FLETA provides the Best Environment for DApps
DApp stands for Decentralized application, and it’s a fairly new concept that has become quite popular in the last few years. DApps are, by definition, decentralized and require no central authority to function. There are, however, a few requirements that have to be met for a typical application to be considered a DApp.
Transparency is vital; DApps are open-source, which means the source code is available for everyone. Additionally, DApps have to be autonomous and allow users to decide on important issues by voting. DApps use blockchain technology as well as simple cryptographic technology in order to ensure a complete decentralization. A DApp must use a cryptographic token and generate tokens.
There are many benefits of using DApps as well as creating them. They are far cheaper to run than traditional applications, and they provide extra security thanks to the blockchain. DApps don’t have a single point of failure and prevent any type of censorship.
How FLETA is Solving the Current Drawbacks
Clearly, DApps are tremendous and can be used in a variety of sectors, so why are we not seeing more? Is it only because it’s a new technology or is something else stopping the development of DApps?
While it’s true that on paper, DApps are great for almost anything, however, in practice, they encounter a few key issues that need to be solved for big businesses to start making use of DApps. The biggest problem with DApps and the blockchain technology, in general, is the lack of scalability.
If you want to create a DApp that can be used by millions of people at once, you need to be able to scale up and provide them with the necessary speed, especially transaction processing speed. However, many projects face difficulty in solving these issues.
FLETA knows these two issues are incredibly detrimental to the development of DApps and decided to solve them once and for all. The FLETA platform provides DApps with basically infinite scalability thanks to its multi-chain structure and sharding model. Each DApp created on the FLETA platform operates independently, which means it doesn’t rely on other DApps, and it’s not affected by the creation of more DApps on the platform.
FLETA also solves the speed problem by using a new geolocational balanced peer selection algorithm, which allows the platform to provide DApps with an extremely fast transaction speed of up to 20,000 Transactions per Second. FLETA has actually tested its transaction speed in laboratory conditions, and it managed to reach 14,000 Tps, which confirms FLETA’s ability to reach massive transaction speed.
FLETA Plays a Huge Role in the Development of DApps
As mentioned above, the biggest problem DApps encounter is the lack of scalability and transaction speed. These two problems force developers to focus on trying to achieve higher scalability and transaction speed instead of developing the DApp.
FLETA counts with many technological innovations like a new consensus algorithm called the PoF (Proof of Formulation), which enables the ability to confirm blocks instantly and incentivizes users to generate blocks. The FLETA platform has a very cheap execution fee, and developers have the ability to customize their DApp with different consensus algorithms like PoS and can set their own compensation plans.
Additionally, FLETA provides users with a gateway system that allows multi-cryptocurrency payments. It is entirely decentralized because it uses smart contracts to operate. Projects on the FLETA platform can transit between different blockchain networks easily. For instance, a project built on the FLETA platform can stay in its mainnet while making use of its original ERC-20 token.
Because FLETA provides developers with all the essential and required features of a DApp, they can entirely focus on the mechanism behind the DApp. FLETA allows developers to entirely focus on the development of the DApp itself without having to worry about scalability, stability, or any other issues not directly related to the DApp.
Since FLETA has worked hard to provide a perfect environment for developers, we wish FLETA chain to be a critical factor in the development and adoption of DApps shortly.
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