Disclaimer: 🚨 The information provided across all of Sugarcane's communication channels is for informational and entertainment purposes only. It should not be construed as financial or investment advice. Consult with a financial professional before making any investment decisions.
Disclaimer: 🚨 The information provided across all of Sugarcane's communication channels is for informational and entertainment purposes only. It should not be construed as financial or investment advice. Consult with a financial professional before making any investment decisions.
Speaker 1:
You're listening to the Sugar Cane podcast, where you get all of crypto's tastiest tips.
Speaker 2:
Here's your hosts, Sheldon Trotman and Rudy Dogum. Sheldon, what is Biconomy?
Speaker 1:
Yeah, so Biconomy relates back to this whole notion of account abstraction. So we talked about in previous sessions in our podcast around how to actually make the user experience simpler, and so Biconomy is one of the foremost and premier products around creating account abstraction SDKs, so that all kind of means oh good, no, I'm just listening, but so I'm already thinking of ideas.
Speaker 2:
So it sounds like they're creating these tools that make it easy to enable account abstraction in your debt.
Speaker 1:
Yeah, yeah. So from a technical perspective, what they really allow us to do is, instead of a user having to drop down and metamask and pick like the chain that they want and actually click to sign a transaction or execute transaction Think about the gas. Biconomy really lets us abstract that all the way, and so within the Sugar Cane product, we make it so that people don't have to actually visibly see the chain or visibly see the actual the gas related None of the details of crypto.
Speaker 2:
We kind of use Biconomy to abstract away that's neat because that is probably the most difficult thing is to remember what chain you're on. Yeah, and I even get those popups on my browser looks and hey, don't forget. Like switch to arbitration. Oh yeah, let me switch there, then I'll see how much USDC I don't have on there, okay.
Speaker 1:
I'm going to arbitrate. Yeah, it's a bear market, that's awesome.
Speaker 2:
And then so yeah, tell me more about how sugar cane is going to use Biconomy and kind of what it provides us.
Speaker 1:
Yeah, so talking a bit about the flow, when the person signs up on sugar cane, they sign up with their e-mail, right, and so in the behind the scenes we'll talk more about how we actually do it. But we attach a wallet to that email and then we also create what's called a smart account, and so, in the context of account abstraction, smart accounts are where you can actually sign transactions and have the ability to execute on chain actions on behalf of a user without having to have them pay the gas for transactions.
Speaker 2:
So smart accounts are on the blockchain, Ethereum blockchain and can they be made on multiple chains within Ethereum?
Speaker 1:
Yeah, yeah. So on the sugar cane product, when you actually sign up, not only do we attach a wallet to your email, we also automatically spin up smart accounts on a number of different chains for you. So we spin up from our accounts on arbitrum, on optimism, on polygon, on Ethereum mainnet, on base, which is a new blockchain that just came out, and then we also have BSC, which has been an existing blockchain sponsored by Binance. So we spend a smart accounts on a number of these different chains so people can actually take actions on any of these chains. But again, all that's abstracted from the consumer.
Speaker 2:
And what was your experience? Like you know, as a developer building on the economy, would you recommend it?
Speaker 1:
Oh, certainly Like. It's funny because, like, we spent about like two, three months or actually probably longer than that three to four months building our own custom architecture and infrastructure For doing a kind of abstraction, for doing what's called paymasters, which essentially is like kind of a technical way to say have someone pay the gas for you. But with Biconomy, we actually built out a preferred concept during the hackathon, so it was like a weekend experience, and then by the end of the weekend we had a working product. And so from that whole experience of realizing that we can build something pretty quickly in a weekend, we actually decided to to migrate a lot of our custom architecture over to Biconomy stack For the past month or so. This is working pretty well.
Speaker 2:
Nice, yeah, it makes a lot more sense because it's much easier to offset that and have experts building that specific product out and then you can just for sure adopt it in a weekend, For sure.
Speaker 1:
Yeah, because, like, from our perspective, we really focus on, like, the user experience and how to simplify that whole, like flow, but for the end consumer right, they don't really care about what the actual pieces that do that particular thing. So whether we do it custom or we have a provider that does that specific piece, it's relevant to the consumer. But from our perspective as a company, like it really allows us to focus on what we kind of do best, which is like optimizing the experience, and then allow Biconomy and other providers in the stack to basically focus on that particular part and we leverage their expertise Nice.
Speaker 2:
And that, yeah, it's like exactly what we need as a consumer is the less we like have to go through easier experiences, the better, and it sounds like sure Can of my economy are definitely in sync with creating that environment for all their users.
Speaker 1:
100% 100%, Chris. The tastiest of experiences. That's awesome.
Speaker 2:
Well, I'm excited for like what's the column? I'm happy that we're building with my economy. I think they're happy that we're building with them, and if anyone has any more questions, just drop some comments down and we'll get to what it's like to use by economy.
