FLETA is a project focused on a broader range of technological innovations and applications than simply creating another new block-chain platform. FLETA's block-chain network is designed to realize the evolution and true decentralization of the block chain ecosystem by improving the independence and scalability of DApp.
FLETA also aims to be a flexible mainnet that is easily compatible with previously designed platforms. We have been able to run DApp chains of the desired structure in the platter chain, and have enabled us to use the desired platform in the desired area, dramatically expanding the autonomy of DApp and users.
FLETA's new technologies and platforms will lead to the commercialization of various DAPPs throughout the industrial area and the development of a block-chain ecosystem.
W Green Pay
We Share Infographics of FL...
We would like to share the official infographic images of FLETA!Our brief information is in the images so that more and more people can notice FLETA more VISUALLY.You can share and download them freely:)TEAM FLETA**Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaioWe Share Infographics of FLETA! was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 11. 15
[Disclosure No. 2019–11–11–...
[Disclosure No. 2019–11–11–0003] FLETA Listing on Bittrex Global was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 11. 11
[Disclosure No. 2019–11–11–...
[Disclosure No. 2019–11–11–0002] FLETA Official Mainnet Launch was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 11. 11
[Disclosure No. 2019–11–11–...
[Disclosure No. 2019–11–11–0001] FLETA Now Uses Public Disclosure System was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 11. 11
FLETA’s eCRF System Present...
Last May, SendSquare, a foundation of FLETA, was selected as a conductor of blockchain PoC project that is supported by the National IT Industry Promotion Agency of South Korean Government, aka NIPA. The project is blockchainizing eCRF system using FLETA’s technology.SendSquare’s eCRF system is a blockchain-based clinical trial data collection tool that aims to prevent forgery, omission, and errors of clinical trial data by recording them on blockchain. Through such a process, the reliability of clinical trial data can be enforced. Led by SendSquare, the project is in progress with the cooperation of Hanyang University and the Catholic University of Korea Seoul ST. Mary’s Hospital.A testbed was conducted on actual patients of Seoul St. Mary’s Hospital to develop the eCRF system; through it, an accurate data management system based on real data could be made. A typical feature of blockchain technology is that when information is recorded, it cannot be modified or deleted arbitrarily, thereby preventing record manipulation. Thus, the blockchain-based eCRF system makes it easier to manage clinical trial data and prevent medical accidents or information manipulation in advance, enabling safer medical life and more efficient health care. Based on the eCRF system, SendSquare aims to preoccupy global clinical data management market shortly.Paul Park, CEO of FLETA is giving a presentationOn Oct. 31, FLETA participated in an interim check of blockchain PoC project of NIPA, and FLETA’s CEO Paul Park gave a presentation about the current status of eCRF development process, which was part of the interim check procedure. Paul received feedbacks and questions from many experts in the diverse fields, including university professors and government officials. It was great opportunity to see the interests of attendants towards FLETA’s blockchain technology and clinical trial data management using blockchain technology. The project ends at the end of November, and its result will be revealed in December.After his presentation during the interim check, CEO Park said, “FLETA aims to improve the quality of lives by applying blockchain technology to the healthcare area and helping people use it in their everyday lives,” he also added, “blockchain is a technology with lots of applications, and it will be used as elementary technology in more various fields.”FLETA’s eCRF System Presentation Sponsored by S. Korean Government was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 11. 06
E-Sports, Blockchain, And D...
E-Sports, Blockchain, And DApps — Part. 2In part 1. of the article, we introduced the growth of e-sports and the DApp market and their potentials. In this article, part 2, we will explain how some blockchain platforms deals with these industries and what do they need to operate blockchain game DApps.EthereumEhtereum is a well-known blockchain platform with famous blockchain games such as CryptoKitties. While Ethereum created the forefront of blockchain technology games through CryptoKitties, it also showed that scalability was a factor against the growth boom of decentralized applications in general, and especially video games. CryptoKitties once was very popular, so it generated a large number of transactions. However, Ethereum’s blockchain was not ready enough to take this load. Because of the increasing demand for the kitties, the number of unconfirmed transaction on the blockchain increased exponentially, and because of the overloaded chain, users experienced inconvenience. Moreover, the gas price they pay was skyrocketed.Ethereum measurability issues have been struggling for gaming technology, especially for video games.EOSThere’s an endless war fought for the attention of blockchain developers. Projects like Ethereum and EOS all push their different visions of the tech, often with attempts to define success by how many DApps each network supports, and how big their user bases are.Well, over the past few months, cryptocurrency gamblers have left Ethereum’s gambling DApps en masse, with data showing they’re now betting on casino DApps hosted by rival blockchains and EOS Network hack news.Besides, serious questions have arisen regarding the security of the EOS network with the incident.A million-dollar EOS gambling DApp suffered a major blow, just days after declaring itself to be the safest of its kind. Hackers have taken 40,000 EOS ($200,000) from the operating wallet of EOSBet by exploiting vulnerabilities in its smart contracts.So what is the best platform for DApps? Although there are thousands of DApps on the Ethereum network, there are severe doubts that the Ethereum network is sustainable.Therefore, it can also be said that security is another feature that is needed to operate blockchain game DApps.FLETA — A New Decentralized Blockchain World For DAppsFLETA’s primary mission is to create a platform that allows the development of DApps most simply and optimally. FLETA’s use of innovative advanced technology will bring the platform enhanced efficiency as well as independence for DApp developers. Additionally, FLETA can provide infinite scalability while increasing transaction speed and lowering development costs. DApps on the FLETA’s network are independent and benefit from much freedom.FLETA’s DApps will have the ability to issue their own tokens on an independent token chain, also called a sub-chain. The developers have full control over their DApps as well as the tokens created and can easily customize the mining rewards, the consensus protocol, and others without the need for a fork or any kind of update that would disrupt the network.Scalability is undoubtedly one of the most important features when it comes to a DApp. Many systems have been invented to deal with the scalability issues, FLETA uses a system where each DApp subchain operates its own chain, it’s independent of the mainchain and can scale infinitely. Each one of these independent chains has its Formulators and Observer nodes.In the case of FLETA, it utilizes its advanced technologies to solve the problem; multi-chain structure, parallel sharding, block redesign, and LEVEL Tree Validation are FLETA’s technologies that can be solutions of scalability issue. Those technologies help an unlimited number of DApps be operated on FLETA chain with a fast speed maximum of 14, 000 TPS. This high speed is FLETA’s merit when operating blockchain game DApps on its chain.With its advanced technology, FLETA also claims to release a new casino and puzzle game soon. FLETA regards the blockchain game market has great potential and focuses on showing our presence on the scene.E-Sports, Blockchain, And DApps — Part. 2 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 11. 01
E-Sports, Blockchain, And D...
E-Sports, Blockchain, And DApps — Part. 1Although the older generation is against it and cannot accept it, e-sport is growing with a swift acceleration. People are still debating whether e-sports is a sport. But e-sport has already shown that it has the potential to outdo even sports.South Korea is well known for its e-sports game marketBecause now we live in the age of technology, many elements in our lives have been digitized, even money. In this highly developed world, sports may not be expected to be digitized. But e-sports has its own history; the first digital game goes back 50 years, and millions of people all over the world are playing these games. Many countries, corporations, and sports teams are investing in e-sports; e-sports players work out all day long in the sports facilities created for them. Not only the players, but the chef, content producer, manager, club owner, thousands of people work in the team. It is no different from actual sports teams we imagine, like soccer teams and baseball teams.In the table below, the point where e-sports are coming, and the future may look much betterSource: NewzooIt is foreseen that in 5 years from 2015 to 2020, e-sports revenues will increase by ten times, and the number of audiences will increase by three times.Moreover, in the table below, we have much more robust data: The prize for the World Cup of Fortnite, the e-sports game, has more prize pools than other prestigious sports competitions such as Wimbledon and Tour de France. These figures show how popular e-sports are and will be much more impressive in the future and these prize rates and the number of games will increase exponentially. Therefore, the world’s leading sports teams will continue to invest in e-sport. While digital games are scorching the world, the e-sports market will expand continuously and become unstoppable.Source: statistaIt is an inevitable end for everyone to destroy the traditional methods behind digital money in their digital games. So today, investing in e-sports and digital money would be a brilliant investment.Blockchain And DAppsThe combination of Blockchain technology and games can give impressive results. This is because the blockchain has a remarkable impact on the emergence and maintenance of DApps. The ability of blockchain to show cloud service is used in DApp architecture, and it makes blockchain much more special for DApps. That’s why blockchain and DApps are in a close relationship.Particularly, thanks to the ability to store game data in the blockchain, the presence of smart contracts, and the science of cryptography, online games are perfectly matched to the blockchain ecosystem.Therefore, blockchain games can be popular and will gain more and more attention; when a mega-hit blockchain game is made, it can form its own league and sports team like many other digital games.Likewise, blockchain technology has great features and more and more DApps are emerging. Here are a few statistics about DApps:Especially in the Ethereum network, there are close to three thousand DApps, daily users, and transactions, and DApps are continually increasing.These DApps can be in Finance, Wallet, Gaming, Gambling, Social Media, Security, Exchange, and many more. It is easy to use, and its data can be stored in the blockchain. Because of these merits, people’s interest in DApps is increasing day by day.Here is a graph of the increase in DApps since April:In the next article, we will keep discussing some of the blockchain platforms and their DApps. Let’s find out how blockchain platforms, including FLETA, are dealing with this situation.E-Sports, Blockchain, And DApps — Part. 1 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 10. 30
Announcement of FLETA Formu...
