with BAT. The current advertisement market is increasingly invasive and bloated with malware, and publishers see little in the way of income (unless we’re talking about Google and Facebook). BAT considers that user attention is an important factor to the monetization of an advertisement and whether or not it should be present on the market. By storing all this information in a distributed ledger, the Brave browser and BAT can improve digital advertisements by showing users less ads, but more tailored to their preferences. Publishers can find new sources of revenue and advertisers can target particular users based on the documented preferences and interests, in a much less invasive manner that it is done today. BAT and Brave have been created by the co-founder of Mozilla and JavaScript, and raised $35 million in less than 30 seconds in a crowdsale that took place in May 201.

      Read more about Basic Attention Token

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      Basic Attention Token



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      History of Basic Attention Token(BAT)

      Basic Attention Token like all other cryptocurrencies is based on the model of the first actual cryptocurrency, Bitcoin. However, before Bitcoin’s and Basic Attention Token’s time , cryptocurrencies were much more different, relying instead on a centralized power structure rather than the decentralized governance we see today. If it weren’t for the works of cryptographers such as David Chaum, Wei Dai, Nick Szabo and Hal Finney, who established some of the ground concepts for modern cryptocurrencies, Bitcoin, Ethereum and Basic Attention Token would not exist today. However, the most important reason why Basic Attention Token was made possible is thanks to a person or a group of people under the alias Satoshi Nakamoto. He took the concepts that cryptographers before him established and managed to create an actual peer-to-peer electronic money system that couldn’t be counterfeited. If Satoshi Nakamoto didn’t create Bitcoin, it is hard to say if Basic Attention Token or most cryptocurrencies would exist today.

      Basic Attention Token is a cryptocurrency with the symbol BAT and it’s price ticker on our website is 0.36. Its current price is 0.36 and the total change over the past 24 hours is 0.01. Basic Attention Token boasts a volume of 6,665,629.14 in the past 24 across your selected exchanges.

      Basic Attention Token Characteristics

      Cryptocurrencies like Basic Attention Token use strong cryptographic protocols, or very complex computer code to secure transfers of information, in order to create a safe system that is notoriously difficult to crack. The programmer of digital currencies such as Basic Attention Token base these protocols on complex mathematic and computer engineering fundamentals, creating a structure that makes it impossible to replicate funds for Basic Attention Token and also hides the identities of the parties involved on any transaction on Basic Attention Token network , unless the participants freely disclose their information.

      Basic Attention Token Operates on a Blockchain

      Basic Attention Token, like most cryptocurrencies operates on a blockchain, a new and disruptive technology that offers benefits for storing, securing and transferring information that was not otherwise possible before its inception. The idea of blockchain was first discovered in 1991 by Stuart Haber and W. Scott Stornetta, however it was not until an anonymous person or group under the alias of Satoshi Nakamoto that created the first functional blockchain (Bitcoin’s blockchain) and improved on the ideas of Haber and Scornetta to create a truly functional distributed ledger.

      You can imagine the blockchain that Basic Attention Token is based on as a giant, distributed database where every transaction’s information is recorded and then spread on a massive network of connected nodes or computers. The information for transaction of Basic Attention Token is then multiplied and stored on each individual node, so in order to change it you would have to access he majority of the Basic Attention Token’s nodes at the same time, which has so far proven to be impossible.

      The advantages that Basic Attention Token runs on a blockchain are that it is very cost effective to run, compared to other centralized resources, due to the cost of operating being split amongst all the network participants.

      No one can alter the defining characteristics that govern Basic Attention Token base, unless certain conditions are met and changes are implemented by the developer team or a network wide consensus is reached for the changes to be applied.

      One disadvantage of operating on a blockchain is that generally, transactions with Basic Attention Token are final, meaning that is very unlikely that a transaction can be rolled back if a mistake occurs. Be careful when transacting cryptocurrencies such as Basic Attention Token and make sure you double check all the details of the transaction before submitting it.

      Basic Attention Token also boasts a higher degree of safety, as the mechanisms of the blockchain are incredibly hard to crack

      Basic Attention Token Advantages

      Decentralized Point of Control

      Basic Attention Token (BAT) is defined by a decentralized governance system, which does not rely on a single point of control to manage transactions on the network in the same way a bank would. Because of this Basic Attention Token’s network features a distinct advantage that makes it very difficult to counterfeit or imitate. Another advantage of being decentralized is that any attacks on Basic Attention Token’s network will have to be in multiple places at the same, whereas a bank or any centralized system will have an host of servers in one place.

      Cost Efficient

      Generally speaking, auditing records is a time consuming and expensive process, whereas for Basic Attention Token which stores all its records on the blockchain, this can be done with minimal effort and in a much shorter time.

