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So it's an another Chrome-based browser?

It's not a browser, it's a browser engine. So it would be a replacement for Chrome's engine (Blink) or Firefox's (Quantum).

It's going to be a browser engine and a browser.

Not according to the link. But I didn’t look at the code.

Per the bottom of the article, there is not yet any code that anyone (besides the current author) can look at:

> Source code release in 2024.