1. Notice for unpaid maintenance fees- Please keep in mind that the UNPAID Formulators will STOP mining temporarily without unstaking or getting block reward.2. The date of payment- If you paid Formulator server maintenance fees on 23rd Oct., the NEXT payment due date is 23rd Nov.Please try to pay on time so that you don’t miss a single day of getting block rewards.3. Creating New Formulator- You can create a new Formulator at any time staking 200,000 FLETA. Please be aware that you need to pay the server maintenance fee FIRST for your Formulator to start mining. 4. Guidelines link- If you are not familiar with the payment process, please follow the direction through the guidelines on the link below. [https://medium.com/fleta-first-chain/instructions-for-fleta-formulator-payment-4da37407b4c5]If you have further questions regarding the FLETA Formulator payment process, please let us know! :)Thank you.**Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaio🌟Announcement of FLETA Formulator Payment Policy🌟 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 10. 29
Instructions for FLETA Form...
🌟Announcement of FLETA Formulator Payment Process🌟Please be aware that the standard of time is based on GMT+9.Start Date: Oct. 23rd. 2019 at 00 AM KST. (GMT +9)The First day of paying FLETA Formulator server fee: Oct. 23rd. 2019 at 00 AM (GMT+9) — Oct. 24th 00 AM (24hours)Those who created Formulator after Oct. 23rd, have to pay maintenance fees FIRST to activate your FormulatorNotice for unpaid maintenance feesPlease keep in mind that the UNPAID of Formulator will STOP mining temporarily without unstaking or getting a block reward.Please follow the guidelines belowIf you have further questions regarding FLETA Formulator payment process, please let us know :)Thank you.Instructions for FLETA Formulator Payment was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 10. 22
FLETA in DELTA Summit ④ — H...
FLETA in DELTA Summit ④ — How was FLETA? part. 2DELTA Summit has worked as major blockchain event of Malta that is a hub for companies that are eager to communicate and cooperate with others working in the field as well as individuals who have an interest in the technology and its opportunities.According to the official site of DELTA Summit, the 2019 version of DELTA Summit aimed to create an even greater global debate on the subject and to further expose the efforts of the Maltese government in establishing Malta as ‘blockchain island’. Especially in this DELTA Summit, ‘Playcon’, Malta’s first Game Development and Esports Expo, was included.Malta has a clear goal in the field, becoming a central hub in the Mediterranean and in Europe for video game development and esports. Currently, the video game industry has become larger than the film and music industry combined.DELTA Summit 2019 was held in MFCC(Malta Fairs & Conventions Centre), Malta’s largest international conference and exhibition venue.On the early morning of 3rd October, Team FLETA woke up early and prepared for booth operation; after having some time preparing for the event, we headed to MFCC. There, we operated FLETA booth from 9 am to 6 pm. We were very excited since, in DELTA Summit 2019, many companies including OKEX, MDIA, and MGA participated in the event and it was a great opportunity to communicate with them.Team FLETA talking with a member of MGA, Malta Gaming AuthorityThe next day was the last day of DELTA Summit; it was started with a concert playing beautiful music and Team FLETA continued to operate its booth until 6 p.m.During the two days of booth operation, many people showed their huge interest in FLETA. Not only people in the blockchain area but also students, developers and people of many other fields visited FLETA’s booth and asked many questions about FLETA project. Also, James Song, Head of Marketing Strategy at FLETA had an interview with one of the visitors, Mr. Bob Hopium.People visited FLETA’s booth and listened carefully about FLETA project.Stickers, phone finger grip, and leaflet designed by FLETA’s design team. People liked them a lot at DELTA Summit!Especially, FLETA’s use cases aroused a lot of attention. One of them is FLETA’s ePRO system, medical data management system, through which users can keep exact medical report so that cannot be re-written or adjusted by others. With the accurate data on ePRO system, medical accidents can be prevented and it will be more efficient to deal with medico-legal issues. In turn, the unnecessary cost of health care can be reduced and people’s health will be enhanced. The use case is supported by the National IT Industry Promotion Agency of the South Korea government.Moreover, In DELTA Summit 2019, many people who are interested in games participated and intrigued by FLETA’s blockchain games.Ethan Chae, CEO of Heart NumberFLETA also operated booth with Ethan Chae, CEO of Heart Number, FLETA’s partner company. Heart Number is a trading platform that provides distributed prediction information using artificial intelligence (AI) and offers automatic ordering for users of its application.According to the contract between FLETA and Heart Number, FLETA provides its technology to Heart Number so that it can complete its own mainnet, wallet and mining ecosystem; Heart Number will also adopt PoF consensus algorithm developed by FLETA.You can read an article about the partnership here.Especially on the first day of DELTA Summit, James showed FLETA’s presence at DELTA Summit. At 12:30, he gave a presentation about FLETA’s use cases on the thunder stage of the event. He explained FLETA project and its use cases to the audience.After the presentation, we had a small event! We let the audience play FLETA’s casino game, FLETA slots and gave winners traditional Korean snacks we brought from Korea. Many people enjoyed FLETA’s casino game.Traditional Korean snacks Team FLETA had prepared.Moreover, at 17:00, James participated in a panel session. On behalf of FLETA, he shared his opinion about the topic, <Systems of trade and stores of value. What is the future of value generation?>. It was a great experience that FLETA can show its presence on the field on behalf of Asian mainnet projects.James on the stage with other panelsWe enjoyed the beautiful scenery and weather in Malta for a week. However more than that, we could also realize the bright future and potential of the blockchain industry in the ‘blockchain island’. We hope Malta to be a bridge that links the blockchain industry of Asia and Europe and Team FLETA wants to visit Malta again for more blockchain events!***Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaioFLETA in DELTA Summit ④ — How was FLETA? part. 2 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 10. 21
15 Oct 2019: Important Anno...
🌟NEW FLETA Formulator Policy🌟Please be aware that the standard of time is based on KST.Start Date: Oct. 22nd. 2019 at 00AM KST (GMT +9)2. Formulator Server Maintenance Fee (Monthly): Before → After1) Alpha Formulator: 120 USD → 45 USD2) Sigma Formulator: 350 USD → 130 USD3) Omega Formulator: 500 USD → 170 USD3. Change of currencies available for paying server maintenance fees- Before: BTC- After: BTC, FLETA4. Payment Method- Through FLETA Wallet (Both App/Web available)※We will post more details before the payment deadline※5. How your maintenance fee is estimated?- It is based on Coinmarketcap. (https://coinmarketcap.com/)※We will post more details before the payment deadline※6. Payment Date- Those who created Formulator before Oct. 22nd, have to pay maintenance fees every month on 22nd 00 AM KST in 24hours- Those who created Formulator after Oct. 22nd, have to pay maintenance fees FIRST and you should pay the maintenance fee every month on that date.Ex) If you created Formulator on Oct. 31st, then the next payment date is Nov.30th. If you created Formulator on Feb. 28th, then the next payment date is Apr.28th.7. Notice for unpaid maintenance fees- Please keep in mind that the UNPAID of Formulator will STOP mining temporarily without unstaking or getting a block reward.**Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaio15 Oct 2019: Important Announcements about *NEW Formulator Policy* was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 10. 17
FLETA in DELTA Summit ③ — H...
