Build seamless dApps with Account Abstraction, powered by Biconomy SDK. Explore what AA can do for you: https://t.co/icnjutrtCv
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Jun 28, 2023 โข 10 tweets โข 4 min read
Account Abstraction + Intents are the future of web3 UI!
Let's break it down with some top insightful threads & tweets on this๐
1/ The original way with EOAs + signing transactions is far too complicated & is being actively replaced.
End users signing transactions on chain will ngmi.
Why Account Abstraction (#erc4337) is changing the game๐๐ผ๐งต
Quick analogy:
ERC-4337 going live on mainnet is like paving over a remote jungle trail with 20-lane super highway!
This kicks open the barriers to web3 mass adoption.
Here's why๐๐ผ
Jan 20, 2023 โข 6 tweets โข 2 min read
As revealed in our roadmap, we are working on the Biconomy Relayer Network (BRN) - a decentralised multi-chain relayer network with $BICO at the heart of it!
The SDK brings adoption. BRN captures value.
Our 2nd forum post is live! So letโs discuss ๐ forum.biconomy.io/t/brn-transactโฆ2/ One of the key questions for any decentralised network is allocation of work. Who is supposed to โworkโ on a particular request?
For our relayer, this โworkโ is relaying & executing transactions. These are submitted by dApps via the SDK or other Biconomy tech.
Jan 13, 2023 โข 4 tweets โข 2 min read
Welcome to the evolution of #NFT toolkits with Mint by @0xCopeStudio2/ Open-source NFT Toolkit
Mint is an open-source NFT toolkit powered by industry leaders including:
By leveraging Account Abstraction, it enables devs to abstract all on-chain complexities! Go from a complex multi-step process into a simple one-click experience.๐
The potential of #Web3 is exciting, but its UX remains half-cooked.
See how it could be better๐ 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.
Sep 10, 2022 โข 5 tweets โข 1 min read
๐Hey 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 todayโs glossary term.๐งต๐ 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.
In reality, it's about dApps leveraging the synergy between both approaches to scale.
๐งต๐
2/
The focus will be less on โ๐ฐ๐ก๐ข๐๐ก ๐ญ๐๐๐ก ๐ฌ๐ญ๐๐๐ค ๐ข๐ฌ ๐๐๐ญ๐ญ๐๐ซ?โ, and more on eliminating market inefficiencies and increasing overall composability in #web3.
@dYdX is a fully decentralized trading perpetual exchange. Backed by some of the world's largest VCs such asย a16z Crypto
Aug 17, 2022 โข 14 tweets โข 5 min read
What is the most exciting thing about #Web3 to you?
Decentralization? Open access? Ownership?
For us, at @biconomy the most interesting lego of Web3 is --โจ๐๐ซ๐จ๐ฌ๐ฌ-๐๐ก๐๐ข๐ง ๐๐จ๐ฆ๐ฉ๐จ๐ฌ๐๐๐ข๐ฅ๐ข๐ญ๐ฒโจ
Why does it excite us so?
A๐งต๐
2/
Composability accelerates digital innovation in Web3 much more rapidly than Web2 could ever achieve:
Unlike Web2, developers don't have to wait for a code to be unveiled after reaching maturity.
Aug 15, 2022 โข 20 tweets โข 8 min read
๐ฐBICO Weekly Degen Digest is reporting LIVE on a deranged week!
If you thought all those events with 3AC and Terra were crazy, this week just proved that the ceiling is still too high.
#Crypto assets are pushed even harder this week as the market continues its recovery.
$ETH continues to grow stronger. The merge drew in even closer with the Goreli testnet's success last Wednesday.
Aug 6, 2022 โข 9 tweets โข 3 min read
๐Hello Biconauts,
This weekโs glossary covers EIP-4337, a proposal meant to handle a top preoccupation of the #Ethereum community: ๐๐๐๐จ๐ฎ๐ง๐ญ ๐๐๐ฌ๐ญ๐ซ๐๐๐ญ๐ข๐จ๐ง.
Weโll go over why the proposal was necessary and what solution it offers.๐งต๐ 2/
First, a quick note: #accountabstraction allows a contract to become the top-level account that handles fees and starts the execution of the transaction.
Aug 5, 2022 โข 6 tweets โข 2 min read
Bull or bear, the Biconomy juggernaut has been growing leaps & bounds every month!
July was no different! So let's look at our July metrics!๐
Gasless โฝ๏ธ
Gasless saw continued growth thanks to a number of new integrations with even higher gas savings for dApps!
Total Transactions: 1,172,799 (+32% MoM)
Gas savings $$ for dApps: $19,434.71 (+5% MoM)
Unique users: 209,196 (+18% MoM)
Aug 5, 2022 โข 9 tweets โข 2 min read
Whatโs a Relayer Network?
1/9
Make a guess... Who are the unsung heroes of #Web3?
Not your micro-cap gaming tokens or๐ฉcoins for sure.
We'd like to think that Relayer Networks are the invisible MVPs of Web3 ๐ช๐ผ
What are Relayer Networks exactly?
Let's dig in!
A ๐งต๐๐ผ
2/9
A Relayer takes individual orders and organizes them into an order book.
It's similar to what exchange does.
Except, a Relayer is NOT an exchange.
A Relayer helps users create, sign, or find orders to fill without holding any tokens.
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