Particle Network and Biconomy Join Forces to Release Game-Changing MPC+AA Solution for Web3 Wallets

Particle Network and Biconomy Join Forces to Release Game-Changing MPC+AA Solution for Web3 Wallets

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Particle Network and Biconomy are excited to announce their collaboration and the release of an innovative Multi-Party Computation (MPC) and Account Abstraction (AA or ERC4337) solution for Web3 wallet developers. This MPC+AA solution will revolutionize the way developers create and users interact with dApps, providing an enhanced user experience, improved security, and simplified integration. Get a sneak peek of the demos and experience it live here.

Background: Particle Network and Biconomy

Particle Network is a leading provider of secure and scalable wallet solutions, focusing on MPC-TSS powered social login, cross-platform SDKs, and Wallet-as-a-Service SDKs.

Biconomy is an innovative platform that provides a user-friendly SDK for Account Abstraction at the infrastructure level, making it easy for new users to get started and improving daily interactions with a focus on smart contract wallets and multi-chain relayers.

The Synergy: MPC+AA Solution and Its Groundbreaking Features

The collaboration between Particle Network and Biconomy results in an innovative MPC+AA solution that combines the strengths of both companies, offering tangible benefits to developers and users alike.

  1. Batch Transactions: The solution allows users to bundle multiple transactions into a single on-chain operation, reducing gas costs and improving efficiency in blockchain interactions.
  2. Sponsor Transactions/Gasless: With gas sponsorship, users can enjoy gasless transactions, while developers or third-party sponsors cover the associated gas fees. This feature makes the blockchain experience more accessible and user-friendly.
  3. Pay Gas Using ERC20 Tokens: Users can pay gas fees using their preferred ERC20 tokens instead of the native cryptocurrency, offering greater flexibility and streamlining transactions.

These features have already been released to the public! Get a sneak peek of the above features with demo plays on the following use cases here:

Paying gas with ERC20 tokens is now live on Particle Wallet Solution

What’s more, other advanced features are also being developed in the pipeline, including:

  • Social Recovery
  • Session Keys
  • ERC 6492 Compliance
  • BLS Signature Aggregation
  • Pre-approved Transactions

Benefits for Combining MPC+AA

For existing users of Biconomy and Particle Network, the MPC+AA solution offers numerous advantages, including enhanced security, greater flexibility, and a more seamless user experience. Here are some key benefits for both developers and end-users:

  1. Enhanced Security: The integration of MPC and AA ensures a higher level of security for users’ assets, mitigating the risk of hacks or thefts.
  2. Seamless User Experience: The MPC+AA solution simplifies onboarding for Web2 users, streamlines transaction processes, and reduces failed transactions.
  3. Simplified Development: Developers can focus more on their core product, as the MPC+AA solution handles complex aspects of wallet management and cross-chain compatibility.
  4. Multi-Platform Compatibility: Existing AA developers can leverage the Particle Network SDK to develop AA-compatible applications or products on mobile devices, game engines, and other platforms. This broad compatibility brings the benefits of both MPC and AA to a wider range of Web3 developers, expanding the possibilities for innovation in the industry.
  5. Cross-chain Compatibility: The chain-agnostic nature of the MPC+AA solution enables developers and users to work with various EVM-compatible and non-EVM chains using a unified solution.
  6. Scalability and Adaptability: The MPC+AA solution is designed to adapt to future innovations in the blockchain space, ensuring that users and developers can take advantage of the latest advancements in web3 technology stacks.

For more discussion on this topic, here is another blog post to look at:

MPC vs AA: Rivals of Allies?

Real-world Use Cases and Industry Impact

The MPC+AA solution offers a multitude of real-world use cases that have the potential to reshape the Web3 landscape. Here are some examples of how this innovative technology can be applied:

  1. Streamlined NFT Marketplaces: By enabling users to perform multiple transactions with a single click, the MPC+AA solution simplifies the process of buying, selling, and transferring NFTs, creating a smoother user experience.
  2. UX-Driven DeFi: The improved security, flexibility, and user experience provided by the MPC+AA solution can help drive the adoption of DeFi products and services, allowing users to manage their digital assets with ease and confidence.
  3. Gaming and Metaverse: Integrating the MPC+AA solution into gaming and metaverse platforms can enhance the user experience by enabling seamless in-game transactions, secure asset management, and efficient cross-chain interactions.

These examples only scratch the surface of what’s possible with the MPC+AA solution. The true potential of this technology is limited only by your imagination, and countless more use cases are waiting for you to explore!

The MPC+AA solution powers seamless UX

Getting Started with the MPC+AA Solution

Developers interested in integrating the MPC+AA solution into their projects can access the Particle Network’s developer documentation and Biconomy SDKs, which will provide step-by-step guides, sample code, and support resources. Furthermore, both projects offer dedicated support channels for developers, ensuring that any questions or concerns are addressed promptly.

In addition, Particle Network and Biconomy will be hosting a series of webinars and workshops to showcase the MPC+AA solution and provide hands-on demonstrations of its capabilities. Stay tuned for announcements regarding these events and how to participate.

About Biconomy

Biconomy offers an all-in-one toolkit that makes using decentralized apps (dApps) a breeze for both new and experienced users. With its non-custodial approach, Biconomy empowers users to maintain control of their digital assets while enjoying a seamless experience.

The Biconomy SDK simplifies the onboarding process for newcomers to the world of dApps, making it easier for them to get started. It also streamlines daily transactions by handling complex technical aspects behind the scenes. This is made possible by using Smart Contract Wallets built on top of Biconomy’s advanced, multi-chain infrastructure.

Website | Docs | Twitter | Discord

Particle Network's Wallet Abstraction solutions are 100% free for developers and teams. By integrating them, you can set your project in a path to leveraging chain abstraction.

About Particle Network

Particle Network Logo

Particle Network is addressing Web3's fragmentation of users and liquidity through Universal Accounts. Particle's chain abstraction is powered by a Cosmos SDK L1 blockchain enabling the experience of a single account, balance, and address that can be used across all chains, allowing users to interact with any dApp and pay gas with any token.

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Co-founder of Particle Network