FLETA in DELTA Summit ③ — How was FLETA in Malta? part. 1Malta is a splendid island with beautiful scenery and beach. Team FLETA arrived in Malta on 29th September and soon realized how wonderful Malta is.After having a good night sleep, TEAM FLETA participated in many events to understand global trend of blockchain industry and show FLETA’s presence before DELTA Summit.On the next day, 30th September, we went to ‘The Villa’ near Balluta Bay where the Pre-Summit Networking Event hosted by DELTA Summit and OKEX was held. The night was full of passion and many figures of the blockchain industry, such as Dr. Abdalla Kablan, Executive Chairman of DELTA Summit, participated and enjoyed the event. Especially, James Song, Head of Global Strategy at FLETA, had an interview with the media. He showed his opinion about joining DELTA Summit in Malta.FLETA’s Head of Global Strategy, James Song, is having an interview sharing his opinion about joining DELTA Summit in Malta at Pre-Summit Networking EventOn the next day, 1st October, Team FLETA visited to Chiliz Blockchain Campus. Many blockchain companies like OKEX moved to ‘Blockchain Island’ Malta and Chiliz Blockchain Campus is one of the places that offers a space for them.Chiliz Blockchain Campus in MaltaDELTA Summit and The Chiliz Blockchain Campus teamed up for the Blockchain Business Breakfast event held in Chiliz Blockchain Campus in collaboration with OKCoin and OKEX.The event included a networking event with a breakfast of a diverse menu. After having breakfast and small talk, speeches of blockchain industry figures such as Dr. Abdalla Kablan followed. Also, Jim Nguyen, VP of Marketing at OKCoin gave a presentation about OKcoin project. Lastly, there was a panel discussion about the blockchain industry’s future which aroused the audience’s full attention. We could see the enthusiasm of the industry and the passion of the people toward blockchain technology. Many people believed in the potential of blockchain and its future and so we did.Dr. Abdalla Kablan, Executive Chairman of DELTA Summit, having a speech at Chiliz Blockchain CampusOn 2nd October, Team FLETA went to MFCC — Malta Fairs & Conventions Centre to see our booth in DELTA Summit. We checked how much the booth was completed with members of DELTA Summit so that we can operate the booth for the next two days smoothly. We set the plans for the next two days that can show FLETA’s distinctive features to the participants. In this process, DELTA Summit supported us as much as they can. We could see that DELTA Summit put a lot of effort into the success of the event.FLETA’s booth at DLETA SummitAfter that, TEAM FLETA went to DELTA Summit Pre-Registration Drinks and enjoyed the party with free drinks. It was a venue for the participants to warm up for the event and communicate each other.DELTA Summit Pre-Registration DrinksTEAM FLETA was ready for the booth operation for 2 days!Please wait for our next article to see what FLETA did during DELTA Summit event!FLETA in DELTA Summit ③ — How was FLETA in Malta? part. 1 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 10. 16
FLETA in DELTA Summit ② — A...
FLETA in DELTA Summit ② — About DELTA SummitAs we explained in the last article, the Maltese government is putting a lot of effort to develop blockchain industry so that Malta can be known as ‘Blockchain Island’. One of the methods of Malta making itself as a ‘blockchain island’ is blockchain events; DELTA Summit is one of them and it is a blockchain conference of the Maltese government that makes its nation specialized in the area. Therefore, it was able to see the passion and enthusiasm of Maltese people toward the blockchain industry in DELTA Summit event.Then, what exactly is DELTA Summit?DELTA Summit is a world-class digital innovation conference that provides a place to the global IT companies for promoting their visions and technologies and discussing business and technical cooperation. The first DELTA Summit was held in 2018 with success bringing more than 4,000 people across the world including Binance CEO Changpeng Zhao (a.k.a ‘CZ’), DFJ founder Tim Draper, Wikipedia co-founder Larry Sanger, Bittrex CSO Kiran Raj, and Tim Byun, OKEX Chief Risk Officer and Head of Government Relations. The summit has served as a platform for entrepreneurs and industry leaders of blockchain and new technology, policymakers and investors to network, learn and exchange insights and business opportunities among participants.The DELTA Summit 2019 was held from 2nd to 4th October for three days in Malta. In this year, DELTA Summit especially expanded its related fields to many other technologies of the 4th Industrial Revolution such as AR・VR, IoT, and AI. A number of experts and entrepreneurs of various new technology fields including AR・VR, IoT, and AI, not to mention of blockchain industry have participated.Moreover in DELTA Summit 2019, in cooperation with one of the leading cryptocurrency exchange OKEX, ‘Malta Tech Week’ was also held from 30th September to 4th October. Malta Tech Week consisted of diverse events but also new technology discussions, leadership sessions, award ceremonies, a hackathon, and various networking events.In the last year’s DELTA Summit, FLETA was just an attendee. However, as time has passed, FLETA showed its presence in the industry; in another blockchain conference of Malta, Malta Blockchain Summit, FLETA had participated as an Official Partner in Asia. In DELTA Summit 2019, FLETA became an Official Strategic Partner in Asia of DELTA Summit. FLETA joined this year’s DELTA Summit with the special invitation from Dr. Abdalla Kablan, founder and Executive Chairman of DELTA Summit.Dr. Abdalla Kablan, founder and Executive Chairman of DELTA SummitParticipating in DELTA Summit was a great experience and we want to share our experience in the next article.FLETA in DELTA Summit ② — About DELTA Summit was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 10. 11
What’s in Malta?
FLETA in DELTA Summit ① - What’s in Malta?Malta is a Southern European island country in the Mediterranean Sea and the tenth smallest country in the world. Malta is known for its beautiful scenery and nature. Many films and TV series including Game of Thrones were filmed in Malta.One of the scenes from Games of Thrones filmed in MaltaHowever, Malta is now more than that. Currently, Malta is also known as ‘Blockchain Island’ since it is focusing on the blockchain industry which makes it different from many other countries.While major economies were reluctant in regulating blockchain and cryptocurrencies, Malta adopted a remarkably progressive stance towards cryptocurrencies and blockchain technologies by introducing legislation to bring virtual assets and DLTs into the regulatory fold. In turn, it became the first country in the world with clearly established regulatory frameworks for DLTs, ICOs, and virtual currencies.Malta’s innovative approach has made it appealing for fintech companies as well. For example, Binance, the world’s largest cryptocurrency exchange, recently moved its headquarters from Hong Kong to Malta.Malta has also attracted plenty of international talent working in sectors such as iGaming and financial services, which can now be utilized for the growing blockchain industry. The new framework initially captures DLT platforms and smart contracts, but the Maltese government is already working on extending its reach to other types of innovative technologies, such as Artificial Intelligence (AI) and Internet of Things (IoT) technologies, paving the way for the next fintech revolution.Through these innovations, Malta’s vision is to create a thriving blockchain economy and its ambition is that the sector will account for 10% of GDP by 2027. FLETA also believes in Malta’s potential and has attended Malta’s blockchain events as well. In this year, FLETA has been to Malta again to show its presence in the blockchain industry. In the next article, we will show what happened in DELTA Summit 2019!***Original Source:FinanceMalta, https://iconfinancemalta.blob.core.windows.net/libx-128-public/Tags/General/Malta%20Destination%20Blockchain%20Island.pdfhttps://money.cnn.com/2018/07/18/technology/startups/malta-blockchain/index.htmlWhat’s in Malta? was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 10. 11
FLETA — Blockchain Ecosyste...
FLETA — Blockchain Ecosystem for DAppsFLETA is a platform that uses the Blockchain technology to provide DApp developers with all the necessary technology and support to build their projects in the FLETA ecosystem. FLETA wants to act like a service platform for DApps increasing the speed of transactions and minimizing the development cost.A new Consensus ModelMost cryptocurrencies make use of two main consensus models, the PoW (Proof of Work) and the PoS (Proof of Stake). PoW is only popular because it was the first model, invented by the creator of Bitcoin. PoW is not energy efficient and most modern projects avoid using it. PoS was created to solve some of the issues the PoW model faced, however, the PoS model isn’t perfect either.FLETA has developed a brand new consensus model called PoF (Proof of Formulation) which intends to prevent unnecessary forks and create a faster block generation and dissemination. The PoF consists of a:-Formulator Group: which are all the nodes that generate blocks and and maintain them as well as all the groups of mining nodes that participated in the block generation)-Synchronization Group: spreads the latest block faster between Formulators.-Observer Nodes: performs the confirmation.The PoF uses a rank system, the highest ranked node is given the role of block generator and 2nd to 5th ranks are given the role of the Synchronization Group.The block generator, the highest ranked node, will generate the blocks and send to the next observer node which will proceed with the confirmation. Then the Synchronization Group comes into play by connecting the generated block to the chain and spreading the latest block faster between the Formulators.The 1st node who has generated a block will be out of the group and the 2nd ranked node will become the rank 1. Likewise, all nodes have equal chance of mining.If an user wants to be part of the Formulator Group, he will need to hold a particular amount of tokens and they will be rewarded by FLETA as well as DApp developers.A New Block Fork Prevention SystemWith the addition of the Observer nodes, FLETA is able to stop attackers from trying to create fork blocks which would allow them to create double payments. A Formulator can only create and sign one block at once, if the Formulator tries to make two or more blocks to fork the blockchain, it will be stopped by the observer nodes which are verifying the process in real-time. A Fork can be easily detected since signatures of 3 out of 5 nodes are required; when two or more blocks of the same height go through the observer node, the node will detect the collision in the signature and put a stop to the Fork.Other security measures are used in case the observer nodes are compromised, a ‘Panic Protocol’ is used to put a stop to the chain. Similarly, if the Formulator Group is the one compromised a ‘Ban Protocol’ is used instead.Multichain and ScalabilityScalability is certainly one of the most important features when it comes to a DApp. A lot of systems have been invented to deal with the scalability issues, FLETA uses a system where each DApp subchain operates its own chain, it’s independent of the mainchain and can scale infinitely. Each one of these independent chains have their own Formulators and Observer nodes.DApp developers can pay the execution fees with their own token and can operate directly, however, they also have to option to trust FLETA to operate for them. The mainchain doesn’t need to be operative in order for a subchain to work since each subchain consists of their own Formulator and seed and observer nodes are operating outside in an accessible server with a Public IP.New Sharding ModelCryptocurrencies use sharding to break up a large database in smaller parts. This improves the performance and speed. Normally, each node has to calculate and process every single operation and transaction. For instance ETH has a 20 Tx/s speed and Litecoin around 56 Tx/s. They are, however, not even close to VISA which has a 24,000 Tx/s speed. Clearly cryptocurrencies need a much faster transaction speed if they ever intend to become, well, currencies.FLETA makes it that each shard operates independently and has their own chains. Shards are not influenced by each other which means the processing speed is greatly increased. In essence each shard is almost like a blockchain allowing multiple parallel transactions processing at the same time.FLETA — Blockchain Ecosystem for DApps was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 09. 24
What Is Blockchain and What...
