PANews reported on November 4 that according to Cointelegraph, blockchain development tool provider Biconomy has acquired blockchain abstraction company Klaster to build a modular execution environment (MEE), which is a conceptual framework designed to simplify the complexity of blockchain to benefit developers and enhance user experience. Biconomy said that MEE will be built on a modular blockchain stack to achieve trustless and efficient execution of super transactions; super transactions use Merkle trees and crypto-economic guarantees to enable developers to build cross-chain applications and use cases without writing complex smart contracts; this approach aims to reduce the necessity of complex smart contracts while maintaining improved security and scalability of blockchain operations.