Opera Web Browser Announces Built-In Cryptocurrency Support

Author: Michael R.
Date: 
December 15, 2018
Read time: 
2 Minutes

Opera, the fifth largest web browser, has announced its new cryptocurrency focused features. Revealed at Hard Fork Decentralized in London, the new features are available for Android only and were built to “enable users to interact with decentralized apps (dApps), manage their digital identity, and make transactions.”
 

Opera, the fifth largest web browser, has announced its new cryptocurrency focused features. Revealed at Hard Fork Decentralized in London, the new features are available for Android only and were built to “enable users to interact with decentralized apps (dApps), manage their digital identity, and make transactions.”
 

For now, the browser has a built-in wallet feature that is compatible exclusively with Ethereum and ERC-20 tokens. Project Lead Charles Hamel explains the reasoning to start with Ethereum:

“We’ve decided to support Ethereum, as it has the largest community of developers building dApps and has gathered a lot of momentum behind it.”

Opera did mention that they plan to support more protocols and cryptocurrencies, but they have not officially announced any specifics.

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Additionally, users should keep in mind this is only for Android. Generally, hardware wallets are recommended for large amounts of cryptocurrency, but smartphones are decent for “day-to-day storage” and serve a clear path towards mainstream adoption. The point being that Hamel acknowledged the decision to use Android OS because of its well-regarded security.

Still, Hamel has not forgotten about their primary audience using the desktop application: “We also kept this true for our desktop product, which benefits from this security, while making the wallet available in the desktop browser through our pairing system. The keys remain always within the Android keystore.” The goal is that while the cryptocurrencies may be stored on the phone, users can still access and view balances from within the web browser. This is undoubtedly another big step forward for the industry.

Despite the current bear market, the technology is moving forward. If you want to be prepared for the next bull run and learn about this new and exciting industry, then come check out our start investing guides - you will be glad you did.

Posted by Michael R.

Michael is an entrepreneur who has been deeply involved in the cryptocurrency industry since early 2014. He joined Cryptomaniaks as a cryptoanalyst, helping to create accurate and digestible content.

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