The ‘Blockchain’ is a peer-to-peer network that has a public record of transactions and it’s not controlled by any centralized authority, meaning that it’s totally decentralized. Many people think ‘Satoshi Nakamoto’, the inventor of Bitcoin created the blockchain but something similar existed already.The ‘blockchain’ isn’t even mentioned in the Bitcoin whitepaper and it’s entirely based on cryptography. It was in 1991, when Stuart Haber and W. Scott Stornetta tried to timestamp documents using cryptography that the Blockchain was invented. They did run into a few problems that were later solved by Satoshi using a PoW system, we will talk about that later on.How it worksThe blockchain works really well because it keeps a public record of all transactions, imagine it like giving the same document to 10,000 people. Whenever someone makes a transaction, he has to broadcast it to everyone else, if he tries to send more than what he currently owns, the other users will know by comparing it to their documents. A transaction will only go through if the majority of users agree. This makes it almost immune to attacks because in order to take control of the network, an attacker would need to control at least 51% of the entire network of users, something that is clearly very hard, close to impossible.HashingYou might be wondering how does the blockchain network make sure that the documents sent are not being modified. The solution to this problem is called ‘Hashing’ which is the process that takes an input value and then creates an output value that is always the same size, hash functions are also irreversible. For example, let’s say we are using a hashing function called, ex1. If we hash the word, ‘hello’ using the hashing function ex1, it would look like this:ex1(‘hello’) = 5eb415eebcd31eb456514bebeb331eebThe hashed text is marked with blue and has 32 characters exactly. Let’s now hash the word ‘hello 1’.ex1(‘hello 1’) = 315bebb331d4bebecc3967eee7c697ebYou can probably notice that although, the word hello and hello 1 are really similar, the output hash value is extremely different and that’s the beauty of hash functions.Why are hashes irreversible?Hashes are irreversible, meaning that you cannot determine the input value from the hash alone, it’s a one-way process. Hash functions use something called the ‘modulo operator’. A quick example of a modulo operator would be:21 mod 5 = 1What we are doing here is dividing 21 by 5 but the result is whatever it’s left of the operation: 21/5 = 4 because 4 x 5 = 20 and then 21–20 = 1. Another example:31 mod 6 = 1As you can see, the result is actually the same, because 31/6 would be 30 + 1. This is the beauty of these operations, you can get the same result using an infinite amount of input values, there is no way to determine what the input value was based only on the outpùt value, that’s why hashes are irreversible.Proof of WorkThis concept was introduced before Bitcoin was created, however, Satoshi was the first to actually apply this system to a digital currency revolutionizing the industry. PoW is what allows the currency to be trustless. You don’t need to trust a third party because everyone has a copy of the ledger, also called the blockchain. Anyone can verify if the transaction is accurate by looking at the public blockchain. Users, also called miners, need to perform very complex calculations in order to create a group of transactions (a block).Transactions are sent together into a block and ‘miners’ verify each transaction, once they solve the mathematical ‘puzzle’ a reward is given to the miner who solved it and the transactions are then stored on the public blockchain. But how do miners announce the solution to the public without actually revealing it? They hash it, for example, let’s say that everyone knows the answer when hashed is 5eb415eebcd31eb456514bebeb331eeb but no one knows yet what the real answer is. Mark for example can check whether he found the right answer by hashing it and comparing it to the hashed answer.Applications for the Blockchain TechnologyMost people know about the Blockchain because of Bitcoin and other cryptocurrencies, however, the uses for the blockchain go beyond currency. The decentralized nature of the blockchain has many real world applications.Supply Chain TrackingUsing the blockchain technology, companies can easily track all the details of a shipment like location, time and even the temperature. The difference between using the blockchain and traditional methods of tracking is the immutable nature of the blockchain, it’s almost impossible to tamper with the details once they are recorded on the blockchain, something that cannot be said about traditional methods.Smart ContractsSmart contracts are in a way like normal contracts, however, they don’t need a central authority or third party to work. Smart contracts only depend on the initial requirements both parties agree on, the smart contract will then automatically send the payment only when the requirements are met.Digital ID’sIdentity theft is quite common and very difficult to solve using the traditional methods. The blockchain technology can solve this issue because of its decentralized nature and immutability. Once your ID is created and sent to the blockchain, it will stay there forever. Furthermore other users can easily verify it if needed.DAppsDecentralized application, also known as DApp is one of the well-known blockchain usecases. It is a compluter application runs on blockchain system. DApps are the great examples of applying blockchain into real-world business. There are diverse kinds of DApps, which varies from games to social network.CONCLUSIONThe blockchain technology is clearly trying to revolutionize the world, it is still fairly new technology and we don’t fully know the full extent of the applications it can create. Big businesses and companies have noticed this and they are investing a lot of money into the technology. Facebook in fact is trying to come up with a cryptocurrency of their own. Financial sectors also seem to be really interested and they are also not only investing but coming up with their own applications for the technology.A future without centralized authorities might be close.What Is Blockchain and What Is It For? was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 09. 20
Let’s Find out About Blockc...
This article is part 2 of the whole series. You can read the first part, Let’s Find out About Blockchain Games!-Part 1, on FLETA medium.Games with Blockchain part.2PART II. Platforms that promise to solve the obstacle between Blockchain and Gaming.Undoubtedly, the main obstacle facing the intersection of blockchain technology with the gaming industry is scalability. Solving this blockchain dilemma is essential for all platforms that wish to gain traction within gaming, which manages to sustain the usefulness of current blockchain-based games.In the case of FLETA, it utilizes its advanced technologies to solve the problem; Multi-chain structure, parallel sharding, block redesign and LEVEL Tree Validation are FLETA’s technologies that can be solutions of scalability issue; they help unlimited number of DApps operate on FLETA chain with fast speed of 20,000 TPS.Platforms and their gamesCentralized games and game platforms have clear advantages over blockchain-based games at this time. However, interesting hybrid solutions like Gods Unchained based on Ethereum can provide some ideas on how centralized and decentralized models can be combined.In that sense FLETA is also developing new blockchain games; one of the examples is Casino Game which reproduces real features of casinos in Las Vegas. Also, FLETA is developing a strategy puzzle game based on blockchain technology. Other games are on the designing stage with its partner companies.Through developing blockchain games, FLETA aims to be the bridge that connects the traditional gaming industry and onboard general gamers without the need for knowledge or experience with blockchain. For this, a game developer Parker Park joined FLETA who is famous for his games like Donquixote Online and Nekopocha.While interesting and successful proposals that begin to make a lot of noise like MANA Blockchain DECENTRALAND are giving a talk, the scalability problem of some of these platforms will ultimately determine which interactive game models will be created fully decentralized or hybridized with assets fungible.Harmony recently launched a proposal for its Pangea game, to test the scalability of its platform for game development through decentralized applications. Pangea for now, according to company sources has had a resounding success during the ongoing phase of subscription to run decentralized nodes that support the development of the game.Another platform that is at the forefront of the integration of games through the seal of decentralized applications is Celer Network with its beta-phase app that allows interacting with non-expendable tokes of the platform and Ethers to play through smartphones.Enjin with its ERC-1155 token is the largest gaming project in Ethereum in terms of market capitalization, with a current valuation exceeding US $ 80 million. However, the games that make up the Enjin ecosystem are cryptocurrency games, not blockchain games.While Ethereum created the forefront of blockchain technology games through CryptoKitties, it also showed that scalability was a factor against the growth boom of decentralized applications in general, and especially video games.Another important factor that placed in evidence and that many platforms abuse for their benefit, is the cost of fees or GAS in the case of Ethereum or layer 2 solutions such as Matic Network that run on the blockchain proposed by Vitalik Buterin. In this sense, EOS offers free hosting, with the consequence of many spammers in its marketDapps.For now, with the arrival of third-generation blockchain platforms, the solution to these limitations seems to be practically resolved and successful cases such as those of FLETA that have high scalability and low fees with payment gateways to host Dapps with native currencies of other platforms offer a window to skip these limitations; or for example Loom Network, an Ethereum-based blockchain game incubator that has created Relentless, the most popular decentralized application on the network, with more transactions than any blockchain game except for EOS games.Gods Unchained generated on a hybrid with Ethereum is, for now, the most explicit example that the gaming industry has a new ally to exploit its potential in the coming years, not counting the new proposals underway by the competition.The market for decentralized applications, web 3.0 browsers that allow navigation through the thousands of titles that host Tron, EOS and Ethereum in a simpler and more interactive way, an only open mouth for what we will be witnessed in the coming months.Likewise, the race to dominate the gaming space with blockchain technology currently has tough competitors struggling to gain the attention of both the experienced developer and professional players who take full advantage of the technological benefits of the blockchain. In this current situation, FLETA is trying hard to show its presence on the scene.**Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaioLet’s Find out About Blockchain Games! -Part 2 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 09. 16
Let’s Find out About Blockc...
