Biconomy acquires Klaster to create a modular execution environment (MEE), simplifying developer tasks and enhancing user experience 🔗

818 Total views in all languages

Biconomy, specializing in account abstraction for Web3, has acquired Klaster to develop a Modular Execution Environment (MEE). This environment will simplify complex blockchain tasks for developers and enhance user experience.

The MEE will allow multiple blockchain operations to be executed in one action, reducing the need for complicated smart contracts while ensuring security and scalability. It combines account abstraction and chain technologies, offering flexible development methods for on-chain and off-chain operations.

According to Ahmed Al-Balaji, this acquisition will significantly simplify user interactions with on-chain applications.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

RoadMap

Top Articles of the Last 10 Days

Japan is reducing taxes on cryptocurrency and introducing new rules for regulating digital assets, including increased control over unregistered exchanges

The IMF demands that El Salvador stop purchasing Bitcoin by the government sector as part of a $1.4 billion agreement to reduce financial risks and regulate cryptocurrency

Tether froze $27 million USDT on the Russian exchange Garantex, leading to the suspension of all operations and withdrawals in response to international sanctions

The hacker group Dark Storm has claimed responsibility for the large-scale cyberattack that caused disruptions on the social network X (formerly Twitter)

1inch recovers $5 million stolen after an attack on the old version of the Fusion v1 smart contract, the hacker returned the funds by agreement with the platform

The US has begun returning Chinese cryptocurrency mining machines after their confiscation due to security regulations and trade sanctions against China

Senator Tim Scott proposes a bill to exclude "reputational risk" in banking regulations, with the goal of stopping the de-banking of cryptocurrency companies and legal businesses

The Prime Minister of Vietnam has ordered the development of a legal framework for cryptocurrencies to create a legal basis for digital assets and support their development in the country