Presearch is backed by a community of node operators who process user search requests and earn rewards through the Ethereum-based PRE token.
Beginning September, decentralized search engine Presearch can be listed as a default option on all new and factory-reset devices sold in the UK and Europe, a transfer that would erode Google’s dominance in the search engine market.
The decision by Google to list Presearch as a default browser option follows a protracted authorized battle with the European Commission over accusations that the expertise firm used Android to solidify its search engine dominance. In 2018, the European Commission’s antitrust regulator fined Google a record 4.24 billion euros for unfairly limiting competition on smartphone operating systems. In 2019, Google said it would permit search engine rivals to compete for free on Android devices.
Presearch’s private, decentralized search engine option will now be listed on Android devices alongside several other eligible SERPs across Europe. Though the search engines will be listed randomly, Presearch could seem in a different way relying on the consumer’s location. Regardless of location or device, Presearch could be accessed on a desktop or smartphone by downloading the app via Google Play or the App Store.
Presearch processes are more than 1 million searches per day throughout more than 2.3 million registered users. The corporate stated daily searches have increased more than 300% since January 2021. All search engine requests are processed by Presearch node operators, who earn rewards through Ethereum-based PRE tokens.
PRE tokens are listed on CoinMarketCap and presently commerce for lower than 5 cents. The project has a total market capitalization of almost $17 million.
Although Google remains the de facto leader in the global search engine market, several competitors have attempted to erode its dominance. Brave, a crypto-powered web browser, recently launched a new privacy-protecting beta search engine to provide users with an alternative to Google’s personal data harvesting.