2.2 Key Features and Innovations
LQDTY incorporates several groundbreaking features that distinguish it from traditional Layer 1 blockchains:
1. Biometric Key Shard Verification for Secure Transactions
In partnership with Telos, a leading cybersecurity company and provider of TSA PreCheck services in the United States, LQDTY integrates biometric key shard verification into its transaction framework.
- Optional Biometric Security: Users can opt for biometric authentication, enhancing transaction security for high-value or sensitive operations.
- Privacy-Preserving Technology: Biometric data is processed and validated using Zero-Knowledge Proofs (ZKPs) to maintain user privacy while ensuring tamper-proof verification.
2. Tiered Gas Fees for Gas-Free Transactions for Authorized Users
LQDTY implements a unique sponsored gas mechanism where deployers pay transaction fees based on a tiered structure.
- End-User Accessibility: Authorized users enjoy gas-free transactions (paid by Sponsor), removing the cost barrier to blockchain interactions.
- Developer Incentives: Deployers pay gas fees proportionate to the financial value of transactions, encouraging efficient and scalable contract designs.
3. Decentralized Applications (dApps) Support
- Developer-Friendly Tools: LQDTY supports Rust-based smart contracts, providing developers with a secure, flexible, and efficient framework for building dApps
- Broad Use Case Support: From DeFi protocols and NFT marketplaces to enterprisegrade applications, LQDTY empowers developers to create innovative solutions across industries.
4. Enforced Compliance Using ZKPs
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AML and KYC Compliance: Users undergo secure KYC processes, including ongoing validation for Politically Exposed Persons (PEPs) and sanctions compliance.
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Investor Accreditation: ZKPs validate investor accreditation status for retail and institutional participants, including 506(b), 506(c), Qualified Institutional Buyers (QIB), and Qualified Purchasers (QP).
Updated 16 days ago