      Establishing a Digital Identity

      You can create your own identity on the Basic Attention Token blockchain, which can be though of as an account of sorts. Whenever you open an “account” on the Basic Attention Token blockchain, you will be given a private key, which lets you interact with the blockchain, and a public key, which let others identify and interact with you.


      Since all information that is transmitted on the Basic Attention Token blockchain is stored and secured on a wide network of computers or nodes, you can always be sure that the information presented is valid and has not been tampered with.

      Basic Attention Token Supply Details

      Basic Attention Token is distinguished from traditional fiat currencies due to way the supply works for most cryptocurrencies. Another interesting fact about Basic Attention Token’s supply is there can be two other types of supply aside from the maximum supply. One is the total supply which indicates the amount of coins there are currently in existence. For Basic Attention Token the total supply is 1500000000. This is the sum of all Basic Attention Token units that have been mined or created since the network’s creation. . The other one is the circulating supply which for Basic Attention Token is 1263360090. This can be different that the total supply due factors such as funds being locked in escrow, coins being locked in masternodes.

      How to Store Basic Attention Token

      There are a few way to store your Basic Attention Tokens , and they all involve a certain types of both physical and electronic wallets. Regardless of what kind of wallet you will use, in order to access your Basic Attention Token funds you will need to have a private key and a public key. With the private key, you can access your funds and send them to whoever you like, just as long as it is an address that Basic Attention Token is compatible with. Never ever disclose your Basic Attention Token private key or also called private address, as this will give anyone who has it full control over your wallet. The other type of key is the public key or address, which is used for other people to send Basic Attention Token to your wallet, and this one can be freely disclosed but it can be used to identify you if a name is ever associated with your public address.

      Basic Attention Token Paper Wallet

      The only physical and non-electronic way to store your Basic Attention Token is through a paper wallet, and this is possibly the safest way to protect your Basic Attention Tokens. Simply write the private and public keys of your Basic Attention Token wallet on a sheet of paper, however you will need access to an electronic device should you choose to send or move your Basic Attention Token funds to another address. The risk here is losing or damaging the sheet of paper with your Basic Attention Token public key.

      Basic Attention Token Hardware Wallet

      You can store Basic Attention Token on a device like a Trezor or USB drive. You are able to make online transactions by plugging them into any any net enabled device to send Basic Attention Token to another address. Usually the hardware device that you store your Basic Attention Token on is offline which is a great security advantage. Please conduct proper research before purchasing any hardware wallet to store Basic Attention Token funds on as many are outdated or of poor quality.

      Basic Attention Token Desktop Wallet

      Desktop wallets are a convenient and easy way to store your Basic Attention Token coins. Find a reliable wallet software that support Basic Attention Token install it on your PC and that’s pretty much it. It can be dangerous if any virus infects your PC or if any physical damage comes to it, which can result in the loss of all your Basic Attention Token funds.

      Basic Attention Token Online Wallet

      For online wallets, they operate in the cloud and your private and public keys for your Basic Attention Token funds are stored in the cloud as well. Very handy if you plan to access it from multiple devices but they also put your Basic Attention Token at great risk due to security breaches in the cloud storage which is not that unheard of.

      Basic Attention Token Mobile Wallet

      The most easy-to-use method of storing Basic Attention Token is on a mobile wallet. It is a simple smartphone application where you set up an account and you can use it to send Basic Attention Token by scanning a QR code or even use it to pay in any shops that accept Basic Attention Token. However, your Basic Attention Token funds can be lost if your phone is damaged or if its security is breached.

      Basic Attention Token Summary

      Basic Attention Token’s network can be defined as a payment system, with accounts, transactions and balances. You can store Basic Attention Token on one of the wallet types mentioned above and it will act as your own personal bank account that you are responsible of maintaining and keeping your private keys secure. Basic Attention Token as a cryptocurrency allows you to make secure transactions and you can always check the transaction details by checking the Basic Attention Token public ledger, if applicable. This revolutionary method of being your own bank assured that Basic Attention Token and other cryptocurrencies will play a vital role in the way we conduct transactions and how we define currencies in the future.

      What you can do with Basic Attention Token on CoinExchangeData.

      You can add Basic Attention Token to your watchlist on our platform, in order to keep better track of its price movements. Another handy way to always be up-to-date with any prices changes is to add alerts for Basic Attention Token and you can do so by set up your personalized alerts by creating an account and going to the alerts tab. Charts and price metrics for Basic Attention Token are readily available and we guarantee that the information supplied by CoinExchangeData is as accurate as possible. All the volume and price information regarding Basic Attention Token reflects the same information you can find on exchanges, so it is very easy to find the best exchange to purchase or sell Basic Attention Token on. Our converter lets you find accurate conversion quotes for Basic Attention Token against other cryptocurrencies and most traditional fiat currencies. You can use it to see if exchanging Basic Attention Token for another digital currency can be a more profitable investment or just to check the value of your portfolio.

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