The Ultimate Guide to Biconomy Token
Автор: Have Fun Staying Poor
Загружено: 2022-05-26
Просмотров: 26
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The solution that web3.0 needs to solve any issues is a multi-chain relayer protocol. Biconomy has built an advanced implementation of this solution, explained in the subsequent chapters:
Meta-transactions let a third party (a relayer) execute a transaction on behalf of the user. The user just signs a message that contains the details about the transaction they want to execute. Then the relayer executes these transaction details on the desired blockchain, even paying the gas.
This way, the relayer manages the whole transaction for the user, shielding the user from complicated blockchain UX. The user doesn't need to own the native tokens. They don't need to estimate gas. They don't even need to pay the gas fee. They just need to click once to sign, and then the relayer ensures a 100% success rate handling everything under the hood.
They enable meta-transactions on a variety of blockchains & L2s. Thus, dApps on these networks can enable meta-transactions & gasless transactions for their users.
The Biconomy protocol will also enable the flow of value & messages across different chains in an easy, affordable, secure, and decentralized way. Thus, users can instantly move their funds between various chains. They can also enjoy instant cross-chain communication & contract calls. The Biconomy blockchain will contain verified information for a transaction on any blockchain X. This way the interaction between users and dApps on every chain will be seamless.
Thus, our transaction network is inherently multi-chain. It acts as the foundation for a seamless multi-chain infrastructure for web3.0.
The meta-transactions, cross-chain transfers, and cross-chain communication are managed and processed by our decentralized multi-chain relayer network. A distributed set of node operators on every supported chain will power the Biconomy network.
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prices: https://coinmarketcap.com/currencies/...
website: https://www.biconomy.io/
whitepaper: https://biconomy.notion.site/biconomy...
Telegram: https://t.me/biconomy
discord: / discord
tweeter: / biconomy
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