FLETA Deploys Matic Network’s Technology

FLETA Blockchain
May 6, 2020 · 2 min read

FLETA is excited to announce that FLETA will deploy Matic Network technology to FLETA Mainnet.

Matic Network is a Layer 2 scaling solution that achieves scale by utilizing side-chains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake(PoS) validators. Matic Network aims to be the de-facto platform on which developers will deploy and run decentralized applications. Essentially, DApps running on Ethereum have the option to use Matic to take advantage of fast, cheap, and secure transactions on the network, and take advantage of Plasma security for assets.

FLETA Gateway supports auto-swap between FLETA ERC-20 and FLETA native coin on FLETA Wallet. By adopting Matic’s Plasma technology, FLETA seeks to upgrade the Gateway to make it more decentralized. FLETA will first deploy the plasma framework, especially the Deposit & Withdrawal Bridge and Checkpoint. This will allow current FLETA gateway more decentralized and provide a more convenient Deposit & Withdrawal system to FLETA users. FLETA will keep expanding its ecosystem globally by collaborating global mainnet projects and strive for the commercialization of blockchain technology.

Thank you.

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