• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Opera Ethereum ETH ETHUSD
Nexo

Why Opera Integrated This Ethereum L2 Scalability Solution

Reynaldo Marquez by Reynaldo Marquez
3 months ago
in Ethereum
0

According to a press release, internet browser Opera integrated with Ethereum layer 2 exchange DeversiFi and their scaling solution powered by Starkware. Users will be able to leverage cost-efficient and instant transactions via Opera’s mobile browser wallet.

Related Reading | Ethereum Scalability Solution zkSync Deploys Tesnet, Cheap Network Fees Imminent?

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

In that way, they will be able to send peer-to-peer ETH to other users with a layer-2 swapping feature. Per the release, Opera’s partner uses StarkWare’s scalability engine. Called StarkEx, its implementation will provide the wallet with “100-times cheaper” transactions than its underlying network.

Data provided by ETH Gas Station records an important decrease in ETH transactions, at the time of writing. Transaction fees have been dropping, most likely, due to the current downtrend in the crypto market and the low demand for ETH or its native assets.

Additional data provided by the monitor indicates that DeversiFi 2 ranks second in terms of USD value with $24.2 million validated in transactions, which suggests users are keen to leverage the scalability solution. The project is preceded by Uniswap v2, one of the most popular decentralized exchanges (DEX) in the ecosystem, and surpassed by Wyvern, another DEX

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The current Base Fee for ETH transactions stands at $5.50, with a $0.11/transfer for a fast transaction. Despite the dropped in-network fees, Ethereum continues to be one of the most expensive blockchains to transact.

Opera Ethereum ETH ETHUSD
ETH transaction fees. Source: ETHGasStation.

StarkWare and other L2 scalability solutions seem to have been positively impacting this problem by allowing users to benefit from a cheaper alternative. Its integration with Opera via DeversiFi has the potential to “introduce instant trading for millions of its mobile users”.

Jorgen Arnesen, Opera’s EVP Mobile, said the following on their new cooperation with the exchange:

It’s part of Opera’s DNA to make accessing the web easier. We have been providing extreme data savings, privacy or ad blocking features to our users around the globe. Now it’s time to remove one of the key hurdles associated with the use of web3: exorbitant gas fees and slow network speeds.

A Cheaper Future For Users On The Ethereum Network?

The cooperation between Opera and the Ethereum based product was facilitated via a partnership with Gateway.fm. This company aided the team behind the browser to speed up its integration with the exchange by “building upon DeversiFi’s existing infrastructure”, the release clarified.

In order to benefit from this implementation, users need to install the beta version of the browser for their Android mobile devices. The feature will be available for activation on settings by clicking on the crypto wallet.

Users will be able to deposit fiat with Moonpay for ETH or directly deposit the cryptocurrency from an external wallet. As the team behind Opera said, other L2 solutions will be integrated in the future. Will Harbone, Co-Founder and CEO of DeversiFi said:

Through this integration, the everyday Opera user is able to seamlessly interact with DeFi on a user-friendly interface and experience a completely new way to interact with financial services. Layer 2 technologies are revolutionising the blockchain industry and we are proud to be working with Opera (…).

Related Reading | Vitalik Buterin Speaks To Argentina: “Decentralization Goes Far Beyond Money”

As of press time, ETH trades at $2,675 with a 3% profit in the last day.

Ethereum ETH ETHUSD
ETH with minor profits on the daily chart. Source: ETHUSD Tradingview
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Reynaldo Marquez

Reynaldo Marquez

Related Posts

Stablecoins

Stablecoins Receive Queen’s Blessings As UK Braces For Landmark Crypto Legislation

1 day ago
Terra

Terra TVL Crumbles More Than $14 Billion

3 days ago
Dogecoin crypto

Data Shows Top Coins Among Most Hated Crypto, But Not Dogecoin

4 days ago
Ethereum whales

Altcoin Discount: What Ethereum Whales Are Buying Through The Dip

6 days ago
Ethereum Mining On Nvidia

Nvidia LHR Fully Unlocked: “NiceHash” Allows 100% Ethereum Hashrate On RTX GPUs

7 days ago
Proof-Of-Profit: Ethereum Mining Brings Better ROI Than Bitcoin

Proof-Of-Profit: Ethereum Mining Brings Better ROI Than Bitcoin

2 weeks ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.