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Ethereum News

The Opera Browser Now Supports Ethereum, Others To Follow And Integrate Web 3.0

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In the latest news on our DC Forecasts crypto news site, we have Opera which is the fifth most widely used browser behind Chrome, Edge, Firefox and Safari – and its recently added built-in Ethereum support to its desktop app. Opera also managed to enable Web 3.0 which is an ecosystem that allows users to interact with decentralized applications (dApps) and peer-to-peer systems on the blockchain.

In order to use the Ethereum-based dApps on Opera, users need to have non-custodial wallets like MetaMask and securely land transactions on the mainnet. However, for most of the casual users, relying on external applications can be the next step towards restricting accessibility.

With this, the accessibility and user activity of dApps is expected to increase massively. Currently, Opera only has 3.7% of the market share in the browser industry – but that is mainly because Chrome and Safari together have 71% market share and with that dominate the market.

Still, the integration of Ethereum and the ERC20 standard by Opera is a great step towards mainstream acceptance of cryptocurrencies and dApps. Even though the browser has a low market share, it is a well-known name in the online world with an active and loyal user base.

One Ethereum user tested the ETH integration on Opera, stating:

“I tried it out today – its incredible to think that mainstream browsers are integrating Web 3.0. I love the split between mobile and desktop – security of mobile with convenience of desktop. and yes, mobile phones are still way more secure than desktops. They need some work on supporting ropsten – i ran into numerous issues that were not a problem on mainnet.”

With this, it is certain that the Ethereum wallet of Opera needs improvement and further sophistication. However, it is also certain that the crypto sector is making a massive leap forward towards gaining mainstream recognition by major browsers.

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"All clients should release a stable version with the baked in block number before Christmas," he concluded.
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ConsenSys was created right before Ethereum was released with one goal only-to build tools and the right infrastructure so a decentralized system can be created in which Ethereum will function and also not focus on controlling the ecosystem bur promoting it. While explaining how the current internet functions and how the blockchain does as well, he said that the internet today and the nature of the blockchain technology is completely contradictory which enables a ‘’self-determined, sovereign identity.’’
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From the latest crypto news coming in from China, two school principals were caught mining the Ethereum cryptocurrency at work by using the school’s power. According to a report from a Hong Kong news website, just yesterday in the Puman Middle School in the province of Hunan, higher noise levels were recorded which were louder than normal from the computers in a certain room of the school. This is the first time over the past few months this has been noticed. The school’s IT network also showed significant signs of slowing down while the electricity consumption even doubled from July. At first, the school’s general manager believed that the high usage spike was due to the overuse of air conditioners but he didn’t really believe that air conditioners could spend so much electricity. This is why an investigation was conducted where it was revealed that the school’s principal Lei Hua and the vice Principal Wang Zhipeng, managed to install even nine computers. The principal used the machines for mining at his home at first, but he was shocked when he received the electricity bill so he decided to move them to the school. He installed the machines in the school dormitory. The school allegedly lost more than $2,000 for electricity bills and was instantly removed from his position at the school as well from the Communist Party where he was a member. The vice principal got off with only a warning. However, this isn’t the first time this is happening. Back in early spring, a state employee at Florida’s Department of Citrus used official computers to mine cryptocurrencies.
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 “We are witnessing a time of significant innovation in the securities markets with the use and application of distributed ledger technology. “But to protect investors, this innovation necessitates the SEC’s thoughtful oversight of digital markets and enforcement of existing laws,’’ an SEC official explained.
EtherDelta’s founder, Zachary Coburn, calmly consented to the charges and agreed to pay a fine of $300,000 in disgorgement plus the additional $13,000 in prejudgment interest and last, $75,000 for a penalty fine. However, the exchange founder hasn’t really denied nor admitted the allegations, just agreed to pay the fines.
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