Opera, the company behind the renowned Opera browser, has announced a cooperation with Ethereum’s Layer 2 exchange DeversiFi. This will enable sensible and on-the-spot transactions in Opera’s mobile browser pockets. It means that Opera for Android is the first mobile browser to have an Ethereum Layer 2 Wallet.
Users of OfA will be able to trade directly with Ethereum Layer 2. This means that they will be able to benefit from ultra-low transaction fees and instant trading, which will make swaps 100 times faster and cheaper. It works through DeversiFi, a decentralized exchange, to give Opera’s millions of users low-cost, almost instantaneous DeFi power.
A bitcoin wallet and decentralized application (dApp) explorer were initially integrated into Opera in 2018. Following that, the firm started to embrace other blockchains, including Bitcoin, Celo, and others. Fiat-to-crypto on-ramps and crypto support for their desktop and iOS browsers were both announced at the same time.
DeversiFi is powered by StarkWare’s ground-breaking StarkEx scalability engine, which speeds up and lowers the cost of Layer 2 transactions 100 times faster than Ethereum Layer 1 transactions. As a result, Opera will be able to eliminate high transaction fees and deliver instant trading to millions of its mobile clients.
begin operating with Layer 2, after installing the experimental version of Opera for Android, go to settings, then crypto wallet, then enable the L2 card.
It’s called layer 2, and it’s made up of a group of technologies that make applications bigger, faster, and cheaper to use, making them more user- and environment-friendly, too. Layer 2 Zero-Knowledge solutions are meant to handle transactions outside of the Ethereum mainnet while still using the Layer 1 settlement and security paradigm. Ethereum 2.0 will be able to do this for the whole Ethereum blockchain.