blockchainreporter.net
Taiko has teamed up with Biconomy, the multi-chain relayer protocol. Biconomy will combine its account abstraction protocol with Taiko to increase scalability and handle protocol gas cost concerns.
Partnership Alert!
— Biconomy (@biconomy) August 12, 2024
Our Account Abstraction stack is now integrated with @taikoxyz 🥁
Calling all dApps to integrate for a seamless onboarding experience. 🚀
Join us on Twitter Spaces for more insights! 🛠️
Wen: 3.00 pm UTC, 14th Aug
Join here: https://t.co/RXQFWMRdGp pic.twitter.com/1ADhPTfR18
Biconomy (BICO) is a multi-chain relayer protocol designed to streamline Web3 transactions, reduce gas expenses, and increase dApp usability. It offers Web3 dApps bridging capabilities and a plug-and-play solution for managing gas payments and transactions, enabling decentralization for all.
Account abstraction lets developers define their own transaction validity terms. In other words, it’s about customizing blockchain transactions outside Ethereum Virtual Machine (EVM) rules. Account abstraction lets builders specify the circumstances under which a transaction is judged legitimate.
Taiko is an open-source, permissionless ZK-Rollup that targets the difficulties of high transaction fees and scalability on the Ethereum network. Using Zero-Knowledge (ZK) technology, this innovative approach aims to improve blockchain transaction accessibility and efficiency.
With Taiko’s outstanding scalability and efficiency features, Biconomy’s plug-and-play solution gives developers a strong, simple-to-use solution that will improve the performance and economy of their dApps.
Secondly, this integration streamlines gas payments and transactions for the protocol’s dApp developers. Finally, Taiko’s scalability features will help the protocol manage several transactions without causing congestion problems.