Earlier today, September 22nd, Norwegian company Opera announced plans to add support for yet another blockchain to its crypto browser. The browser, originally launched in January, currently supports 8 different chains, with a number of different types of coins and tokens supported, and the newest addition — Elrond — will be its ninth supported blockchain.
Opera decides to add Elrond support
According to the company’s announcement, the world’s first Web3-focused browser, Opera Crypto Browser, will expand its “already robust suite of networks” by integrating the Elrond blockchain. The browser, which already supports dApps and a non-custodial wallet, has chosen Elrond due to a number of features that make the project a great choice, including high scalability, great speeds, top-notch security for distributed apps, and even enterprise use cases.
The announcement further added that the implementation is planned for the end of the year, and after that, users will be able to send and receive Elrond’s native cryptocurrency, the EGLD token. Like with other blockchains and their tokens, Opera’s built-in crypto wallet will be used for tapping into the blockchain, where users will be able to also access any dApp that runs on Elrond’s network.
This will include global and automated trading dApp Maiar Exchange, numerous P2E games, and more — all without needing third-party wallets or other browser extensions.
Benefits of integrating Elrond
Opera’s Crypto Ecosystem lead, Susie Batt, noted that the seamless integration of the Elrond blockchain would further expand the already wide array of crypto-centric services available to the browser’s users. The interoperability that the crypto industry offers is becoming increasingly important for any and all projects that aim to embrace Web3, and Opera is excited to contribute in its own way by adding yet another chain to its browser.
Elrond further contributes to this goal, as an “internet-scale blockchain” focused on high transaction speeds, security, accessibility, and user experience. Thanks to its sharding algorithm, it can distribute complex computations between different nodes, which increases the speed and reduces the time needed to process transactions. While this concept has spread to a number of other networks since Elrond’s launch in 2020, this particular project is the first chain to incorporate all three aspects of sharding — state, network, and transactions — at the same time.
Elrond’s own CEO, Beniamin Mincu, also commented on the move by saying that Elrond’s novel approach to consensus and sharding allows it to achieve remarkable performance. This is why Opera chose it, and the project is excited to join the browser’s vast user base and offer cheap, fast transactions.
The integration will also allow Opera’s users who never used cryptocurrency before to have an excellent initial experience if they choose to use Elrond and its native token, dApps, and other products.
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