Please describe your proposed solution
Introduction
We'll deliver a gasless tx library which will enhance the Cardano onboarding experience, improve the flow of On-Chain Governance & interaction between the user and decentralized applications (dApps).
Objective
The primary objective of this library is to facilitate seamless user interactions by moving gas/tx fees behind the scenes. This will create an improved user experience by removing the need for them to pay the fees altogether.
How It Works
The gasless transaction library utilizes a meta-transaction workflow where:
- User Transactions: Users sign transactions without paying the gas fee.
- Relayer Scripts: These scripts receive the signed transactions and submit them to the blockchain.
- Fee Sponsorship: The gas costs are covered by the platform through a dedicated ADA pool designed to foster user adoption.
Key Features:
- Simplified Integration
- Provides a well-documented and easy-to-use interface for platforms.
- Minimizes the development effort required to implement gasless transactions.
- Abstracted Gas Management
- Manages gas fees transparently, offering users a frictionless experience.
- Allows platforms to subsidize gas costs without involving the end user.
- Enhanced User Experience
- Enables users to interact with dApps without worrying about gas fees.
- Promotes a seamless and engaging user experience across various platforms.
Benefits:
- For Users:
- Enjoy frictionless access to dApps without the complexity of gas fees.
- Engage more freely with the ecosystem, enhancing participation and satisfaction.
- For dApp Developers:
- Focus on core application features rather than infrastructure concerns.
- Attract a broader audience by lowering the entry barriers to dApp usage.
- For the Cardano Ecosystem:
- Increases overall adoption and encourages the development of innovative dApps.
- Strengthens Cardano’s position by offering user-friendly solutions.
Use Cases:
- Blockchain-Based Games:
- Enables players to make in-game purchases and trades without gas fees.
- Facilitates seamless participation in game events and quests.
- Social Networking Platforms:
- Allows for gas-free tipping, content purchases, and subscriptions.
- Supports the creation of decentralized social experiences without financial barriers.
- Creative Content Marketplaces:
- Streamlines the buying and selling of digital art, music, and videos.
- Encourages a larger volume of transactions by removing gas cost concerns.
- Decentralized Finance (DeFi) Platforms:
- Enables users to participate in staking, lending, and other DeFi activities without the overhead of gas fees.
- Facilitates smoother and more frequent transactions for yield farming and liquidity provisioning.
- Voting and Governance:
- Supports gas-free voting in DAOs and other governance frameworks, increasing voter turnout.
- Simplifies the process of engaging in protocol governance and decision-making.
- Supply Chain Tracking:
- Enables companies to log and verify supply chain actions without transaction fees, improving transparency and participation.
- Facilitates the adoption of blockchain for tracking by reducing operational costs.
and many more…
Conclusion
By providing a gasless transaction library, we empower the Cardano community to build more accessible and user-friendly dApps. This initiative is expected to fuel the growth and diversification of the Cardano ecosystem, making it more attractive to users and developers alike.