Opera Browser to Add Support for TRON, Multiple Other Blockchains Within a Year

The popular Opera browser, which reportedly has over 300 million users, is reportedly soon adding support for TRON’s TRX on its crypto wallet, as part of a plan to support ‘multiple blockchains’ in the next 12 months.

According to a press release shared with CryptoGlobe, the integration is going to see Opera users be able to natively use TRON-powered decentralized applications (dApps) within the browser, and store TRX and TRC-standard tokens in the browser’s built-in cryptocurrency wallet.

Until now, Opera’s wallet only supported the Ethereum blockchain, meaning users could only store ether and ERC-20 tokens on it. It was introduced back in July of last year, and launched on Opera’s main Android browser in December. The wallet has also been added to Opera’s desktop browser.

Commenting on the addition, TRON Foundation CEO Justin Sun stated:

We are excited that Opera, a mainstream browser with hundreds of millions of users, will now seamlessly support TRX and other TRON tokens. Soon, Opera users will be able to use dApps on the TRON blockchain.

Contacted by The Next Web on whether there was demand to support the TRON blockchain, Opera revealed “TRON is one of the fastest developing blockchains with plenty of dApps so it’s a logical step” to add it, as it aims to grow the dApp ecosystem.

The decision is notable, as a researcher has earlier this month found a critical TRON bug that could’ve crashed the entire blockchain. The bug has since been fixed. Opera’s move is reportedly part of a wider rollout that’ll see it add “support for multiple blockchains within the next 12 months.”

Which cryptocurrencies the Norwegian browser developer will add or when TRON support will be rolled out is currently unclear. It’s worth noting that earlier Opera partnered with HTC to build a seamless wallet experience for the firm’s blockchain phone users.

TRON Foundation Announces $20 Million TRX Buyback to Promote Market Stability

The TRON Foundation, an organization created to support the development of the TRON network, has recently announced a $20 million TRX token buyback that’s set to “promote community activity and market stability.”

According to a Medium blog post, the TRX buyback will be “by far the largest” token buyback plan the Foundation has ever had, and will have “the widest coverage in the secondary market.” The buyback is set to last for a year and will have several batches.

The TRON Foundation’s TRX holdings, it added, will be unlocked on January 1 of 2020, although the organization has no plans for its TRX at the time. Currently, one TRX token is trading at $0.034 after falling 10.6% in the last 24-hour period.

The token’s price dropped amid a major market sell-off that has seen the price of some altcoins – including Litecoin, EOS, and XRP – drop by well over 10%. The price of BTC is currently down 5.4% in said period. The selloff is likely being caused by traders taking profits off of the bull run we’ve been seeing since the beginning of the year.

Earlier this year, TRON announced a soon-to-be-released upgrade for its blockchain, called Odyssey 3.6. It’ll reportedly include features that are set to improve the network’s security and stability.

As CryptoGlobe covered, in May of this year the TRON Foundation announced BitTorrent, a leading peer-to-peer file sharing platform, would be incorporating the BitTorrent File System (BTFS) protocol to “allow users to receive and host storage on their computers with other individuals and businesses.”

The TRON Foundation has recently celebrated its Independence Day, as on June 25, 2018 the TRON mainnet was launched and its genesis block was created. Since then, the network has grown to over 3.1 million mainnet addresses, and an average of 1.5 million transactions per day, according to Justin Sun.