Fleta Launches Public Testnet With Speeds Of Up To 15,000 TPS

Fleta Launches Public Testnet With Speeds Of Up To 15,000 TPS

The world of the blockchain increasingly gains more traction in the everyday world, more cases of use and applications are generated every day in an increasingly globalized and competitive economy that generates demand for tangible, reliable and safe goods and services.

That is why blockchain technology has gained space for some time ago to achieve linking real use cases with a world increasingly technologically decentralized. But these changes also generate challenges, and one of the most important to which the chain of blocks is exposed today for its adoption on a large scale is without a doubt its scalability.

As is known, the vast majority of blockchains have speed problems to process transactions, something known as scalability. Therefore, if any platform wants to successfully break into the daily space it must be able to combine three key factors such as scalability, security, and consensus.

For us to have a closer appreciation, VISA achieves a maximum of 20 thousand TPS in its transactions, hence its success to be used as a bridge of payments worldwide.

Therefore, if we want intelligent contracts, decentralized applications (DApps) and daily payments can be made with blockchain technology and through cryptocurrencies, it is necessary to have an available platform that guarantees high transaction speeds together with the security and immutability of the network to generate a reliable and very useful mechanism.

Recently, this May 16, in Seoul, South Korea; FLETA, a blockchain platform that aims to create a sustainable DApp ecosystem has launched a public testnet in its open source beta phase that promises to solve the typical blockchain's problems currently.

Through its official website and through a press release, they have informed that their repository in Github is available to be used by all those interested in testing the benefits of its platform that promises to generate a disruption in the decentralized world of applications thanks to its scalable architecture, efficient operations and proven Second Transaction capabilities that have a proven maximum of 15,000 TPS so far, CLOSING its limit to the current VISA capacity.

FLETA is a public blockchain platform with technology and business support services for DApps. The medium-term objective of the company is quite clear: to accelerate the adoption of blockchain technology on a large scale by means of a friendly environment for the generation of new cases of use.

In addition, FLETA presents a gateway, it is FLETA Gateway that allows interoperability with other existing platforms such as Ethereum, EOS, and Tron.

This project promises with its innovative technology to generate a strong competition with the current large platforms for the development of decentralized applications and for this they have proposed a new consensus algorithm, Formulation Test (PoF), which together with other benefits of its technological proposal as the redesign of blocks has achieved a maximum of 15 thousand transactions per second in its testing phases.

In addition, the company has indicated that raises revolutionize the cost of development for DApps, a major nerve center nowadays that discourages many developers to generate cases of real uses, for the high fees to be paid on traditional platforms such as Ethereum, EOS, and Tron.

Paul Seungho Park, co-founder, and CEO of FLETA said in relation to the launch of the testnet that:

“The launch marks a monumental milestone in our roadmap.” The ultimate goal of FLETA mainnet is to create a blockchain system with the highest efficiency and achieve a successful merger of existing services and technology with unparalleled speed.”

FLETA has opened the Open Developer Portal since March 2019 and it is expected that its mainnet will be launched in July. Developers interested in generating DApps and testing the benefits of their platform can go to their open source on Github.

For now, the blockchain adoption on a large scale promises to be a reality in the short term, as it has been noticed by large influencers of crypto space. The launch of FLETA with its high TPS promises to create a milestone within the industry that allows the massification of applications that generate utility in many areas of daily life, where we will use technology without realizing that we are using it.

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