My guest today is Biconomy co-founder and CEO Ahmed Al-Balaghi. Since 2019, Biconomy has executed over 40 million metatransactions to help devs make crypto UX easier for their users. Today, Biconomy is one of the top Account Abstraction service providers, boasting significant markeshare across popular EVM chains.
In this episode, Ahmed and I sit down to discuss Biconomy's ERC-4337 smart accounts, Paymasters, and Bundlers as a service. We cover session keys, Passkey signers, EIP-7212, multichain permissions. We also touch on ERC-6900 AA Module, which Biconomy and Rhinestone are collaborating on for their forthcoming Module Store, which is planned to launch in Q1 2024.
It was a pleasure chatting with Ahmed about his journey building Biconomy into one of the most important players in the AA ecosystem. I hope you enjoy the show.
As always, this show is provided as entertainment and does not constitute legal, financial, or tax advice or any form of endorsement or suggestion. Crypto has risks and you alone are responsible for doing your research and making your own decisions.
Links
Chapters
(00:00:00) Intro
(00:02:30) Interview start
(00:20:00) Why AA matters
(00:21:40) Ideal Biconomy Customers
(00:22:00) Appchains
(00:26:10) Rollups as a Service
(00:29:00) How to choose between ERC-4337 Account implementations
(00:42:08) Safe vs Diamond
(00:44:20) AA Session keys
(00:46:30) ERC-6900 AA Modules
(00:50:45) Multichain Smart Accounts
(00:55:45) Embedded Wallets
(01:00:30) Paymasters: Which transactions should app devs subsidize?
(01:06:29) Bundlers
(01:07:50) Bundler aggregators
(01:08:18) Builders, Bundlers, and MEV
(01:09:30) Sequencer-sponsored gas
(01:13:25) Signers: Passkeys, EOAs, and more
(01:16:40) EIP-7212
(01:16:45) Biconomy’s team & Dubai Ethereum scene
(01:19:30) Outro
