FLETA is a platform for Decentralized Applications (DApps) that makes use of smart contracts and blockchain technology to create the perfect environment for developers.

The FLETA platform offers new and innovative technologies like their brand new PoF (Proof of Formulation) consensus algorithm that prevents unnecessary forks and creates a faster block generation and dissemination. LEVEL Tree Validation, as well as Parallel Sharding, are a few other innovations brought by the FLETA platform.

Additionally, the new independent Multi-Chain Structure created by the FLETA platform will allow developers and users to operate with more financial freedom as well as allowing an unlimited number of DApps. FLETA can achieve this thanks to its innovative system that allows independent sub-chains where each sub-chain is controlled and operated through each DApp. This system prevents the mainnet from overloading; every time a DApp is added to the blockchain, the data chain is also expanded.

FLETA’s block redesign also offers many benefits like a reduction in block size of around 43% as well as faster transactions. FLETA has been able to achieve 1.8 times speedier transaction processing speeds and reduced the data storage most optimally.

Then, what’s the main difference between FLETA and other similar platforms?

There has been an increase in demand for DApps because they have enormous potential, and therefore, an increase in demand for platforms that can support DApps has also increased. EOS and Ethereum, platforms currently at the top, are examples. However, compared to them, FLETA has its own merits and compatible features that make it the next optimal platform.

There are a few problems when it comes to current issues that platforms face. For example, users of some major platforms suffer from high transaction fee and scalability problems. Also, low speed, like 15- 20 TPS of Ethereum, is another limitation of many other blockchain platforms.

So, what is FLETA doing differently to solve these problems?

FLETA is currently trying to solve all the issues mentioned above using innovative technology like their Proof of Formulation algorithm. The PoF doesn’t have miners or validators; instead, there are two groups: Formulators, the block generators, and Observers that are in charge of the security of the network.

Through the FLETA tech innovations, FLETA reached a maximum of 14,000TPS. The addition of a multi-chain system makes double-spending impossible.

FLETA also solved the problem with high costs for developers and users. Developers have full freedom and can choose between using FLETA’s platform and services as well as launching their DApp on customizable independent sub-chains where they can change the token economy, consensus algorithm, and even transaction fees.

Conclusion

FLETA platform is trying to solve all the issues and become the standard platform for DApps solving the scalability and speed issues, possibly the two most important factors when it comes to DApps.

FLETA’s platform has all it needs to become the next optimal platform for DApps; the numerous partnerships with other big blockchain projects like Swisscom Blockchain and Ledger have been worked with FLETA tremendously. TEAM FLETA is continuously trying to improve the platform and solve all the issues the current blockchain platforms are facing, creating an optimized and sustainable ecosystem.

Lastly, the transparency that FLETA’s platform offers is a huge asset that any company needs. They are continually keeping users up to date as well as updating the roadmap, a full written whitepaper, team information, and partnerships.