3.2 Sponsored Gas Mechanism for Cost-Efficient Transactions
3.2.1 Fee Shift to Smart Contract Deployers
- Gas-Free Transaction User Experience (Paid by Sponsor): End-users are exempt from transaction fees, shifting the burden to smart contract deployers.
- Incentivized Efficiency: Developers are encouraged to create cost-efficient smart
contracts, reducing unnecessary gas consumption.
3.2.2 Transaction Validation and Fraud Prevention
- Tamper-proof mechanisms: Transactions are validated using LQDTY's Proof-ofStake (PoS) consensus, ensuring data integrity.
- Fraud Detection: Built-in monitoring systems identify and mitigate malicious activities such as double-spending or spam transactions.
3.2.3 Tiered Gas Fee Structure
- Transaction Value-Based Fees: Deployers pay fees based on the financial value of transactions, with higher-value transactions falling into higher fee tiers.
- Sustainability: The tiered structure ensures scalability and supports ecosystem growth without overburdening deployers.
Updated 16 days ago