Deep Dive
1. Purpose
Using decentralized apps can require users to manage wallets, pay network fees, and navigate between blockchains. Biconomy provides infrastructure developers can add to apps to simplify those interactions, including sponsored transactions and gas payments in tokens other than a chain’s native coin. CoinMarketCap
2. Technology
Biconomy’s smart accounts are programmable wallets. Its Modular Execution Environment can coordinate multi step actions across supported chains; Biconomy calls these “Supertransactions.” For example, an app could let someone approve one action that includes a swap and a bridge, rather than asking them to handle each step separately. Biconomy
3. BICO token
BICO is the project’s token, used for staking and governance, according to a project overview. Staking means committing tokens to support network operations; governance means participating in certain project decisions. The token is distinct from Biconomy’s software and services.
Conclusion
Biconomy is a transaction and wallet infrastructure project focused on making blockchain apps simpler to use, while BICO is its associated token. How well can its tools make complex onchain actions feel like a single step for users?