Let’s Find out About Blockchain Games! — Part 1Games with Blockchain — part.1The first video games, such as the classic Computer Space or Pong, were created between 1971 and 1972 (almost 50 years ago). At that time, the production volume was incredibly low, and there was often a single person responsible for the complete development of the game: from the idea to the graphic design, programming, and the final product vision. Even then, video games were already considered a hit, being subsequently the technological development and access to leisure devices (computers, game consoles, smartphones or tablets) the match that lit the fuse of this explosive leisure instrument that has ended up dominating the world whole.Today, millions of people actively collaborate in the production of renowned titles, just as video games have become part of modern culture, to the point that many books and films are based on them (Warcraft, Assassins Creed).During the evolution of the industry, new game modes consisting of PvP (Player Vs. Player) have been emerging in online and live formats. From the popularity gained by games like Starcraft, Counter Strike or League of Legends, eSports (sports video games) has emerged, a form of competition whose streaming broadcast can congregate multimillion dollar audience levels on the screens, with prizes that can reach millions of dollars.Overview Games Market.Why is this industry as interesting as an investment alternative?To answer this question, just look at some interesting figures released by the people of Newzoo regarding their annual report on growth prospects in this sector. In its recent publication of this year, it highlights the fact of the promising numbers that this projected industry has for the coming years, which makes it undoubtedly a desirable segment for any blockchain platform that wishes to capture these opportunities.According to the 2019 game market report, There are now more than 2.5 billion gamers across the world. Combined, they will spend $ 152.1 billion on games in 2019, representing an increase of + 9.6% year on year.Similarly, growth accumulates in the format of Mobile gaming (smartphone and tablet), meanwhile, remains the largest segment in 2019, growing + 10.2% year on year to $ 68.5 billion — 45% of the global games market.As for geography, there is another interesting fact. The United States is now estimated to be the world’s number 1 gaming market by revenue, with $ 36.9 billion this year, driven primarily by its + 13.9% growth in console gaming revenues. But despite China’s Licensing Freeze, APAC Remains the Biggest Region by Game Revenues. This year, the Asia-Pacific (APAC) region will produce game revenues of $ 72.2 billion, accounting for 47% of the global total.And if that were not enough, Global Games Market continues its trajectory of healthy growth. The predictions for the sector is that consumers spend on games will grow to $ 196.0 billion by 2022, a CAGR of + 9.0% between 2018 and 2022.Games and BlockchainIn-game monetization is now the norm in the most profitable games, so subscriptions start to substitute the traditional paid game business model. For publishers, finding the right mix of business models in an extremely dynamic market, with pressure from politics and a diverse game enthusiast community, will be the biggest challenge in the coming years.And part of this solution involves the staging of blockchain technology in the video game industry, perhaps in a different way than we have been accustomed to, but initially supporting everything equivalent to monetizing and empowering the player about their performance. in the games and especially in the eSports, a market in frank increase. According to estimates, 1,100 million dollars is the number of benefits that eSports will generate in 2019, which represents an increase of 26.7% year-on-year.Prize bags on eSports also eclipse other sports. For example, the prize pool of the 2018 DOTA 2 Tournament is just under $ 25 million, more than double the main championship bag of that year’s PGA Tour Masters of $ 11 million. Clearly, the opportunity in the eSports market to grow and integrate with cryptocurrency networks is huge.And it will be increasingly feasible to observe live developments based on the blockchain by acquiring tokens with immutable and decentralized technology that will leave behind the headaches about the solvency of certain centralized institutions, how it happened in the decades of 1980–1990 before the entry of Bitcoin and its underlying technology.On the other hand, by providing direct opportunities from creator to consumer, blockchains allow game developers to build and distribute their products without the need for costly intermediaries. This also allows you complete control over the digital rights management process, using tokens and smart contracts.Cloud GamingBeyond the direct monetization through the ‘tokenization’ of game titles for gamers, the blockchain will ‘see’ it silently supporting this industry in another important subsector for eSports mainly, such as CLOUD GAMING. For this, traditional providers such as Amazon Web Services, Microsoft Azure and Google Cloud, IBM, and Alibaba, will be strong competitors with emerging proposals under distributed accounting technology. Already in 2018, these companies showed interest in blockchain and this year some have already taken important steps in that regard.As if that were not enough, ConsenSys, one of the key players in the blockchain space, which operates as a risk production studio and blockchain software development consultancy, moved to the cloud industry through a partnership between Kaleido, a New start part of the ConsenSys Mesh and AWS call. The company aims to provide AWS customers with an “easy button” to enter the same technology that supports cryptocurrencies and decentralized applications.Consensys recently partnered with semiconductor producer AMD and investment management firm based in Abu-Dhabi Halo Holdings to work together on a new project called W3BCLOUD, a blockchain-based cloud computing infrastructure.With the demand for the gaming sector via eSports, its cloud services needs will be exponential with the growth of the subsector, so the support of blockchain technology to make Cloud 2.0 a reality will be essential to guarantee the development of this industry.**Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaioLet’s Find out About Blockchain Games! — Part 1 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 09. 13
FLETA Guideline Part 2.
Creating a FormulatorWithdrawing FLETA CoinsUpgrading FormulatorsFLETA Guideline Part 2. was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 09. 11
FLETA on Xangle!
