Opera’s Browser Wallet will be able to use the Solana ($SOL) Ecosystem in early 2022
Opera, the popular pro-cryptocurrency web browser, has disclosed that its built-in wallet will include support for Solana ($SOL) early next year, putting it ahead of rival Brave.
Opera has said that it would be the “first browser” to allow Solana-based decentralised apps, according to CoinDesk. At the moment, users may access these decentralised apps through the closed-source Phantom browser plugin.
According to Opera’s business blog, the company has over 380 million monthly active users across its ecosystem of browsers and news-focused services. Opera’s integrated cryptocurrency wallet now supports the TRON and Ethereum blockchain ecosystems.
The publicly listed Norwegian firm has begun offering “30-second” cryptocurrency wallet top-ups in numerous countries and is collaborating with Solana Labs to integrate the Solana network into its wallet.
The move coincides with the continued growth of Solana’s decentralised finance (DeFi) ecosystem and the new all-time high in Ethereum transaction fees. As previously reported, decentralised financial activity on the Solana blockchain continued to rise last month, although at a slower rate than in October, according to CryptoCompare’s monthly Asset Report. IT increased 15.8 percent in October to $14.4 billion, compared to 35% in October and 177% in September.
According to the research, Ethereum network fees continued to rise in November, reaching another monthly all-time high of $1.82 billion, a number that marks a 34.6 percent increase over October.
As CryptoGlobe previously reported, over 77 percent of Solana’s $SOL tokens are staked on the cryptocurrency’s network, giving its holders a dividend, to the extent that the network’s staked value has topped $84 billion, according to statistics from Staking Rewards.
Staking on-chain is achievable with cryptocurrencies that use a Proof-of-Stake (PoS) consensus method, according to CryptoCompare. PoS networks are often more energy efficient and preserve a degree of decentralisation than PoW networks.
Solana is a high-performance blockchain built by ex-engineers from Qualcomm, Intel, and Dropbox. It utilises a delegated Proof-of-Stake (dPoS) consensus mechanism. The network employs a novel technique of transaction sequencing in order to dramatically increase its speed and throughput.