💡Features
Last updated
Last updated
Tonomy ID empowers users with full autonomy over their digital identities, enabling seamless interaction with various entities within the network, including people, DAOs, and applications. This system eschews third-party identity providers, offering a democratised approach that caters to all technical skill levels.
The design paradigm of Tonomy prioritises user privacy. By vesting data control in the hands of users and employing advanced cryptographic techniques such as zero-knowledge proofs, the network guarantees privacy and consent without reliance on third-party custodians.
The network facilitates private and anonymous identity verification processes. Personal verification proofs are stored locally on users' devices, not on central servers, enhancing privacy and trustworthiness across the network. KYC costs for businesses integrating with Tonomy ID are reduced 100-fold as users verify their identity once and can prove their status anywhere, as many times as needed.
Tonomy enables users to execute digital eiDAS compliant qualified electronic signatures (QES) and smart contract transactions within the app environment, leveraging multi-factor authentication, multi-party approvals, hardware signature proofs to bolster security. This enables a military and banking-grade infrastructure that adheres to the highest industry standards.
Tonomy PAY offers a user-friendly financial interface akin to modern neo-banking systems. It allows for simplified payments, receipt management, and advanced account management, blending hot and cold wallet features while hiding cryptographic complexities. The network's low transaction fees also make it an ideal rail for micropayments and small-value transactions.
Tonomy DAO offers flexible and comprehensive governance templates and IAM structures, supporting diverse organisational models. It enables efficient management of permissions and roles, enhancing operational security and efficiency whilst paving the road for entities that aim for high levels of compliance.
The network features a comprehensive arbitration system that ensures privacy while providing safety and conflict resolution mechanisms. This system is crucial for maintaining a secure and compliant environment, enabling the resolution of disputes and the protection of user data. Justice should be delivered digitally in the 21st century and an environment of accountability is established through a mix of privacy-preserving identity, arbitration and governance features.
The network's governance and administration system is open and accessible, fostering democratic participation in policy and rule-making. This transparency ensures accountability and sustainable evolution of the ecosystem. Tonomy is the first blockchain suite with an inbuilt network governance platform.
The network leverages artificial intelligence to aid in creating clear and comprehensive governance proposals and policies, enhancing decision-making quality and regulatory compliance. AI is also used to intelligently analyse the network & social sentiment to create improvement proposals for the network.
Tonomy offers a no-code application development and management platform, facilitating rapid deployment and integration of decentralised applications for anyone, regardless of their technical skill set.
The network achieves significant throughput (10,000 transactions per second) with low latency (0.5 seconds), utilising advanced consensus algorithms like aBFT and HotStuff, enabling efficient on-chain application performance.
The network employs a flexible and modular approach to transaction fees, allowing for customisable models that cater to diverse needs within the ecosystem. The core network employs fixed-dollar fees, enabling predictable expenses for businesses that deploy applications on Tonomy-powered networks.
Tonomy implements an on-chain consensus model, facilitating a dynamic and adaptive governance structure of the technical infrastructure. This model allows the network to evolve its governance policies in response to its participants' changing needs and consensus.
The network's use of optimised server technologies and efficient consensus algorithms minimises its environmental footprint. Its cryptographic infrastructure is designed to be upgradeable, ensuring readiness for future advancements. The Tonomy Foundation also commits to purchasing carbon credits in the future to make the network carbon-negative.
Employing decentralised identifiers (DIDs), the network ensures private and verifiable off-chain data, enhancing interoperability across the internet and other blockchain systems.
The network supports the creation of on-chain smart contracts in multiple programming languages and execution in WASM smart contracts or through the Ethereum Virtual Machine (EVM), offering developers flexibility and choice based on use-case requirements and team expertise.
Ensuring compatibility with Ethereum Virtual Machine (EVM) and decentralised finance (DeFi) protocols, Tonomy is poised to integrate with existing DeFi ecosystems. This compatibility facilitates liquidity and interoperability, broadening the network's appeal and utility within the broader blockchain landscape.
The network's architecture ensures compliance with global personal data privacy regulations such as GDPR, CCPA, and CCRA to facilitate enterprise and government adoption. This compliance is intrinsic to the system's design, making it a viable and trustworthy option for enterprise and government applications, ensuring cybersecurity and privacy.
Tonomy adopts a human-centric approach, prioritising intuitive user experiences and seamless integration of cryptographic technologies, mirroring familiar Web2 standards while leveraging advanced Web3 innovations.
Contrasting with the fragmented nature of many cryptocurrency ecosystems, Tonomy provides an integrated, user-friendly suite of standardised out-of-the-box tools. This cohesive ecosystem enhances the user experience, reducing complexity and confusion for novice and experienced users.
Tonomy’s self-regulation mechanism, underpinned by its robust identity and governance systems, allows applications and the ecosystem to enforce policies and network rules autonomously. This approach diverges from traditional, unregulated cryptocurrencies, establishing a secure and politically resilient environment.
Tonomy introduces a flexible governance framework, enabling customisable governance models for both the ecosystem at large and individual DAOs. This modular system accommodates a range of governance styles, from democratic to share-based, supporting diverse organisational needs and facilitating effective self-governance.
The network's architecture is modular, allowing for tailored configurations in various sectors. Its white-labelling capability makes it adaptable to diverse ecosystems, enhancing trust and adoption rates.
All software within Tonomy adheres to the Apache 2.0 license, encouraging community collaboration and bolstering security and privacy. This also assists in government adoption to prevent vendor lock-in.
