Opera Announces PC Browser With Built-in Ethereum Wallet - Bitsonline

Opera Announces PC Browser With Built-in Ethereum Wallet

Opera’s web browser for Windows, Mac, and Linux will soon have built-in functionality for a crypto wallet. It will work in conjunction with Opera’s Android browser, which was released in private beta last month.

Also read: Red Bull Attempts to Boost Digital Engagement Via Crypto

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Opera’s PC Browser Will Access Smartphone Wallet

Opera’s PC web browser works by accessing the ether (ETH) wallet built into the company’s mobile Android browser, which was released as a private beta in July. Users of the PC browser will scan a QR code in order to connect to the wallet on the mobile browser.

Once connected, they will be able to use the wallet to make transactions on Ethereum’s network from their PC without requiring a browser extension. Since the private keys of the wallet are stored on the smartphone, users will be able to sign transactions using fingerprint verification, if their phone supports it.

Charles Hamel, Product Lead of Opera Crypto said in a statement that:

“By adding a crypto wallet directly into the browser, we removed the need for complex extensions or separate apps. Opening up the PC browser to crypto marks Opera’s second step towards making cryptocurrencies and Web 3.0 mainstream.”

The Opera Android browser, released on July 11th in private beta but soon available to a wider audience for testing, was one of the first browsers to have a built-in crypto wallet. It supports both ETH and ERC721 tokens, according to Opera. In January, the company also introduced protection from crypto-jacking for its mobile browsers.

Opera Looking to Compete With MetaMask

Opera is attempting to compete with MetaMask, the most popular web-based ether wallet. An Opera extension for MetaMask already exists, and the ConsenSys funded wallet also has compatible extensions for Chrome, Firefox, and Brave.

MetaMask just announced that it would be integrating the Trezor hardware wallet. Using such a setup provides a higher level of security than other web-based wallets, or even a mobile wallet like Opera is now offering.

Security issues have plagued Ethereum web wallets. In April, MyEtherWallet (MEW) was hit with a DNS hijacking that cost MEW users up to 215 ether. After that attack, it was noted that those who used a hardware wallet like Ledger or Trezor would have been less susceptible to it.

Opera MEW hijack

Development of Ethereum Continues Apace

There’s been a steady stream of news out of the Ethereum community in recent weeks. In a development update from Prysmatic Labs, the firm discussed their plans to create a full beacon node that runs a Casper FFG PoS sidechain pegged to the Ethereum mainchain, as well as an independent sharding client. They also take a thorough look at the Casper + Sharding 2.1 design specification.

Prior to that, Status, an Ethereum OS project, announced Nimbus, a sharding implementation whose goal is to “add a mobile-first implementation to the Ethereum client ecosystem, ultimately increasing its resilience and potential user base.” Also, PegaSys, part of ConsenSys, announced Orion, a “permissioning subsystem that facilitates private transactions between authorized parties.”

As for the DApps currently running on Ethereum, the top three are IDEX, a decentralized exchange, Fomo3D, a controversial Ponzi game, and ForkDelta, another DEX, per State of the DApps. Though the price crash of the crypto markets over the past 24 hours is putting hodlers in a bad mood, it does have a silver lining: the cost in fiat to make transactions on the Ethereum network has decreased.

Have your say. Will you use Opera’s new Ethereum wallet?


Images via Pixabay

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