Presently, the blockchain technology is having a huge market capitalization with more awareness and more people joining the market. Bitcoin was the first cryptocurrency that had a blockchain , but at some point it couldn’t bear the load anymore then other blockchains start coming in.
Although there are various blockchain in existence including Ethereum and bitcoin blockchain, yet new start up developers as well as users are still finding it difficult creating a DApp and carrying out effective, efficient, safe and secure cryptocurency transactions respectively. A normal blockhcain is made up of the DApp developer, blockchain users and coin miners. thses three need a satisfactory blockchain experience which FLETA has come to provide.
SOME CHALLENGES WITH EXISTING BLOCKCHAINS.
All the existing blockchain have common problems which some of them are:
-Delay in transaction
- High gas fees when transferring digital assets.
- Non scalable platforms which lead to congestion and subsequent delay in transactions. The problem of scalability is actually the root of most of the problems faced by existing blockchains. as the platform gets congested and cannot expand to meet up the heavy transactions that usually come later on the blockchain , the transaction gas fees becomes high in other to push through a transaction and get the token/coin verified or confirmed.
THE GOODNEWS ABOUT FLETA
Fleta is a blockchain platform that is built with a highly sophisticated technology that will enable the development of Decentralized Applications (DApp) for several businesses as well as Games. Fleta is uniquely designed to actualize the real Decentralization of the blockchain and increase the value of the blockchain technology by improving on the scalability of Dapps and making them to operate independently.
However, Fleta is designed as a unique type of blockchain that will allow more freedom, efficiency and effectiveness while developers and users are using the blockchain. Fleta is striving to be the best and user friendly blockchain in the crypto world.
The initial Fleta bockchain has been upgraded to a more innovative blockchain with a redesigned technology , a faster verification speed and a reduced Data volume which enhance other functions. Also, the reduction of block generation speed, there is a tendency for more transactions to be processed with the speed of light in each block.
GREAT AND INNOVATIIVE FEATURES OF FLETA
Fleta is designed with several unique features that will enable developers to develop DApps successfully without issues and enable users to like wise use the blockchain for transactions.
i. Level tree adoption: Fleta has adopted a level tree verification method that will use in the place of Merkle tree verification method that has been in existence over the years. With this new verification method, Fleta will be able to carry out the real transaction speed. This replacement and introduction of level tree verification method definitely increase the verification speed by 5 times and increase transaction speed by 8 times the already functioning blockchains.
ii. Fork prevention: Fleta has been created with a brand new consensus model known as PoF (proof of formulation) which supersedes the existing models including PoW and PoS, also, this new consensus is designed to prevent unnecessary fork of coins. this new model will lead to a reduction in block which ultimately lead a fast generation of blocks and dissemination , this observer node therefore allow instant and fast confirmation of transactions and prevention of fork.
iii. Gas free blockchain : with the use of fleta blockchin, users do not have to pay the huge gas fees as charged by other blockchain platfoms.
iv. Multichain: unlike other blockchains that have single chain, on Fleta when a new token is generated its transaction chain is created alongside the token, and the blocks are processed through proof of formulation consensus model and token economy. With this, there is no mutual influence between the main chain and each subchain of DApps
v. high speed of transaction : due to the design of Fleta, its able to carry out 20,000 transaction per time unlike other blockchains. And with this the network is not over loaded at any point in time.
FLETA ROAD MAP
FLETA DEVELOPING TEAM
for more information go to the following links :
Website: https://www.fleta.io/
whitepaper: https://www.fleta.io/download/190426_Buisness_Whitepaper_EN_web.pdf
Twitter: https://twitter.com/@fletachain
Telegram: https://t.me/FLETAofficialGroup
My Btt profile: https://bitcointalk.org/index.php?action=profile;u=2281902;sa=summary
My Name : funex
images on this articles gotten from fleta website.