Biconomy acquires Klaster with the aim of establishing a modular execution environment

Blockchain power builder provider Biconomy has acquired blockchain abstraction firm Klaster with the aim of establishing a Modular Execution Environment (MEE), a conceptual framework designed to simplify blockchain complexity for the benefit of developers and enhance the user experience, Cointelegraph reported. Biconomy said MEE will be built on a modular blockchain stack to enable trustless and efficient execution of Hypertransactions; Hypertransactions utilize Merkle trees and cryptoeconomic guarantees to enable developers to build cross-chain applications and use cases without having to write complex smart contracts; This approach aims to reduce the need for complex smart contracts while keeping the security and scalability of blockchain operations improved.