Blockchain company Elrond has announced a new partnership with popular browser Opera that will provide its more than 300 million users with easy access to EGLD, which is the cryptocurrency in the Elrond ecosystem.
The new partnership between Elrond and Opera
Opera is one of the first browsers, it was created in 2018 to surf the Web3 world and has a built-in wallet that could be a great opportunity for Elrond, which indeed explains:
“It’s an exciting growth opportunity for Elrond and its ecosystem as it creates the chance for a sweeping expansion of its user base.”
In particular, the integration of Elrond’s blockchain and the EGLD cryptocurrency will be on Opera’s dApp, which is usable on both web and mobile through Opera’s own wallet.
As a decentralized browser, the advantage is to be able to use the Internet securely and with a high level of privacy.
Beniamin Mincu, CEO of Elrond Network, explained:
“The synergy between Elrond and Opera is truly unique. As our technology brings radical improvements in performance and user experience, critical for the next wave of mass adoption, we are a natural fit for Opera’s efforts to support the proliferation of blockchain-based technologies. We are excited to work together to usher in a new chapter of autonomous banking, where financial services are open to anyone, work near-instantly and are inexpensive.”
Susie Batt, Crypto Ecosystem Lead at Opera, revealed:
“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 partners join us on our mission to accelerate the evolution of the internet.”
In addition to integrating EGLD, Opera will also support Elrond’s various ecosystem tokens such as ESDT used by Holoride, Itheum, Utrust, and Maiar DEX.
What is Opera
Opera is a company with hundreds of millions of monthly active users. Opera has also developed Opera News and several apps dedicated to games, cryptocurrency, e-commerce, and ads. In 2018, Opera introduced the browser with an integrated cryptocurrency wallet to support Web3 apps. Opera is based in Oslo, Norway, and is publicly traded on the NASDAQ stock exchange (OPRA).
Everything you need to know about the Elrond blockchain
Elrond is a blockchain that uses so-called Adaptive State Sharding and a Secure Proof of Stake (PoS) algorithm to have a high level of scalability and transactions that are, therefore, fast and secure
In this way, Elrond can process up to 15,000 transactions per second (TPS).
Recently EGLD, the native cryptocurrency of this blockchain, was listed on the Revolut app, the famous fintech company valued at $33 billion, with more than 20 million customers worldwide.