How Biconomy is Revolutionizing the Web3 Space
The high cost of gas fees has become a financial nightmare for regular users in the web3 space. Basically, the wide range of use cases within the Ethereum network serves as a key driver for the issue of scalability. According to ycharts report, the Ethereum average gas price is at a level of 141.12 Gwei […]
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Biconomy aims to enable blockchain developers to provide a simplified onboarding and transaction experience for users of Web 3.0 and blockchain projects
The funds will be used to develop a “multichain relayer network” that provides solutions to Web 3.0 development issues. Biconomy, a multi-chain infrastructure network for decentralized applications, has concluded a $9 million private funding round that was co-led by venture firms DACM and Mechanism Capital.Ahmed Al-Balaghi, CEO of Biconomy, said his protocol has been designed to address some of the biggest challenges with Web 3.0 transactions, such as gas fees, Ether-only payments and fragmented layer-2 solutions. He explained:“If we are able to solve even a fraction of those challenges,....
Decentralized technology is on a path of revolution — from traditional exchanges to decentralized exchanges, with the aim of facilitating a more convenient and secure trading space. Although the centralized exchanges conduct trade off-chain, it is necessary you know that despite the development occurring in the trading space, most of their existing challenges, especially the “high cost of transaction” are yet to be resolved. However, a new blockchain project ‘Biconomy’ is offering an attractive alternative […]
Biconomy is planning to launch its native token, BICO, in the near future. The company also claimed that it will expand to support over 30 decentralized applications. Multichain infrastructure network Biconomy has formally launched its Hyphen mainnet, setting the stage for instant low-cost token transfers across blockchains like Ethereum and Polygon. With the launch of Hyphen, users can make near-instantaneous USD Coin (USDC) transfers between Ethereum and Polygon rather than waiting 30 minutes or hours, as is currently the case with transfers. Biconomy can facilitate speedy transfers by....
The report “Journey Into Web3” shows that 64% of survey participants are interested in exploring Web3 career opportunities. A new survey from crypto exchange KuCoin shows that Web3 enthusiasts who have not worked in the industry are very eager to explore opportunities in the blockchain space. The participants noted that the industry’s appeal includes flexibility, growth opportunities and the future outlook of the nascent space.In the study, titled “Journey Into Web3: A Global Study on the Future of Work,” researchers dive into the engagement and perception of people about working in Web3.....