FLETA discloses Information on Xangle to Provide Exchanges and Token buyers with Institutional Grade Reports.FLETA believes that information disclosure is key to protecting the buyers: it is important that the crypto market makes its transition from today’s speculative environment to a more rational and legitimate one. By practicing disclosure on Xangle, we are tackling information distortion, to ensure that buyers have what they need to make informed decisions.As a part of this partnership, FLETA went through a strict due diligence process by Xangle to publish a due diligence report that will be made available to Xangle’s partner exchanges. Exchanges will have access to this regularly updated institutional grade report to perform a continued evaluation of projects before and while they are listed. Exchanges that are actively engaged are: Bithumb, Korbit, Coinone, GOPAX, and CPDAX, to name a few.Comprehensive information is also available to retail token buyers, so you can check out our public information disclosure page HERE If you ever need up-to-date and accurate information on our project, whether it's token-related or business-related, we recommend that you visit our Xangle page.About XangleXangle provides accurate, comprehensive, and up-to-date information about blockchain projects so that crypto enthusiasts and exchanges can make better decisions. The information coverage includes, but is not limited to, onchain token data and off-chain company information. Note: Xangle is available in its Beta version today, with serious revamps planned in the coming months. Once it officially launches, you will be able to receive timely information on FLETA’s disclosures.FLETA on Xangle! was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 08. 28
Distinctive Features of PoF
FLETA’s proof-of-formulation (POF) consensus mechanism is key to their ambitions of being a highly scalable smart contract platform. Another platform which has the same aim as ours is EOS, which is why many people in our community are curious about how EOS’s delegated proof-of-stake (DPOS) measures up to POF. In this article, we are going to discuss both DPOS and POF and show you how they measure up with each other.EOS DPOSThe idea behind DPOS is to have the network elect 21 block producers who will be in charge of the consensus mechanism.Voting ProcessThe first step of DPOS is the voting of the producers. EOS uses a voting system called approval voting, where the top 21 block producer candidates, as elected by the total number of votes received, are allowed to produce blocks. To place their vote, EOS holders must stake tokens for three days and each user can vote up to 30 candidates. Individual voting power is directly related to the amount of EOS staked. So, if a user has 1000 EOS staked, she can cast 1000 votes (hypothetically speaking) for each of up to 30 block producers.The voting takes place entirely on-chain wherein a users signs of on a transaction with their private key indicating which producer they’d like to vote for. If at any point, the user unstakes their tokens, their vote won’t count anymore. After the voting process, the top 21 candidates becomes the block producers and the rest become backup producers.Block ProductionThe producers are shuffled around using a pseudorandom number derived from the block time and then they start producing blocks. To ensure that regular block production is maintained and that block time is kept to 3 seconds, producers are punished for not participating by being removed from consideration. A producer has to produce at least one block every 24 hours to be in consideration.The DPOS system doesn’t experience a fork because instead of competing to find blocks, the producers will have to co-operate instead. In the event of a fork, the consensus switches automatically to the longest chain.FLETA POFOur interpretation of the POS algorithm is via proof-of-formulation (POF). It has two actors:Formulators act as the block generators in the FLETA platform.Observers allow for real-time confirmation of the blocks that are generated and prevent double spending.FormulatorsFormulators are ranked by the following formula:Score: uint64(Phase) << 32 + uint64(binary.LittenEndian.Uint32(hash[:4]))In the formula above:“Hash” serves as the hash value of the previous block“Phase” is a time-related value which shows how many times the RankTable has “turned” or gone through all of the formulators for block generation.Each formulator will get at least one opportunity during each phase to generate a block. Formulators are divided among the following:General Formulator.Hyper Formulator.General FormulatorAnyone who wants to take part in FLETA’s token mining can do so by becoming a general Formulator. To do this, they need to sign in to the FLETA Formulator Portal and stake 200,000 FLETA tokens. They don’t need to set up and operate a server of their own since General Formulator nodes are automatically generated and managed in FLETA’s cloud network. All they need to do is to pay a server maintenance fee depending on their level (Alpha, Sigma, or Omega). If the fee is paid in FLETA tokens then a 20% discount is applicable.As mentioned, there are three levels to General Formulators — Alpha, Sigma, and Omega.Alpha Formulator: Every general Formulator will start off as an Alpha Formulator. Server maintenance fee is $120 USD/month (excl. VAT).Sigma Formulator: After running four Alpha Formulator nodes for a minimum of 30 days, operators can upgrade their Formulators to one Sigma Formulator. The Sigma nodes are 1.15 times more efficient than Alpha Formulator nodes. Server maintenance fee is $350 USD/month (excl. VAT).Omega Formulator: After running two Sigma Formulator nodes for at least 30 days, operators can upgrade their Formulators to one Omega Formulator. The Omega nodes are 1.3 times more efficient than Alpha Formulator nodes. Server maintenance fee is $500 USD/month (excl. VAT).To sum up, you may lock up the same amount of FLETA tokens, but Sigma and Omega Formulators have greater efficiency at a lower cost according to their levels. You can upgrade your Formulators on the FLETA Formulator Portal.Hyper FormulatorHyper Formulator nodes have been created to attract real-world business to take part in FLETA’s ecosystem. Here are some features of Hyper Formulators:Hyper formulators will be divided into Validators and Delegators.All hyper formulators operate on the Validators’ servers.Validators should own at least an 8-core CPU and stake 5,000,000 FLETAs each.Join as a Delegator is relatively easy. To join as a Delegator, all you need to do is give a minimum of 100 FLETA tokens to the Validator of your choice. Each Validator will have their own commission rate and credibility level. After that, whenever a Validator receives block rewards, the delegator will get a share of it as well.Validators are extremely important to our ecosystem, which is why they go through an extensive screening and vetting process. All the Validator nodes are as powerful and efficient as Omega Formulator nodes, by default. Validators also provide extra security to the system by confirming blocks which have been validated by the Observer nodes.ObserversIn simple terms, the primary role of the Observers is to prevent DDoS attacks and to maintain the security of the entire blockchain network. Five observer nodes are assigned to each Formulator group, 3 of which are required to sign off on a generated block for it to be confirmed.Conclusion: DPOS and POFWe hope that you have clearly understood how each of the mechanism works. EOS has reached a high of 3,996 tps while FLETA has achieved 15,000 tps (tried and tested).Another clear advantage that FLETA is more decentralized than EOS. In EOS, only the 21 producers elected are in charge of the consensus mechanism. This makes them vulnerable to cartel formation, wherein a small group of powerful nodes can collude and take control of the entire ecosystem. FLETA, on the other hand, allows for the creation of General Formulators where anyone from the ecosystem can stake their tokens and take part in the consensus if they want to.When it comes to methodology and performance, POF is faster and more secure than DPOS.Distinctive Features of PoF was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 08. 27
FLETA Wallet Has Been Unveiled
FLETA Wallet is available from 11 August. With its features, you can easily and actively engage in FLETA ecosystem.We introduce FLETA wallet and its new features:The guideline is about the main features of FLETA Wallet. Additional features will be noticed after further updates.**Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaioFLETA Wallet Has Been Unveiled was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 08. 13
Mainnet Arrival Process and...
The FLETA project was launched in February 2018 and has undergone many innovations since then. The project first created its architecture, then tested them and finally came on the market. The project, which is currently listed in GDAC, Digifinex, and Bitsonic. The team, which strengthens its team day by day, has recently become stronger with the agreement with the renowned software developer Parker Park. The company, which creates the blockchain infrastructure for each project and also builds the infrastructure of the DApps, wants to be a Google Play or Apple Store for the blockchain.Let’s take a closer look at what the project has been doing since 2018:2018 — Q4 — Alpha TestnetThe above test has been conducted with 10 Formulators, 5 Observers, and 16 Nodes consisting of 2 Transaction Generators. The test was conducted using a 4-Core CPU, 8GB Memory and VPS with 20GB SSD.The above graph is the TPS test outcome on the FLETA’s Alpha Testnet and It remains at 10,000 TPS with stability.2019 — Q1 — Beta TestnetThis testnet release marks an important milestone for FLETA as the first step of their project toward a mainnet and as a monumental landmark on their technology roadmap.Testnet overview:No. of Chains: 2No. of Formulators: 42Peak TPS: Maximum 20,000Testnet: testnet.fleta.ioBlock Explorer: https://explorer.fleta.io/Open Source GitHub CodeTo go along with the launch of FLETA’s testnet, their code is now officially open to the public for viewing through GitHub.2019 — Q3 — Mainnet (COMPLETED)A genesis block was created on 23 July at 01:39:21 according to FLETA dev. team.As of July 23, FLETA passed its own blockchain. But we cannot say that the tokens are in swap operation.The greatest value of this news will probably be for miners. After that, those who want to do mining in FLETA can use FLETA Portal.Mining Schedule & Mining Portal Launch· FLETA mining officially began from 22 July 2019, 22:00 KST.· For flawless operation, the mining portal will be officially launched on 29 July 2019. However, mining rewards are given from 22 July 2019 22:00 KST when FLETA genesis block is created.For Formulators: The maintenance fee of Formulator is waived from 22 July to 21 August; the fee is covered by FLETA.What is Next?After moving to Mainnet, FLETA aims to publish both the Web and Android wallet. Web wallet is has been opened since 10 August and Android wallet is scheduled to be published on 19 August.In this way, users can carry out mining operations and other cryptocurrency transactions through these wallets.The wallet will not only store cryptocurrencies but will also offer its users various features.You will be able to use these wallets to mining, access DApps, play games and take advantage of other investment opportunities.Original writer: Taygun Dogan**Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaioMainnet Arrival Process and FLETA Wallet was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 08. 12
FLETA Sponsors “Like Lion H...
Blockchain pioneer platform FLETA announced that it will sponsor a hackathon, <Like Lion Hackathon 2019>, in partnership with the educational organization Like Lion.Like Lion is a specialized in computer programming educational entity, led by Du Hee Lee, the ‘Genius Developer’. To present date, over 6,000 students from 130 universities have passed through Like Lion courses and went on to create 579 services. As the organization provides a high level of programming education to non-technical students, it has attracted strong attention with new services launched by its students.<Like Lion Hackathon 2019> will be held from 9 August to 10 August for two days in Seoul, South Korea. It aims to foster programming education and teach coding to those who do not have any previous knowledge or experience. FLETA will support Like Lion in their educational endeavors by offering its technology and sponsoring the hackathon.The partnership between Like Lion and FLETA is deep, as they serve in the honored position of one of FLETA’s Validators. As Validators, they contribute to FLETA’s ecosystem, helping to support the innovative multi-chain structure, solving many of the problems experienced by other blockchain platforms.<Like Lion Hackathon 2019> is the first in a series of unique hackathon experiences. In the second half of the year, FLETA will co-host a hackathon with HeartNumber. Led by AI and Artificial Neural Network pioneer, Sangyoul Kim, HeartNumber is redefining algorithmic trading. While the current function of the HeartNumber AIs are to predict pricing in the cryptocurrency marketplaces, the true application goes far beyond simple pricing to a broad range of other topics which will make strong material for hackathon participants to build upon. One inspiring example of what is possible is currently under development as a blockchain game to simplify cryptocurrency trading.FLETA Sponsors “Like Lion Hackathon 2019” was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 08. 09
How FLETA Overcomes the GAS...
