Category Archives: Eth Dapps

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Opera’s Crypto Wallet Now Available on iOS Devices

Opera's crypto wallet is now available on iOS devices

Opera’s web browser designers have incorporated Web 3 functions into iOS devices and the Crypto Wallet is now available for download from the app store. The browser, known as Opera Touch, provides seamless access to Ethereum decentralized apps (Dapps) without the need of any browser extensions.

This kind of support to the Ethereum Web3 API will provide the users a seamless interaction with the next generation Ethereum blockchain based apps, apart from cryptocurrency wallet functionalities. This comes after Opera’s successful crypto wallet launch in Android devices which supports Ethereum and ETC tokens.

Charles Hamel, head of Crypto at Opera said:

“We are happy to let you know that the award-winning Opera Touch browser for iOS now features crypto wallet integration and Web 3 support. This completes our efforts to offer Web 3-ready browsers with built-in Crypto Wallet on Android, Windows, Mac, Linux and now iOS. Opera Touch for iOS lets you seamlessly interact with the next generation of Web 3 applications on the Ethereum blockchain.”

This parallels with Opera’s introduction of Crypto wallet in its Reborn 3 back in April. With these introductions, widespread adoption of Opera’s blockchain based browser becomes significantly inevitable. The built in crypto wallet can allow exchange of payments and other transactions online, to which Opera serves as a tool, while simultaneously giving users more control.

Apple has 1.3 billion active devices worldwide. The launch of crypto wallet on iOS devices essentially means that the wallet is available across all the major platforms and consequently, to a large user base. Hamel said:

“We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.”

He pointed out that the motive to extend crypto wallet facilities to users is to provide lubrication for a wider adoption of digital assets as there is no need for special apps and browser extensions to access the same. Needless to say, amid the bull market, the wallet will serve as a boon to Opera as it offers a competitive edge to the rival browsers.

 

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EY: Many ETH Dapps Aren’t the Most Productive

EY: Many ETH Dapps not the Most Productive

Big Four accountancy firm Ernst & Young (EY) has presented research that says that as much as 83% of decentralized applications (Dapps) on the Ethereum network are “not in the most productive uses“.

EY Global Innovation Leader for blockchain Paul Brody had revealed this piece of news during a Fintech Forum hosted by the US Securities and Exchange Commission (SEC) yesterday while talking about blockchain developments and the digital asset industry.

In the opening ‘Capital Formations Considerations’ panel, Brody pointed out that while blockchain tech implementation had seen explosive growth, those that hoped to become disruptors had neglected the early principles of how the tech should be applied to seek solutions to real-world problems rather than mere “money chasing”.

He reminded that capital markets only served to take investments and put it to productive work, which is something the crypto space had not done very well, with most Dapps on Ethereum “maybe not in the most productive uses”.

Citing blockchain analytics company DApp.com’s data from a Q1 2019 report, he said that only 14% of such Dapps were used at crypto exchanges, and the most in gambling (44%) and gaming (13%).

Brody insisted that Dapps should focus on areas such as distributed computing, fractional real estate, new business models, and fractional infrastructure if they truly wanted to create a “tremendous lasting legacy that is positive”.

The forum, organized by the SEC’s Strategic Hub for Innovation and Financial Technology was meant to facilitate the commission’s engagement in the space, and had purposely included blockchain and distributed ledger technology (DLT). Early in May, Bitcoin News had written about the forum, highlighting the fact that many observers had thought this forum to merely be a vanity effort, with some calling it an event “just for show“.

 

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