Mainstream adoption will only come to fruition when the process of owning and trading crypto is purged of the current technicalities that often scare away less-technical inclined individuals. In other words, crypto’s journey to global domination relies on the developers’ capacity to make crypto appealing to potential users.
Therefore, the crypto community is relentlessly looking for better ways to make accessing crypto a lot faster and easier. While these efforts have yielded numerous gateways to the crypto market, yet, it was only recently that we are starting to witness truly innovative initiatives to access crypto on the go. Apparently, browsers are facilitating the next generation of crypto adoption tools and we are loving it.
In this guide, we will highlight the recent popularity of inbuilt crypto-related functionalities in browsers and how this trend could drive the next stage of mainstream adoption.
Browsers Are The New Frontier For Crypto Tools And Apps
Browsers are basically gateways to the internet and through the years, these apps have evolved into hubs for various tools that help users connect efficiently and safely to the internet. Developers are constantly creating tools and functionalities that would transform users’ experience on the web. As such, it should not come as a surprise that these apps are slowly emerging as the new frontier for crypto, which is affiliated with web 3.0 (Blockchain).
Although this development is the first time browsers are going all out for crypto, however, this is not the first time these entities would share the spotlight. At the height of the long battle between the crypto space and frauds, a majority of browsers opted to block crypto banners, so as to protect their users from becoming victims of fraudsters. In addition to this, popular browsers added antimalware features that would protect crypto holders from malefactors that are looking to access their wallets.
We witnessed similar developments when cryptojacking became rampant last year as browsers added different features that would help users detect when their system is compromised. Fast forward to 2019, the latest upgrades of browsers, particularly Opera, comes with crypto functionalities, making the crypto world just a click away.
In its blog post, opera revealed that its latest upgrade would give users the right tools to enjoy the enhanced version of the internet that integrates blockchain and other innovative technologies. According to the blog post, “Web 3 is an umbrella term for a set of emerging technologies intersecting cryptocurrencies, blockchains and distributed systems that, together, extend the capabilities of the Web we all use today in important and meaningful ways… It is the decentralized Web, where information is in the hands of the users.”
Other browsers that are buying into this sentiment include Metamask, Brave and an extension of Mozilla Firefox. For now, these browsers are changing the way we see the internet and they already have features such as crypto wallet, decentralized applications (dapps) stores, exchanges, and other services. It is only a matter of time before we start seeing other browsers scramble to join the bandwagon.
Why Are Crypto-Related Functionalities Trending On Browsers?
From Opera’s definition of the web 3.0, decentralization will gradually phase out the existing model of the internet and users will have more control over their identity. When the time comes, decentralized apps would become popular, so also will browsers that can access them instantly. Bear in mind that it is difficult to separate blockchain from cryptocurrency, therefore, the explosion of dapps will automatically lead crypto to gain traction.
As such, browsers that are serious about facilitating web 3.0 would integrate one or more crypto features, especially crypto wallets. Ignoring this reality would naturally lead to a decline in a browser’s prominence in the global market. Needless to say, browsers that failed to adapt when the world transitioned to web 2.0 faded away into oblivion.
Crypto Wallet Browsers Vs Conventional Browsers
Metamask and Brave browsers are products of crypto firms and their foray into introducing dapp browsers are understandable. Metamask is a universal wallet for Ethreum-based tokens and its dapp browser feature exemplifies the latest move by crypto wallets to serve as the access point to the dapp marketplace. While the transformation of these wallets is truly remarkable, yet, we expect that traditional browsers, as seen with opera, would change the outlook of the nascent market.
These conventional browsers are household names that have amassed a horde of users, therefore, toppling them is a daunting task. On the brighter side, the more these entities adopt their web 3.0-inclined browsers with crypto features, the more people will have access to crypto. Regardless of the outcome of this tussle, it makes little difference on the impending explosion of crypto adoption.
Browsers are now aware of their role in the current internet revolution and they have begun to take their place as the bridge between today’s centralized internet and tomorrow’s web 3.0. As expected, this scramble has brought cryptocurrency and other associated technologies under the spotlight. Going forward, the implementation of crypto toolkits in popular browsers would go a long way to establish crypto’s dominance as a viable technology.