What is Biconomy (BICO)?

Biconomy is a platform for building blockchain infrastructure that offers developers streamlined APIs for creating decentralised applications across numerous blockchains. The platform's goal is to make it easier for developers to incorporate blockchain technology into apps.

The History of Biconomy

Biconomy was established in 2019 by Aniket Jindal and Ahmed Al-Balaghi with the goal of making the process of incorporating blockchain technology into apps more straightforward. Since its inception in 2020, the platform has grown in popularity among blockchain developers. Binance Labs, Coinbase Ventures, and ConsenSys Ventures, among other well-known venture capital firms, have invested over $10 million in Biconomy.

The Use Case of Biconomy

Biconomy's use case is that it offers developers streamlined APIs for creating decentralised applications on several blockchains. The platform provides a number of features, such as Meta Transactions, that let users complete blockchain transactions without holding bitcoin or paying gas costs. In order to make it simpler for users to connect with decentralised applications, Biconomy also offers a Gas Station Network that enables developers to pay gas fees on behalf of their users.

Developers can create decentralised applications (dApps) on a variety of blockchains, including Ethereum, Binance Smart Chain, and Polygon thanks to the platform's blockchain-agnostic framework. The APIs from Biconomy are made to be user- and developer-friendly, lowering the entry requirements for developing blockchain apps.