Biconomy Profile picture
Sep 28 โ€ข 4 tweets โ€ข 3 min read
๐Ÿ‘‹Hey Biconauts,

๐…๐จ๐จ๐ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐จ๐ฎ๐ ๐ก๐ญ๐ŸŒญ๐Ÿ’ญ

The potential of #Web3 is exciting, but its UX remains half-cooked.

See how it could be better๐Ÿ‘‡ Image
2/

At @biconomy, we believe growth in #Web3 was stunned because of the absence of a tech stack that could connect niche apps to the bigger picture (all connected ecosystems)

Better UX needs to be caught up, and Web3 economics cannot live without healthy infrastructure growth.
3/

A pluggable, composable middleware stack can help connect Web 3 to that bigger picture.

This infrastructure lego will enable deeper levels of integration similar to that associated with @timberners_lee's vision of a composable & open internet. Image by Zee Prime Capital
4/

In very simple words, we extract Web3 #interoperability down to a simple set of APIs & SDKs(Gasless & Hyphen)!

Here's how we're making Web3 seamless๐Ÿ‘‡
docs.biconomy.io

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More from @biconomy

Oct 1
Currently, the underlying Web 3 infrastructure or stack is limited to being defined in "layers" (L1 / L2), butโ€ฆ

The future stack of #Web3 is not limited to 2 or more layers.

Instead, it's an agnostic stack of many different lego blocks, including the - Transaction Lego๐Ÿงต๐Ÿ‘‡ Image
2/

Let's preface by understanding that a "transaction" in Web 3 means -- the process of exchanging #cryptocurrencies on a blockchain.

So keeping that in mind, here's how we can define "Transaction Lego"๐Ÿ‘‡
3/

"Transaction lego" includes all the services required to execute a transaction on your #dApp, which most users struggle with.

The need for a better transaction infrastructure is obvious from:

- high gas fees, or;
- failed transactions pricing out non-whale users
Read 8 tweets
Sep 30
๐Ÿ“™๐–๐ž๐ž๐ค ๐Ÿ• ๐จ๐Ÿ ๐๐ข๐œ๐จ๐ง๐จ๐ฆ๐ฒ ๐…๐€๐๐ฌ!

How can I become a Hyphen LP?

Here's a step-by-step guide ๐Ÿ‘‡ Image
2/

Step 1:

Navigate to the Hyphen interface and connect your wallet

Visit: hyphen-v2.biconomy.io/pools Image
3/

Step 2:

Click on the pools and select the desired Hyphen pool.

You can also view the total pool capacity at a given moment in the bars on the right-hand side of the pool page๐Ÿ‘‡ Image
Read 7 tweets
Sep 10
๐Ÿ‘‹Hey Biconauts,

Dependable communication between different chains is essential, meaning its necessary to be able to read and write data across blockchains efficiently.

That can be done using a Cross Chain Messaging Protocol, which we are covering in todayโ€™s glossary term.๐Ÿงต๐Ÿ‘‡
2/

What cross-chain messaging does is assure participants on the target chain that the information comes from the source blockchain & that it is dependable.

The nodes on the initial blockchain must convince the nodes on the destination chain that the message can be trusted.
3/

That can be done using a cross-chain function call & relayer nodes.

A Cross Chain Function Call SDK code calls the Cross Chain Messaging Layer SDK code to determine the target blockchain & submits the information, and the Cross Chain Messaging contract verifies the source.
Read 5 tweets
Sep 9
๐Ÿงก#๐๐ข๐œ๐จ๐ฌ๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ

Featuring @biconomy's long-time partner & NFT/Play-to-earn/Metaverse sensation- โœจ @zed_run โœจ

๐Ÿงต๐Ÿ‘‡
2/

What is ZED RUN?

ZED RUN is a futuristic ๐ŸŽ horse-racing platform with each NFT representing a digital racehorse.

You can build a horse-racing empire in the #Metaverse filled with top pedigrees and the finest racers!

Collect, breed, and make strategy your game!
3/

At the same time, for #P2E games similar to ZED RUN, with massive micro-economies and hundreds of thousands of transactions every day โ€” it is important to keep the user experience frictionless.
Read 7 tweets
Sep 9
Building in #Web3 is a beast, and developers face critical decisions every day.

One of the most important questions this year?

Where should we build, and how?

Should our approach be chainless or multichain?

Think it through with us ๐Ÿชก๐Ÿ‘‡๐Ÿผ
2/8

How do we go beyond monolithic blockchains for better speed, security, and interoperable txns?

Multiple chains and layer 2s have come up to scale #Web3, but there's a lot of friction between these chains.

The result? Lower network effects ๐Ÿ‘Ž๐Ÿผ
3/8

We know the current situation is not sustainable.

Thereโ€™s the clunky user experience, the self-management of wallets and keys, and the lack of killer apps.

As Web3 becomes #multichain, the burden of dealing with cross-chain friction has degraded the experience more.
Read 8 tweets
Sep 8
That old debate between going Multichain and Cross-chain.

๐—ช๐—ต๐—ถ๐—ฐ๐—ต ๐—ถ๐˜€ ๐—ฏ๐—ฒ๐˜๐˜๐—ฒ๐—ฟ ๐—ณ๐—ผ๐—ฟ #๐—ช๐—ฒ๐—ฏ๐Ÿฏ?

In reality, it's about dApps leveraging the synergy between both approaches to scale.

๐Ÿงต๐Ÿ‘‡
2/

The focus will be less on โ€œ๐ฐ๐ก๐ข๐œ๐ก ๐ญ๐ž๐œ๐ก ๐ฌ๐ญ๐š๐œ๐ค ๐ข๐ฌ ๐›๐ž๐ญ๐ญ๐ž๐ซ?โ€, and more on eliminating market inefficiencies and increasing overall composability in #web3.
3/

A #multichain approach can optimize security. However, it is extensive and cost-inefficient in most cases.

On the other hand, cross-chain solutions can be easily integrated, and offer fast execution, but the journey toward real decentralization is longer.
Read 6 tweets

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