The introduction of blockchain technology and the first cryptocurrency Bitcoin was a great step towards global financial technology. Ever since the introduction of this technology, a lot of projects have been integrated into it. After a while in order to solve some of the issues that were faced bitcoin blockchain , ethereum blockchain was introduced with the use of smart contract.
However, some issues such as non scalability, high gas fees, delay in transaction speed, lack of proper security tools and others were still some factors hindering the full adoption of the blockchain technology. Hence the need to create FLETA as a blockchain that will not only solve these problems but with other great technological tools that will truly transform the blockchachain technology and the cryptoworld in general . https://www.fleta.io/
THE CREATION OF FLETA BLOCKCHAIN
Due to the challenges faced by crypto enthausiats while making use of the existing blockchains, it was necessary for a team of seasoned professionals and experienced men to create an innovative blockchain known as FLETA. In designing Fleta blockchain, the developers considered the fact that for a blockchain to be of standard, developers should be able to develop their own DApps easily without having to employ professionals. Also it should be user friendly so that users would be able to make use of such blockchain when the need arises without stress.
SOME OUTSTANDING FEATURES THAT MAKE FLETA BLOCKCHAIN DIFFERENT
There are a lot of features that have been designed on Fleta that will make it unique and different form every other existing blockchains. Some of them are: https://www.fleta.io/
1.No gas fees: in the existing blockchains like Ethereum,and bitcoin and others , gas fees keep increasing especially when there is congestion on the network, only the transaction with a higher gas fees would go through those with a low fees will either fail or transactions take ages to be confirmed. Fleta is going to be the first blockchain that users will operate without the need to pay gas fees.
- High speed of transaction: Fleta has developed a new block structure with reduced blocks from 560 bytes to as low as 360bytes which will enhance a supper transaction speed even without changing the design or protocol to either consensus algorithm or sharding model.
Also, the Level three verification process adopted by Fleta while replacing the existing Merkle method of verification. This replacement has allowed Fleta to have up to 5 times increase in verification speed. Also, Fleta is using the new block structure and level three verification process to increase the speed of transaction 8 times more than other the existing blockchains.
Multichain protocol: Some of the coins are made up of only a single mainchain and due to this, all the data are needed to be able to verify the validity of every transaction, But Fleta is operating with a multichain structure which allows every DApp to operate on its own chain independently with a separate formulator. Also, in creating formulator, DApp’s token is used rather than using Fleta coin.
Provision of model to Dapp: the use of Fleta blockchain allows DApp developers to enjoy a serviced model like chain technology, creation of tokens and development of Smart contracts as well as developer’s portal. Fleta supports Solidity and java Script as well as Go language when it comes to its Smart contract functionality.
TOKEN ISSUANCE
In the Fleta blockchain , token economy is the major operations of Fleta and its DApp, because of this , DApps with token are issued and operated in an independent chain rather than the main chain as seen in most existing blockchains. This means that the token economy can be actualized through many consensus modes according to the choice of the developer. The reward system also independently done through any consensus such as POW (proof of work), poS (proof of stake) or through a voting process etc depending on what the developer decides on. With the Fleta token economy the creation of many Utility tokens will be encouraged. https://www.fleta.io/
FLETA TOKEN USAGE
Fleta token will be used for several purposes on the Fleta Ecosystem including:
- Only holders of Fleta coin will be allowed to take part in the Formulator group
- Fleta coins will be given as rewards to all Formulators that are part of Fleta chain.
- Fleta coin can be exchanged for other cryptocurrencies when listed on Exchanges.
CONCLUSION
Interestingly, Fleta team is planning to launch their mainnet very soon in order to create a blockchain that both developers and users can comfortably operate without stress. With the unique features of Fleta, and its Gas free nature , there is no doubt whatsoever, that this blockchain will change the face of blockchain technology positively by providing a suitably platform where developers and users can create a business model that will impact on lives globally. In my opinion, this is the best blockchain project I have seen since the creation of blockchain technology.
However, since this article cannot capture all the unique features, advantages and potentials of Fleta blockhain , I advise my readers to also read Fleta white paper https://www.fleta.io/download/190426_Buisness_Whitepaper_EN_web.pdf and website: https://www.fleta.io/ for more information and updates.
THE TEAM
Website: https://www.fleta.io/
whitepaper: https://www.fleta.io/download/190426_Buisness_Whitepaper_EN_web.pdf
Telegram: https://t.me/FLETAofficialGroup
Twitter: https://twitter.com/@fletachain
Authour’s Btt profile: https://bitcointalk.org/index.php?action=profile;u=1760015;sa=summarya8
Authour’s Name : nesbee2
some contents and images on this article is from fleta website and whitepaper