The cryptocurrency world is now eagerly awaiting the Dencun update on the Ethereum network, set to go live in about 45 minutes. This update will introduce a new feature to the Ethereum network. In light of this development, Biconomy made an important announcement today.
Biconomy (BICO) to Launch New Product
Ethereum is on the verge of a significant update known as Dencun, which includes the introduction of a feature called “proto-danksharding.” The Dencun update aims to solve scalability issues by implementing proto-danksharding on Ethereum.
With this update, Biconomy (BICO) announced that it will launch a new product next week. The announcement stated:
“To celebrate the Dencun EIP-4844 update on Ethereum, next week we are launching something that will shift our paradigm on gas fees!
From being a universal pain point to becoming a strategic acquisition and retention tool for all dApps! Watch this space!”
BICO is the native utility and governance token of the multi-chain transition infrastructure. It acts as network fees, incentivizing all stakeholders to maintain and secure the network. Thus, it plays a crucial role in decentralizing governance and contributing to the network’s security.
