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Opera Integrates Ethereum Layer 2, bringing access to DeFi to Millions of Users

The growing popularity of the decentralized finance (DeFi) sector and the ongoing enthusiasm for non-fungible tokens (NFTs) are causing exorbitant transaction fees on Ethereum’s mainnet. Integrating a Layer 2 solution through a partnership with DeversiFi makes it easier, faster, and cheaper for Opera users to send ETH to each other in p2p transactions using the Layer 2 swapping feature.

DeversiFi is powered by StarkWare’s innovative StarkEx scalability engine, which instantly makes transactions via Layer 2 100 times cheaper than via Ethereum Layer 1. Therefore, Opera can eliminate costly transaction fees and introduce instant trading to millions of mobile users.

This move is a further step in Opera’s strategy to make the use of crypto more mainstream: In 2018, Opera introduced the first browser with a seamless built-in crypto wallet and dApp Explorer, later Bitcoin. Introduced by integrating more blockchains, including Celo, etc. Brings encryption to your browser’s very simple encryption on-ramp and its desktop and iOS browsers.

of January 2022, Opera has announced the launch of a beta version of the Crypto Browser Project. This is a dedicated Web3 browsing experience that integrates Layer 2 solutions in the near future.

“”Facilitating access to the web is part of Opera’s DNA. We have provided users around the world with extreme data savings, privacy, or ad blocking capabilities. Now it’s time to get rid of one of the major hurdles associated with using web3: exorbitant gas charges and slow network speeds.,” Said Jorgen ArnesenOpera’s EVP Mobile.

“”With this integration, everyday Opera users can seamlessly interact with DeFi in a user-friendly interface and experience a whole new way to interact with financial services. Layer 2 technology is revolutionizing the blockchain industry. We are proud to work with Opera to provide millions of users with a frictionless, low cost gas-free trading solution that combines the scalability benefits of StarkEx. Integrating the DeFi infrastructure in this way is just the beginning, overturning the scale of mainstream Layer 2 adoption.“, Said HarbourneCo-founder and CEO of DeversiFi.

“Opera’s StarkEx solution integration is a game changer, which lowers barriers to entry and allows tens of millions of Opera users to join the exciting world of Ethereum DeFi. At a small price.. These users are priced from the market today because of the high transaction costs on Ethereum. ” Uri KorodneyCo-founder and CEO of StarkWare.

Integration made possible by collaboration with Gateway.fmA blockchain backend that helped Opera achieve record-breaking integration by building the existing infrastructure of DeversiFi, which leads the integration and provides market and liquidity for swapping and trading capabilities. A company.

Layer 2 is a collective term for solutions designed to help you extend your application, accelerate transaction times, and reduce transaction costs, making your application more user- and environmentally friendly. While Ethereum 2.0 brings these benefits to the entire Ethereum blockchain, current Layer 2 zero-knowledge solutions are designed to handle transactions from the Ethereum mainnet while leveraging a Layer 1 payment and security model. It has been.

Zero-knowledge scaling solutions use encryption to validate transactions and validate them on the Ethereum mainnet. This enables faster, cheaper processing and higher scalability, making the trading experience with Ethereum more user-friendly.

To start trading with Layer 2, simply install the beta version of Opera for Android, go to Settings, open the crypto wallet feature, and activate your L2 card there.

Users can deposit fiat money directly (via Moonpay) or from the Layer 1 wallet. From there, you will be able to use DeversiFi to exchange and transfer tokens directly within your wallet. Ethereum Layer 2 is available in the beta Opera browser for Android. here.. The Opera Crypto Browser Project will also integrate Layer 2 solutions in the near future.

About Opera
Opera is a global web innovator with an enthusiastic and growing foundation of hundreds of millions of monthly active users seeking a better internet experience. Based on more than 25 years of innovation that began with browser products, Opera is now leveraging its brand and a very enthusiastic user base to expand its business into new segments.

Today, Opera offers a wide range of products and services to users around the world, including PCs and mobile browsers, news reader Opera News, games, fintech, cryptocurrencies, e-commerce, and classification-specific apps. ..

In 2018, Opera announced the first browser to support crypto wallets and web3. Opera’s headquarters Oslo, Norway Listed on the NASDAQ Stock Exchange (OPRA).

of January 2022, Opera has announced the beta version of the Crypto Browser Project. This is a dedicated Web3 browsing experience that currently supports Ethereum and integrates more chains in the near future.

About StarkWare
StarkWare has invented and is continuously developing a STARK-based Layer 2 validation scaling solution on Ethereum.

StarkWare’s solution, which relies on Ethereum security, has been resolved $ 400 billionOver 100M Transactions, servicing hundreds of thousands of users.

StarkNet, a general-purpose scaling solution without StarkWare’s permission, is live (Alpha) on Ethereum Mainnet. StarkEx, a custom standalone scaling service, June 2020DYdX, Immutable X, Sorare, and DeversiFi.

About DeversiFi
Released at August 2019, DeversiFi Users can access the best DeFi from one convenient control center.

Users can invest, trade, and send tokens without paying gas charges. Security, privacy, and control bring you the best of Layer 2 Ethereum without sacrificing the foundations of profitable trading (speed, liquidity, choice). It is our mission to make DeFi available to everyone.

Source Opera Limited


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