Biconomy is a relayer infrastructure network and a transaction superhighway for Web 3.0 designed to reduce friction between blockchain applications and end-users. Thus, the startup is helping blockchain developers simplify the onboarding and transaction experience for Web 3.0 projects. The Biconomy team is focused on improving the user experience of decentralized applications to make it easier to work with Web 3.0, which will possibly lead to mass adoption of the product. The Biconomy relay network consists of a software development kit (SDK) and a dashboard. Its task is to alleviate the difficulties associated with opening a wallet, buying cryptocurrency, storing private keys, and paying for gas.
Biconomy focuses on transaction management and gas optimization and can reduce gas costs by up to 40%. To achieve that, the protocol utilizes meta transactions, allowing users to submit a transaction with zero gas and having a third party pay for the transaction fees for the user. By providing a non-custodial and gas-efficient relayer infrastructure network, Biconomy is able to do this at scale.
