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Ethereum [ETH] supported Opera Labs arrives for desktops, cryptocurrency wallet integrated

Akash Anand

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Ethereum [ETH] supported Opera Labs arrives for desktops, cryptocurrency wallet integrated
Source: Unsplash

On Wednesday, 27th September, Opera, the web browser company stated that the new version of the Opera Labs on desktop will include a cryptocurrency wallet feature, a move aimed to push cryptocurrencies into the realm of mainstream adoption.

The feature, which is still undergoing beta testing, will be rolled out to all the versions of the browser once the testing process is done. Opera was the first ever full-fledged browser to adopt cryptocurrencies for the mobile platform and the shift to desktops has been seen as a positive move by users.

Mabed, a cryptocurrency enthusiast stated:

“ I  still don’t get how people doubt the use of cryptocurrencies. If larry elision can go for the digital assets, normal mortals can bloody well adapt to it too.”

Charles Hammel, the Product Lead if Opera Crypto had earlier stated:

“Having a Crypto Wallet in the browser brings the cash experience to the world of online payments. Paying with the Crypto Wallet is like sending digital cash straight from your phone, and we’ve just made it easier. This opens up new possibilities for merchants and content creators alike.”

The reports from the California-based company has informed users that the new desktop version will not be fully independent of the older mobile variant. The users who need to use the desktop version will be required to interconnect with the mobile Opera cryptocurrency wallet and then use the handset to authenticate transactions. Opera has stated that this multi-factor authentication is aimed to increase privacy and security within the Opera wallet ecosystem.

The Ethereum based wallet will be used to create a one of a kind user experience with features that allows the holders to handle their funds and natively browse dApps on the Ethereum blockchain.



Charles Hammel had further stated:

“We believe the web of today will be the interface to the decentralized web of tomorrow. By becoming the first major browser to open up to Web 3.0, we would like to contribute to making the internet of the future more accessible. Our hope is that this will accelerate the transition of cryptocurrencies from speculation and investment to being used for actual payments and transactions in our users’ daily lives.”

At the time of wiring, Opera Labs only supports Ethereum and is ERC 20 and ERC 721 tokens with other cryptocurrencies in the company’s future pipeline.





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Ethereum

Ethereum Classic [ETC] might boost security value of Ethereum, claims ETC’s Donald McIntyre

Biraajmaan Tamuly

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Ethereum [ETH] can be benefit Ethereum Classic as ETC might boost the security value of ETH, claims Donald McIntyre
Source: Pixabay

Ethereum [ETH] is one of the most proficient cryptos in the space and its wider adoption has become one of the most speculated and debated topics in the cryptosphere. Recently, Ethereum [ETH] welcomed a major partnership with Ernst and Young, which could signal the release of its new-zero proof technology on the Ethereum blockchain.

Despite such major developments, one of the major issues Ethereum and other major cryptocurrencies have faced is the addition of security value to their asset.

A prominent Ethereum Classic [ETC] proponent believes that the ETC network can assist the main Ethereum blockchain in improving its security.

Donald McIntyre, the manager of ETCDEV, an organization focused on the development of Ethereum, recently stated that the divergent functions of ETH and ETC could improve the relevance of Ethereum Classic.

McIntyre drew a comparison between ETH and ETC, terming the respective digital assets as a “sports car” and an “armored vehicle”. He drew this comparison to explain that ETH was fundamentally about scaling and performance, while ETC emphasized on high value and security.

He suggested that ETH was heading towards the identification of a network which would provide high speed and high transactions layers to meet high-performance applications, whereas ETC was based on decentralized computing and smart contracts between people and companies.

He added,



“In that analogy, ETC could even provide security services to high performance networks such as ETH. I think it would be a big advantage for both ecosystems [ETH and ETC] to analyze that possibility as it would likely minimize, in the context of a standards war, which means that only few networks will survive in the future.”

He further piled on the “unique characteristics” of ETC, stating that after ETH’s transformation to ETH 2.0, ETC would be the only non-fragmented, fixed monetary policy, PoW, and Turing-based blockchain.

He said,

“That is an extremely valuable niche in the industry that will be increasingly appreciated in the next few years as the layer 1 [L1] vs layer [L2] and security vs performance segmentations become more evident for market participants.”





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