Business & Finance

iOS Crypto Wallet – Browser Bringing Users Closer to Web 3.0

iPhone users would now be able to use Opera’s blockchain-friendly browser now, thanks to the new update to Opera’s iOS app. According to the blog post by the company, the browser will have the same functionality as its Android and desktop browser. It will offer the same Web 3.0 experience to its users along with the built-in blockchain wallet that can be used to make purchases through the browser directly.

The wallet currently allows transactions in Ethereum and all ERC -20 standard tokens. The company announced last month that they were adding Tron tokens to the wallet as well. The Tron integration gave Opera users access to not only TRC and TRX tokens but also games and dApps were made available to users without third-party extensions.

The blockchain friendly browser has been available for desktop computers and Android devices for some time now while the iPhone users were deprived of Opera’s innovative new browser.

The users will also get access to decentralized apps called dApps. dApps are apps that abide by four rules: the ability to incentivize themselves as based on open source, abide by an algorithm/protocol that ensures proof of value based on community consensus, and are decentralized. In the blog post, Opera officials said:

“We believe that the Web of today will be the interface to the decentralized web of tomorrow (Web 3.0). With built-in Crypto Wallet, the browser has the potential to renew and extend its important role as a tool to access information, make transactions online and manage users’ online identities in a way that gives them more control.”

Opera has been shifting its focus toward Web 3.0 for quite some time. The company commands more than 3% of the global browser market share and is now aiming to acquire more with their new offering. Web 3.0 is an umbrella term that encompasses a few emerging technologies, like distributed ledger systems, blockchain and cryptocurrencies.

Together these technologies extend the overall capabilities of the internet. They create meaningful ways of interaction between users and the internet, making data anonymous and peer to peer payments easier. Opera’s blog post further says there are still a few barriers to Web 3.0 adoption:

Web 3.0 still faces many challenges before it can reach wider adoption. These barriers range from users’ understanding of new terminology to difficulties in acquiring cryptocurrency and complicated installation procedures.

Opera’s Crypto Wallet

Opera announced a crypto wallet in its browser on April 9, 2019. The company introduced the wallet to venture into the blockchain based internet, known as Web 3.0. The company launched the new wallet with the latest version of their browser, Opera 60.

The new wallet allows the users to make transactions within the browser. The interaction with Web 3.0 is also smooth and seamless. The Opera Wallet is packed with security and privacy features. The press release by Opera explained:

In practice, whenever they need to identify themselves to a Web 3.0 website or sign a transaction on the blockchain, users get a notification on their smartphone. They can confirm it in the same way they unlock their system, using, for example, facial recognition or their fingerprint.

READ ALSO: Opera Just Took Another Step Towards Web 3.0

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Shahzaib Zafar

Electrical Engineer, Crypto enthusiast, a tech nerd and a developer with a keen interest in blockchain, writes daily articles about bitcoin and cryptocurrencies for blockpublisher.

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