Today, Opera Crypto Browser, the world’s first Web3-focused browser with native support for decentralized applications (dApps) and a non-custodial wallet, is announcing plans to expand its already robust suite of networks by integrating the Elrond (EGLD) blockchain, a highly scalable, fast and secure blockchain platform for distributed apps, and enterprise use cases.
Following the implementation planned for the end of 2022, you will be able to send and receive Elrond’s native token, EGLD, via the built-in Opera crypto wallet — allowing them to tap into a blockchain capable of processing 15,000 transactions per second (TPS). You will also gain access to Elrond-based dApps, such as global and automated trading platform Maiar Exchange alongside a plethora of P2E games, including Cantina Royale, Knights of Cathena and Age of Zalmoxis, without requiring any third-party browser extensions or wallet applications.
This is what Susie Batt, Crypto Ecosystem Lead at Opera had to say about this exciting partnership: “The seamless integration of Elrond further expands the wide array of crypto-centric services available to Opera Crypto Browser users. Such interoperability is becoming increasingly important for any project aiming to embrace Web3, and we are excited to have another blockchain partner join us on our mission to accelerate the evolution of the internet.”
Launched in July 2020, Elrond positions itself as an “internet-scale blockchain” focused on accessibility, high transaction speeds, security, and user experience. This is achieved thanks to innovative adaptive state sharding technology and the network’s Secure-Proof-of-Stake (SPoS) consensus algorithm.
In particular, sharding algorithms allow the distribution of complex computations between different nodes to speed up transactions and increase throughput. While the concept is also being used or added to the roadmap by other networks, including Ethereum 2.0, Elrond is the first blockchain where all three aspects of sharding — state, network, and transactions — are implemented simultaneously.
Further, by making the sharding architecture adaptable, Elrond developers have ensured the blockchain’s high level of scalability, which currently achieves a throughput of over 15,000 TPS and a six-second transaction finality time. At the same time, the SPoS mechanism aims to provide increased security by mitigating potential attack vectors that Proof-of-Work blockchains are usually susceptible to.
“Elrond’s novel approach to consensus and sharding algorithms allows it to achieve remarkable performance while using the least amount of energy possible and without overly relying on high-end hardware,” explained Beniamin Mincu, Elrond Network CEO. “We’re excited to be tapping into Opera’s vast userbase to offer them cheaper, faster transactions as well as access to Elrond’s burgeoning dapp ecosystem.”
Adding Elrond to Opera Crypto Browser is yet another step to making Web3 more inclusive and friendly for people who use the platform. Since the project’s launch in 2018, Opera has also integrated multiple decentralized networks, including Ethereum, Bitcoin, BNB Chain, Polygon, and announced partnerships with Pancakeswap, 1inch, NEAR, Solana and others.
We look forward to letting you know as soon as the integration is ready!