Introduction

Regarding blockchain technology, transaction fees are a crucial but contentious feature. Even though they are essential to the maintenance and security of the network, they frequently serve as a barrier to the practical implementation of blockchain, especially in applications that involve microtransactions or gamified experiences. Blocktify seems as a solution to this global problem.

Blocktifyis a special fork of the BSC blockchain protocol that introduces the Quota System, a novel stake-based feeless transaction mechanism, while maintaining the main benefits of its predecessor, such as security, speed, and scalability.

Based on their stake amount, holders of Blocktify's native token can access a predetermined quota of feeless transactions through the Quota System. With the new system, stakeholders no longer have to pay for direct transactions, and a fair distribution of transaction capabilities is guaranteed. In addition, it provides non-stakers with the option to carry out traditional transactions by covering the gas fees, therefore meeting the needs of a variety of network users.

Furthermore, the Quota System incorporates a venture capital inflation mechanism to finance stakeholder cash-back, so rendering it a self-sustaining model. In addition to reducing fee friction, this method paves the way for a number of practical applications, including gamified experiences, microtransactions, and a more affordable DeFi environment. Blocktify hopes to transform the blockchain environment and make it more user-friendly, efficient, and accessible for everyone with this creative approach.