project: News of Biconomy (BICO) - June 2024 Price Update - 7.21% Breakout Crypto News and Analysis

Freelancer , Copy Writer and Crypto lover

Explore the Core.

Biconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products. Biconomy offers an infrastructure to solve several web3 bottlenecks: Protocols can onboard users without paying gas fees. Users can pay gas in an ERC-20 token of their choice. Users avoid blockchain complexities like a change of network. Transactions are confirmed much faster. In short, Biconomy focuses on transaction management and gas optimization and can reduce gas costs by up to 40%. To achieve that, the protocol utilizes meta transactions, allowing users to submit a transaction with zero gas and having a third party pay for the transaction fees for the user. By providing a non-custodial and gas-efficient relayer infrastructure network, Biconomy is able to do this at scale.

Spot the Main Event:

The price pump is due to two recent news on partnership and integration with Sidebot and more so new partners on their upcoming projects. This news triggered the price pump.

Explore the Core.

Biconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products. Biconomy offers an infrastructure to solve several web3 bottlenecks: Protocols can onboard users without paying gas fees. Users can pay gas in an ERC-20 token of their choice. Users avoid blockchain complexities like a change of network. Transactions are confirmed much faster

Trade hard. Joy is coming

Explore the Core.

Biconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products. Biconomy offers an infrastructure to solve several web3 bottlenecks: Protocols can onboard users without paying gas fees. Users can pay gas in an ERC-20 token of their choice. Users avoid blockchain complexities like a change of network. Transactions are confirmed much faster

Explore the Core.

They don't seem to have any major problems they are solving currently Biconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products. Biconomy offers an infrastructure to solve several web3 bottlenecks

Cute, funny and a little bit crazy!!!

Spot the Main Event:

Biconomy has submitted a proposal to integrate their Account Abstraction (AA) infrastructure on Metal L2. This integration aims to enhance dApp capabilities on our chain, improving efficiency and user experience. Account Abstraction (ERC-4337) offers significant improvements for Web3 UX, including gasless transactions, multi-chain transactions, and biometric logins. It provides a seamless and secure user experience. Benefits for Metal L2 include: - Gasless transactions - Transaction and gas payments in non-native tokens - Transaction batching for efficiency - Secure multi-chain signatures - Custom signature schemes and biometric logins. Biconomy will deploy their AA stack on Metal L2, including Smart Accounts, Bundler APIs, and Paymaster APIs. This infrastructure will support developers in building advanced dApps on our chain. The proposal requests 100,000 $MTL to cover integration and maintenance costs. This funding will enable the deployment of Biconomy's full AA infrastructure on Metal L2. Project goals: - Enhance dApp UX to Web2 standards - Simplify user onboarding to drive adoption - Provide robust and secure transaction mechanisms

Explore the Core.

Biconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products. Biconomy offers an infrastructure to solve several web3 bottlenecks. Biconomy focuses on transaction management and gas optimization and can reduce gas costs by up to 40%. To achieve that, the protocol utilizes meta transactions, allowing users to submit a transaction with zero gas and having a third party pay for the transaction fees for the user. By providing a non-custodial and gas-efficient relayer infrastructure network, Biconomy is able to do this at scale. Biconomy offers a unique solution to a common problem in the blockchain space. For several reasons, interactions with decentralized applications are nowhere near as seamless as for web2 applications. For instance, web3 applications require gas fees, but there is no equivalent of paying a usage fee for web2 applications. Gas fees on the Ethereum network are always paid in ETH, although users may not want to spend their Ether. Moreover, onboarding new users can be complex due to the required proficiency in using web wallets, signing transactions, and understanding the intricacies of gas.

Spot the Main Event:

Biconomy has partnered with rooted projects recently, Biconomy partnered with MetaL2 ,Side bot and Silence Lab. This partnership is a significant drive toward the advancement of the Biconomy ecosystem. This partnership extended Biconomy ecosystem to the collaborating parties communities. Investors from this communities got compelled to invest seeing the utilities of the Biconomy token and ot prospect for the future. Due to the high demands the token price propped up.

To God be the Glory

Explore the Core.

Biconomy is a multichain relayer protocol that aims to improve the user onboarding and transaction experience on decentralized applications (DApps). The project’s declared goal is to make web3 products as intuitive and easy to use as web2 products. Biconomy offers an infrastructure to solve several web3 bottlenecks: Protocols can onboard users without paying gas fees. Users can pay gas in an ERC-20 token of their choice. Users avoid blockchain complexities like a change of network. Transactions are confirmed much faster

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.