A meta transaction is a method that allows users to interact with a blockchain without needing to hold the native currency for transaction fees. In a typical scenario, a user must possess the native cryptocurrency (like Ether for Ethereum) to pay for gas fees while executing transactions.With meta transactions, a third party, often called a relayer, can cover the transaction fees on behalf of the user. The user signs a message that indicates their intent to perform a specific action, and this message is sent to the relayer. The relayer then submits the transaction to the blockchain and pays the associated fees.This approach simplifies the user experience, as individuals can engage with decentralized applications (dApps) without first acquiring the native currency. It can enhance user onboarding, particularly for newcomers unfamiliar with cryptocurrency exchanges and wallets. Overall, meta transactions make blockchain technology more accessible and user-friendly.
PostFinance Introduces Crypto Staking, Expanding Digital Asset Offerings
Swiss state-owned bank PostFinance has added cryptocurrency staking to its digital asset services, becoming the first systemically important bank to