Meta transactions allow users to interact with a blockchain without having to hold the native tokens required for transaction fees. Instead of paying gas fees directly, users can authorize a third party, often called a relayer, to submit their transactions on their behalf.In this process, the relayer pays the gas fees upfront and may accept different forms of compensation, such as off-chain payments or tokens. This model is particularly useful for applications where onboarding users is a challenge due to the need for initial token acquisition and wallet management.By using meta transactions, development teams can enhance user experience, reduce friction, and attract a broader audience. This feature is especially beneficial in decentralized applications (dApps), as it simplifies processes and lowers barriers to entry for new users.Overall, meta transactions represent a solution to one of the common hurdles in blockchain use, enabling greater accessibility and usability for a wider range of people.
Circle Expands Stablecoin Market Leadership with Hashnote Acquisition
Circle Internet Group, Inc., a prominent global financial technology firm specializing in stablecoins, has announced its acquisition of Hashnote, the