Top 5 Browser-Enabled Wallets for the Web 3.0: Metamask, Opera, Coinbase, Balance and Trust Wallet
Browser-based wallets have existed for a while now, although many of them are often criticized for the lack of security. In the crypto industry, there are numerous threats, with hacking attacks being among the biggest ones, which is why a wallet located in a browser, and having constant access to the internet might be a risky solution.
However, there are many startups looking to develop a safer alternative and provide crypto traders with browser-based wallets that are safer, and that will control the users' money, identity, and also provide them with access to various dApps, and more.
Some believe that browser-wallets might play a large role in the future crypto trading, perhaps even being one of the pillars of Web 3.0. With that in mind, here are some of the projects that are advanced in terms of security and technology, but also quite easy to use.
Ethereum is still the most popular blockchain for dApp creation, while Metamask remains one of the most popular ways of accessing these dApps. It was created by Consensys, a software developer and incubator which recognized the need for a capable browser-wallet as far back as in 2015. Metamask is expected to arrive on mobile devices within a few months, which will allow mobile users to access a variety of dApps that already exist on Ethereum's network.
2) Opera Browser
Opera is a well-known browser provider, and one of the oldest browsers that are still being used today. It is estimated to have around 100 million daily users, but when it comes to its mobile version, it is only available on Android devices. However, the company recently introduced another feature to its browser, which is the ability to purchase Ethereum directly from the browser's wallet, although it should be noted that this is currently only available in Norway, Sweden, and Denmark. Even so, Opera is known for providing a quality service to users across the globe, and it is likely that the new feature will go global soon enough.
3) Trust Wallet
Next, there is Trust Wallet, which was purchased by the largest crypto exchange in the world, Binance. This is a Web 3.0 browser wallet which aims to allow its users to interact with pretty much any dApp directly.
Furthermore, Binance is aware that there are a lot of crypto enthusiasts — and that many more will join the crypto space in the future — who are not very tech savvy. As a result, the exchange aims for all of its projects to be user-friendly and to provide the best user experience possible.
Furthermore, the company joined FIO recently, which is a Foundation for Interwallet Operability that aims to create a protocol that will standardize wallet addresses and introduce a number of new user-friendly features.
Finally, Binance also invested around $2.5 million in TravelbyBit, an airline payment startup. The startup, which received this generous donation back in 2018, aims to allow for easy ticket selling which can be paid in crypto directly from the browser wallet.
4) Coinbase Wallet
Coinbase recently rebranded their browser wallet and released a new version in July 2018. Their new wallet, called Coinbase Wallet, also allows users to access basically any dApp, but also store and manage their funds. The biggest change, however, is the fact that users can now use names in order to pay people, instead of complex strings of numbers and letters which represent crypto addresses.
The private keys still remain safe on the user's phone, as they are protected via biometric authentication technology. Coinbase's goal, similar to that of Binance, is to make it easy for users to access the decentralized web and various dApps that it contains, thus improving the dApp adoption and the expansion of the crypto space.
Finally, there is Balance, which is developing an Ethereum mobile wallet which will be available for Android and iOS alike. The wallet's goal is to allow users to easily access and create dApps, which is why the firm recently released a solution called WalletConnect. The solution does pretty much exactly what the name suggests, and it allows wallets to communicate with one another with ease.
It also has a simple but practical exchange, and the ability to communicate with dApps via QR code scanner. The release of the entire wallet is scheduled to happen at some point in March 2019.