FLETA

The Platform for Sustuinable Dapp Ecosystem

About

The first generation blockchain platform, Bitcoin resolved the double spending issue of cryptocurrencies.

Following Bitcoin was Ethereum, the second-generation blockchain platform, who realized the diversity of services in the blockchain platform via smart contract.

Yet, most blockchain platforms are showing limits in terms of scalability, data-processing speed, data storage, and execution fees.

For blockchain platforms to take on sustainability and be operated in such a manner, developers should be able to develop DApps without any hassles, and users should be able to use it readily. It is with this in mind that FLETA came up with an optimal platform, meeting the needs of the platform participants, with our advanced technology.

Independent Multi-Chain Structure

FLETA utilizes an independent multi-chain structure, with the existence of a sub-chain apart from the main-chain, resolving the main-chain overload issue and reducing excessive fees both for developers and users. That is, by separating the performance of the main-chain and the data domain, each DApp is operated independently, without being mutually influenced, leading to a limitless number of DApps being available. This in turn, results in the reduction of excessive development costs of DApps and execution fees caused by using DApps.

Independent Multi-Chain Structure

FLETA utilizes an independent multi-chain structure, with the existence of a sub-chain apart from the main-chain, resolving the main-chain overload issue and reducing excessive fees both for developers and users. That is, by separating the performance of the main-chain and the data domain, each DApp is operated independently, without being mutually influenced, leading to a limitless number of DApps being available. This in turn, results in the reduction of excessive development costs of DApps and execution fees caused by using DApps.

Block Redesign

Block’s structure is the pillar of the blockchain, which directly leads to the processing speed and storage capacity. FLETA has redesigned the block structure, which had been used since the initial stages. This was accomplished by reducing the blocksize by 43% and at the same time reducing the size of index, which is needed for operation. Thus, the processing speed became 1.8 times faster and data size has been optimally reduced, making the structure more efficient.

LEVEL Tree Validation

Unlike the Merkle Tree validation, which is constantly undergoing a great deal of calculation, FLETA adopted the LEVEL Tree validation. Reducing the size by 90%, the LEVEL Tree validation carries out a high quality transaction validation process with less data reception, concurrently increasing the speed of the process by more than 5 times.

Parallel Sharding

The Sharding Algorithm, which FLETA developed, can be operated in parallel, without double spending, as each shard is separated so that the data is not shared among them. Additionally, the enhancement of TPS is achieved with the increase in the number of shards, along with the enhancement of TPS in each shard, making FLETA process 20,000 transactions per second. We are proud to report that this is the fastest TPS of individual shards among existing blockchain projects.

ROADMAP

Q3 2018

• Complete Development of PoC CodePoF (Proof-of-Formulation)
• Block Redesign

Q4 2018

• Unveil Web SimulatorPoF (Proof-of-Formulation)
• Block Redesign
• Complete Development of PoC Code:Independent Multi-Chain Structure
• Smart Contract

Q1 2019

Open Testnet

• Complete Development of PoC CodeParallel Sharding

Q2 2019

• Update TestnetParallel Sharding

Plan FLETA’s own DApp Project

Open Mainnet

Q3 2019

• Update MainnetParallel Sharding

Open Developer Portal (Beta)

Q4 2019

Open Developer Portal

Open FLETA’s own DApp (Beta)

Team

Paul Park: CEO

Henry Hong: COO

Peter J: CFO

Scott Park: CTA/Director

Jason Kim: Director

Gerrard Kim: Director

Bina Cho: Director

Sam Jeong: CTO

Soo Kim: Head of Branding

For More Information Click Link Bellow:

• Website: http://www.fleta.io/
• Telegram: https://t.me/FLETAofficialGroup
• Medium: https://medium.com/fleta-first-chain
• Twitter: https://twitter.com/@fletachain

Author: Foto lama

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1957113