Monday, December 5

Opera Launches First Blockchain Web Browser To Buy NFTs – Here’s How It Works

Opera may not be the first web browser of choice in a market dominated by Google Chrome, but for avid crypto users, it might be worth switching to the company’s latest web portal.

Opera Announced your new Web3 “Crypto Browser”. It is a web browser. as reported by Engadget, which contains a built-in crypto wallet with easier access to cryptocurrency exchanges and NFTs for decentralized applications, also known as dApps. Opera’s new Web3 browser is now available in beta for personal computer, Mac Y Android The telephones. iOS support is coming soon, according to Opera.

What is Web3?

To understand the importance of Opera’s latest cryptographic browser, one must understand Web 3.0 or Web3. In the beginning, the early days of the Internet, or Web 1.0, were decentralized networks of servers that people navigated to individually. For example, users would choose to go to Yahoo, CNN or even Tom’s Guide. Web 2.0 centralized much of that maneuverability online. Suddenly, users were curating content through centralized platforms like Google and Facebook. In today’s Web 2.0 world, a user doesn’t go to the New York Times, but instead links to it through a shared post on Twitter.

Web3, as explained cabling, aims to free the Internet from “monopoly control”. This Web3 world will rely less on server storage and instead live on the blockchain. Essentially, users themselves will own parts of the Internet by having an ownership interest. Trust in the Internet may shift away from Amazon web services and toward decentralized blockchains instead.

Why Opera wants to make the first Web3 browser

“As interest in a more decentralized Web grows, we’ve chosen to play an active role in shaping what the next generation of the Web will look like and be accessed,” Opera’s Susie Batt said in a statement. blog post.

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To do this, Opera understands that it will take some learning on the part of the consumer. Understanding blockchain and cryptocurrencies may seem obtuse to many. For Opera, this browser is not only meant to be easy to use, but attractive enough that the vast majority of cryptocurrency users will abandon Chrome, Edge, Firefox, or Safari.

Opera’s Web3 browser is “specifically designed to work with a variety of decentralized applications, or dApps, as well as provide deeper functionality than a traditional browser that has a basic web wallet plugin,” Batt said.

The browser is not only based on Chromium, the “Crypto Corner” will provide users with the latest blockchain news, airdrops, upcoming industry events, NFTs, crypto communities, educational content, and podcasts. It really seems that Opera is creating the best browser for crypto enthusiasts.

Users can log in to their crypto wallets directly through the browser, without the need to install extensions. According to Opera, this adds additional security. Opera will also allow users to use third-party browser-based wallets, such as Metamask, Coinbase, or Binance. Opera users will also enjoy “No registration browser VPN, native ad blocker and tracker blocker”.

Opera will also implement support for ETH, ERC-20, ERC-721 and ERC-1155 tokens to enable the purchase of cryptocurrencies via fiat currency.

Of course, the high power load required to move crypto transactions has been a concern for environmental activists. Opera states that it is currently working on Layer 2 adoption for Ethereum 2.0, which is currently in development. It is said that 2.0 will reduce the impact of the blockchain by around 95%.

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If Web3 is going to become the new web standard on the Internet, then it wouldn’t be too surprising if Firefox, Chrome, and Safari soon follow suit. Either way, this could be a much-needed advantage for Opera, which has only 2.35% global market share nowadays.

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