Ethereum will probably go down as one of the most revolutionary technologies of all time. Vitalik Buterin’s brainchild gave inventors around the world a decentralized platform where they could create their applications. However, as has been pretty extensively documented, they suffer from scalability issues. Unfortunately, some of the architectural choices that they have made also compounds this problem and makes it even worse. In this article, we will see how the lack of scalability escalates Ethereum’s gas price and what FLETA is doing to mitigate these issues.What is Ethereum gas and how does it work?Gas is a unit that measures the amount of computational effort that it will take to execute certain operations. To understand how it works, consider this example.Suppose you are going on a road trip. Before you do so, you go through these steps:You go to the gas station and specify how much gas you want to fill up in your car.You get that gas filled up in your car.You pay the gas station the amount of money you owe them for the gas.Now, let’s draw parallels with Ethereum.The car is the operation that you want to execute, like a smart contract.The gas is Ethereum gas.The gas station is the miners.The money that you paid them is the miner fees.All the operations that users want to execute in Ethereum must provide gas for the following:To cover its data aka intrinsic gas.To cover its entire computation.In a nutshell, a gas limit must be specified before a smart contract is executed. The limit should be enough to cover the entire contract, otherwise, it reverts to its original state. The amount of gas consumed during the whole operation is paid as gas fees to the miners.Scalability and escalating gas feesGas prices in Ethereum tend to fluctuate a lot. The following is a screenshot of the average gas price chart taken from Etherscan:To know why this fluctuation happens, let’s understand how the transaction process in Ethereum works. Suppose Alice wants to send Bob 1 ETH. She will send the transaction details along with the gas price to Ethereum’s system, where it waits along with the other transactions in a mempool. Eventually, a miner will pick up these transactions, put them in a block that they are mining and pocket the gas fees.However, what happens when the number of transactions waiting in the mempool goes out of hand? During situations like these, transaction senders will increase the gas fees that they are sending through. The idea is to incentivize the miners to pick their transaction first and pocket the extra fees in the process. If a lot of senders follow suit, and the minimum gas fees increases, the following happens:The numbers of transactions waiting in the mempool increases, since the miners won’t pick them up unless they satisfy the minimum gas fees requirement.The increasing amount of pending transactions bloats up the Ethereum blockchain, putting a strain on the entire network.Since fewer transactions are actually going through, DApp usage begins to suffer.Another vital thing to remember here is that each Ethereum block is also limited by a gas limit.Image Credit: BlockgeeksWhat this means is that when miners start accepting these transactions with bloated gas fees, the number of transactions going inside the block decreases. Since the blocks are getting full faster, the waiting time for newer blocks (15–20 seconds per block) also factors into the overall network latency.Instead of dealing with hypotheticals, let’s look at real-life examples of how a sudden spike in the number of transactions bloated up the Ethereum blockchain and shot up the minimum gas price.The CryptoKitties SagaCryptokitties is an Ethereum based game in which users can collect, trade, and breed digital cats. The entire community soon got obsessed with the game and they started buying as many digital cats as they could. During its peak hype, the network transaction requests practically doubled overnight from around 622K to 1.07 Million. The miners were forced to alter their rig settings to only accept transactions with gas prices meeting a certain threshold, increasing the average gas price:As expected, this caused the number of backlogged transactions in the mempool to grow exponentially.Image Credit: QuartzHow does FLETA mitigate this?The biggest problem with increasing gas prices is that it increases the number of transactions waiting in the mempool, which in turn bloats up the blockchain. A bloated blockchain puts a lot of strain on the network, which drives up the costs of node maintenance. This will drive away a lot of users, making the network highly centralized.Scalability without compensating on centralization is our aim at FLETA, and the way we have achieved that is by adopting a multichain architecture and redesigning our blocks.Multichain ArchitectureThe independent multichain structure is one of our core design principles. The idea behind its mechanism is pretty simple. The main blockchain should be as light and devoid of activity as possible.Each and every DApp built on FLETA gets its own dedicated subchain. On that subchain, they can define their unique in-app tokenomics and machinations, and it will have no impact whatsoever on the main FLETA chain. What this means is, that if a DApp gets popular, then all the transactions will be dealt with within its specific sub-chain. This will prevent the main chain from getting bloated with the increasing number of transactions.Block redesignAnother exciting innovation that we have incorporated is our redesigned blocks. Our patented block structure (United States Patent Application Number: 62717703) has reduced the block size (by 43%) and the index volume needed for operation. These changes have increased our overall transaction processing speed by 1.8 times.ConclusionThe ever increasing gas costs of Ethereum, which spike up during times of high-activity, is inhibiting the growth of the decentralized ecosystem. FLETA wants to provide an ecosystem, where the network doesn’t face any latency and performs even better during spikes in activity. We believe that the design principles we have incorporated will be ideal for creating DApps which have the potential of attracting a mainstream audience.How FLETA Overcomes the GAS Issue was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 08. 08
30 July 2019: Important Ann...
FLETA Formulator Portal is updated and it is accessible from 30 July, 11:00 KST! As it has been updated, there are new changes that should be introduced:1. Automatic Upgrade of Sigma Formulators4 Alpha Formulators have been upgraded automatically to a single Sigma Formulator. However, if you cancel upgraded Sigma Formulators, you need an additional 15 days to complete the cancellation. Also, if you create 4 new Alpha Formulators afterward, it takes a month to upgrade them to a new Sigma Formulator.2. Changing Formulator to Delegator or Delegator to FormulatorIt takes 15 days to complete cancellation of Formulators or Delegators. You can create new Formulators and Delegators after the cancellation is fully completed.(You cannot get block rewards during 15 days of cancellation period)3. Changing ValidatorWhen you change your Validator, you also need 15 days of the cancellation period. You can select new Validators after your Validator cancellation is completed.(You cannot get block rewards during 15 days of cancellation period)However, if you have selected ‘Other’ on the Validator selection tab and did not choose any Validator since then, you can once select a Validator without the cancellation period.4. Additional delegationPreviously, you could delegate your tokens through a given address. However, after the Formulator Portal update, ERC-20 token deposit address for delegation will be changed. You are able to deposit ERC FLETA for the delegation from 1 August.You can delegate your mining rewards on the delegation registration page (https://f_portal.fleta.io/register_delegation/). You need an additional 0.1 FLETA as a transaction fee.5. Exclusive MiningTo offer exclusive mining for the ones who have created Formulators during the pre-registration period, creation of new Formulators is limited. Formulators can be created after 24 August, when 5,184,000th block is expected to be created.(The date may be changed according to the time of 5,184,000th block creation)6. Withdrawal of Mining RewardsFor high-level security, locked up tokens are in cold storage. Therefore, withdrawal is available only once a day. You can see and withdraw your mining rewards after 24 hours of mining. For example, block rewards for 3 August can be seen and withdrawn on 4 August.Go to Formulator Portal(https://f_portal.fleta.io/) and check your mining rewards!**Feel free to join and connect with us through any of our officialchannels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaio30 July 2019: Important Announcements about Formulator Portal Updates was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 30
How FLETA Can Boost Use cases
The blockchain technology is one of the most disruptive technologies ever created. What built initially to power a peer-to-peer cryptocurrency (Bitcoin) has since found acceptance from numerous industries and sectors over the last few years. However, how many of them have actually incorporated the blockchain and created a working product? This what today’s article is going to focus on — the applications of the blockchain technology in our daily lives and how FLETA can help boost blockchain adoption.Real-life blockchain use casesWe are going to be focusing our attention on two areas where the blockchain has found proper real-life application:International payments.Supply chain.International PaymentsThe international payment system, as we know today, is completely broken. Even though the world has become increasingly more connected, this sector has refused to evolve. We are still unable to conduct basic and efficient cross-border payments. Here are some of the most common issues with this sector:Bloated transaction fees: When you use SWIFT to send someone money, you are connecting your bank with the receiver’s bank with a bridge of banks. Each bank will be charging their own commission fee, which dramatically bloats the transaction fees.Time: Since each of the banks in the bridge will have their own processing time, it will increase the time taken to complete the transaction.Payment tracking: International transactions are pretty opaque and it is near impossible to track the payments between different parties.So, how has the blockchain provided a solution here?Projects like Ripple are closely working with banks to help make their transactions as smooth and efficient as possible. Ripple conducted a test with ATB Financial, SAP SE, and ReiseBank AG to send 1000 CAD from Canada to Germany. Typically, this transaction would’ve taken 2–5 working days. However, during the test, they were able to conduct this transaction in just 20 seconds. Since then, they have improved on the system and have managed to cut down the transaction time to only 10 seconds.Ripple now has over 200 partner banks.Supply ChainHaving a transparent and easily traceable supply chain is not just convenient, but extremely critical as well. Back in October 2006, multiple states in the US suffered a significant E-Coli outbreak through spinach intake. Around 199 people were affected, of whom 22 were children under five years old. 31 of the 199 developed a type of kidney failure called hemolytic-uremic syndrome, and three people died.The FDA had to shut down the spinach industry for two weeks, only to find out that the source of contamination was just one lot from one spinach farm! That one lot of spinach shut down an entire industry from two weeks because there was no transparent way to trace the spinach to its origin.The blockchain technology’s inherent transparency and immutability makes it the perfect choice for the supply chain management industry. Many big companies like Walmart are teaming up with IBM to incorporate their “Food Trust System” blockchain in their supply management system.Walmart has already done two test runs with IBM, one with Chinese pork and the other with Mexican mangoes. Walmart and IBM used the “Hyperledger Fabric,” a blockchain initially built by IBM and now housed under the Linux Foundation’s Hyperledger group for these tests.Food traceability, which earlier took days and weeks, can now be done in mere minutes.What is lacking in the current market?So, we have just shown you two real-life examples, however, those are very industry specific use-cases. What is stopping the blockchain technology from entering every fabric of our lives? Why are we not using blockchain-based dapps every single day? The simple answer to that is we can’t or, to be more exact, we can’t do it with the technology we have right now.The platforms that are out there are either not scalable enough, or they are not practical enough for developers to create large-scale applications which face no latency issues. This is where FLETA is going to step up and change the game.How will FLETA drive up adoption?FLETA’s main purpose is to create a platform where the blockchain technology can reach its full and true potential. We want to build a platform where developers around the world can create the kind of applications which is going to draw a mainstream audience. We have incorporated several innovations which have helped us create an ecosystem which is fast, secure, and decentralized. Innovations such as:Independent Multi-Chain Structure: Allowing dapps to have their own independent sub-chain to avoid bloating the main blockchain.Proof-of-Formulation: Our consensus mechanism which has helped us achieve 15,000 transactions per second throughput during testing (Ethereum can do 15–20 transactions per second, while EOS reached a high of 3,996 transactions per second).Block Redesign: We have reduced our block size by 43%, which has increased processing speed by 1.8 times. Plus, reduced block size helps in the decentralization of the ecosystem.LEVEL Tree validation: FLETA uses LEVEL tree instead of Merkle trees which decreases tree size by 90%.Parallel Sharding: A layer-1 scalability technique which will help our nodes to parallelize tasks. FLETA has the fastest speed of individual shards among existing blockchain projects with 20,000 tps.How FLETA Can Boost Use cases was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 29
Does Block Size Matter?
