Biconomy Bico Price USD

Biconomy is a multichain relay protocol that aims to make it easier for users to join decentralised applications and make transactions (DApps). The goal of the project is to make web3 products as easy to use and straightforward as web2 products. Biconomy provides an infrastructure that can fix several problems with the Web3:

• Users can join protocols without having to pay gas fees.

• Users can pay for gas with any ERC-20 token.

• Users stay away from blockchain problems like switching networks.

• Transactions are verified much more quickly.

In short, Biconomy is all about managing transactions and making the best use of gas. It can cut gas costs by up to 40%. To do this, the protocol uses meta transactions, which let users send a transaction with no gas and have someone else pay the transaction fees. Biconomy is able to do this on a large scale because it has a network of non-custodial relayer infrastructure that uses less gas.

Biconomy was started by a group of blockchain entrepreneurs from all over the world. One of the project's co-founders, Ahmed Al-Balaghi, is a graduate of Queen Mary University. He has worked in the blockchain industry for more than three years in China, the UK, and the United Arab Emirates. He has also worked for Viewfin, a leading Chinese blockchain company. Sachin Tomar, an Indian blockchain entrepreneur with a background in software engineering, and Aniket Jindal, who has worked on blockchain projects in the UAE, are the other two co-founders.

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