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Biconomy (BICO)

Biconomy (BICO) - its goal is to make web3 products as intuitive and easy to use as web2 products.

Whitepaper Documentación Técnica

• Biconomy's (BICO) main task is to make Dapps easier to use.
• In addition, its core philosophy is to make web3 products easier to use than a web2 product.
• Biconomy focuses on transaction management and gas optimization and can reduce gas costs by up to 40%.

Key Metrics Biconomy (BICO)

What is Biconomy (BICO)?

Biconomy is an interchain relay platform designed to optimize the user experience and facilitate transactions in decentralized applications (DApps). Its mission is to simplify interaction with web3 products, making them as accessible and easy to use as those on the web2. Biconomy aims to remove several obstacles present on the web3 by:

• Enabling protocols to offer users onboarding without the need to cover gas fees.
• Allowing users to pay gas tariffs with any ERC-20 token they prefer.
• Simplify the user experience by avoiding the need to switch networks.
• Speed up transaction confirmation.

Notable among the founders is Ahmed Al-Balaghi, a graduate of Queen Mary University, who accumulates more than three years of experience in the blockchain sector in locations as varied as China, the United Kingdom and the United Arab Emirates.

Prior to Biconomy, Al-Balaghi was part of the team at Viewfin, a leading blockchain company in China. Complementing the founding team are Sachin Tomar and Aniket Jindal, both Indian entrepreneurs with a strong background in blockchain. Tomar brings software engineering expertise, while Jindal has worked on blockchain projects in the United Arab Emirates.

Biconomy (BICO): What makes it different and why invest?

Biconomy focuses on improving the management and efficiency of gas transactions, reducing associated costs by up to 40%. This is achieved through the use of meta-transactions, which enable users to execute non-gas transactions and delegate the payment of fees to a third party.

Thanks to its non-custodied, gas-optimized, multi-layer infrastructure network structure, Biconomy facilitates these large-scale improvements.

Biconomy addresses significant challenges that hinder the user experience in the decentralized applications (DApps) environment by providing a much more accessible interface compared to traditional web2 applications. Unlike DApps, which incur gas fees for transactions and require users to own and spend ETH, web2 applications do not impose such usage fees.

This challenge is compounded by the need for web app users3 to manage digital wallets, authorize transactions, and understand the mechanisms behind gas fees, which can represent a considerable barrier to onboarding new users with no prior blockchain experience.

Community and Social Networks Biconomy (BICO)

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• Biconomy (BICO)
• Key Metrics Biconomy (BICO)
• What is Biconomy (BICO)?
• Biconomy (BICO): What makes it different and why invest?
• Community and Social Networks Biconomy (BICO)
• Other listings available in TruBit Pro 👇