biconomy logo download PNG or SVG

Information about biconomy

Biconomy is a protocol that aims to enhance the user experience when using decentralized applications (DApps) by addressing various challenges in the web3 ecosystem. The main objective of the project is to simplify and make web3 products more user-friendly, akin to conventional web2 products. Biconomy offers an infrastructure to resolve several issues encountered in web3, including enabling protocols to onboard users without requiring them to pay gas fees. Additionally, users have the flexibility to pay gas using their preferred ERC-20 token, bypassing complexities associated with changing networks. Transactions are also confirmed at a faster pace through the Biconomy protocol. Essentially, Biconomy focuses on optimizing transaction management and gas utilization, resulting in potential gas cost reductions of up to 40%. This is achieved through the implementation of meta transactions, allowing users to submit transactions without any gas costs, as a third party covers the transaction fees on their behalf. By providing a scalable network infrastructure that is non-custodial and efficient in terms of gas usage, Biconomy successfully achieves these goals.

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