opera browser nft dappschaudhrytechcrunch

In the near future, the Opera Crypto Browser Project will also integrate Layer 2 solutions.įor the uninitiated, Layer 2 refers to a group of solutions that help scale applications, reduce transaction times, and lower transaction costs, making them more user – and environmentally – friendly. Currently, Ethereum Layer 2 is available in the Opera browser for the Android beta version, which can be downloaded here. Moreover, they can easily swap and transfer tokens directly in the wallet, thanks to DeversiFi’s technology. Install the beta version of Opera for Androidīesides, users can deposit fiat or ETH directly from their Layer 1 wallets (via Moonpay).As a result, Opera will be able to eliminate high transaction fees and offer instant trading to millions of its mobile users. StarkWare’s groundbreaking StarkEx scalability engine backs DeversiFi, which makes Layer 2 transactions 100 times faster and cheaper than Ethereum Layer 1.

What to expect from Opera Browser’s Layer 2 integration?

Simultaneously, they introduced very simple fiat-to-crypto on-ramps and brought crypto capabilities to its desktop and iOS browsers. After that, the company integrated more blockchains such as Bitcoin, Celo, and others. In 2018, Opera became the first browser to include a built-in crypto wallet and dApp explorer. This is a step forward in Opera’s strategy to make cryptocurrency more mainstream.

The new solution brings low cost and near-instant DeFi functionality to Opera’s millions of users. This will allow for cheap and instant transactions within the Opera mobile browser wallet. Opera, the creator of the popular Opera web browser, has announced an integration with Ethereum’s Layer 2 exchange DeversiFi.

Opera browser nft dappschaudhrytechcrunch