FLETA aims to become the Google Android and Apple iOS of the blockchain market. To live up to such ambitious goals, we had to create a platform which is highly scalable, decentralized and has low latency. To do so, we had to incorporate some technological innovations within our platform. One of these innovations happens to be our blocks or to be more exact, the block size.The words “block size” can pretty much cause a riot in the crypto community. This is the very reason why Bitcoin was split into Bitcoin and Bitcoin Cash. So, in this article, we are going to give you a brief history of the block size debate and see whether increasing or decreasing the block size is the answer to scalability or not.Origins of the block size controversyThe actual seeds of the block size debate can be traced way back to Satoshi Nakamoto, the anonymous creator of Bitcoin was forced to give a 1-MB size limit to the blocks in his blockchain. According to him, a size-limit will reduce the number of spam transactions within each block. However, over the years, Bitcoin became more and more popular and its usage increased exponentially. As a result, Bitcoin started suffering from scalability issues and the community was desperately searching for solutions.The solution, according to a section of the community, was pretty simple. Remove the block size limit and that will increase the number of transactions that each block can carry and hence increase scalability. Pretty simple, right? Unfortunately, it wasn’t. The issue soon grew out of proportion and it divided the community into the ones who were in favor of the block-size increase and those who weren’t and were looking into SegWit implementation as a possible solution. Let’s look at the arguments made by both sides.Arguments for the block size increaseMiners will significantly benefit from increased block size since more size means more transactions and hence more transaction fees collected per block.The scalability issues are greatly hampering bitcoin from performings its functions. Increase the block size will improve scalability.SegWit will bring a whole lot of complications to Bitcoin’s original architecture.Arguments for the block size increaseMiners will lose incentive because transactions fees will decrease. Since the number of transactions entering the block will increase, it will reduce the fees associated with the transactions. Lesser miners will mean lesser network hashrate.Block size increase will cause the system to fork and make two parallel Bitcoins. This will inevitably split up the community.The SegWit solution would address the scalability issue without forcing the network to go through a hard fork.Increasing the block size will increase centralization. We will discuss this more in the next section.Unfortunately, the community couldn’t come to a consensus and Bitcoin got split up into Bitcoin and Bitcoin Cash. Ever since then, many members of the crypto community have recently questioned if increasing the block size is the correct way to go. In fact, many argue that decreasing the block size may be more beneficial to overall network health.Does the answer lie in decreasing the block size?The biggest problem with increasing block size is centralization. Mining large blocks will require a large amount of processing power. This will take out all the small mining pools and give mining powers exclusively to the large scale pools. Plus, in a network with large blocks, the nodes will need higher-end hardware for propagation. What this unfortunately means is that decentralization is going to be compromised since it won’t be sustainable for everyone cost-wise.We didn’t want FLETA to be centralized. We wanted to make our network decentralized and fast. This is why we went the other way and decreased the overall block size. Our patented block structure (United States Patent Application Number: 62717703) has reduced the block size (by 43%) and the index volume needed for operation to increase the overall transaction processing speed by 1.8 times.Conclusion: Decentralization and SpeedWhat are the two things that a high-quality smart contract platform must provide? Speed and decentralization. Currently, we have platforms that emphasize speed while compromising on decentralization (like EOS), or we have platforms that emphasize decentralization while compromising on speed (like Ethereum). We believe that with our restructured blocks, we will be able to give developers a platform that will remain highly decentralized without compromising on speed.Does Block Size Matter? was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 24
22 July 2019: Important Ann...
Due to your continuous supports, we are about to create our own genesis block tonight. Once FLETA genesis block is created, official FLETA mining begins. Along with this monumental moment, we would like to share some important updates. Hope you like it :)<Mining Fee from 22 July to 21 August 2019>· For Formulator Holders: the maintenance fee of Formulator is waived from 22 July to 21 August; the fee is covered by FLETA.· For Delegators: a validator commission is waived from 22 July to 21 August; the fee is covered by each Validators.<Mining Schedule & Mining Portal Launch>· FLETA mining will officially begin from 22 July 2019, 22:00 KST.· For flawless operation, the mining portal will be officially launched on 29 July 2019. However, mining rewards are given from 22 July 2019 22:00 KST when FLETA genesis block is created.<FLETA Wallet Release>· Web-based Wallet: 4 August 2019· Android-based Wallet: 10 August 2019· Detail schedules on FLETA Wallet launch on Google Playstore and Apple App Store will be announced later.**Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaio22 July 2019: Important Announcements about FLETA Mining was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 22
FLETA- Its Own Unique Protocol
FLETA aims to become the Google Android and Apple iOS of the blockchain market. It will deal with the existing problems of blockchains such as scalability, speed or decentralization and give developers a platform to create scalable and high-performing DApps. To do so, we needed an innate architecture and foundation which was brand-new and utterly different from anything that the market has seen before. This is the reason why our CTO Sam Jeong and our team of developers chose to code FLETA’s protocol right from scratch.To understand why that is significant, let’s give you some background.Cryptocurrency vs. TokenYou must have heard the terms “cryptocurrencies” and “tokens” float around in the space, so let’s try to understand what those terms mean.A cryptocurrency coin, like Bitcoin, Bitcoin Cash, Ethereum, etc. can be independent as a platform. They can be used as a form of currency outside their native environment. You can use cryptocurrencies to send money to anyone around the world, provided they have a compatible wallet.A token, on the other hand, is a representation of something in its particular ecosystem and is used to power decentralized applications. A token is not limited to a specific role; it can fulfill a lot of functions in its native ecosystem. OmiseGO, Golem, etc. are examples of tokens which exist on a particular platform, in this case, Ethereum. A token, represent an asset or utility that a company has and they usually give it away to their investors during a public sale.Different types of cryptocurrenciesSo, if we were to look into the different types of cryptocurrencies out there, then they generally fall into the following types:Forked Protocol.Original Protocol.Forked ProtocolA fork is a condition whereby the state of the blockchain diverges into chains where a part of the network has a different perspective on the history of transactions than a different part of the network. A fork can be achieved by a soft fork or a hard fork. So, while the underlying protocol remains the same, a fork can lead to the addition of certain features while makes it different from the original protocol. If the features will allow the new protocol to still interact with the old protocol, then it is a soft fork, however, if the new protocol will not be able to interact with the old protocol, then it is a hard fork.In a forked protocol, the original protocol code is forked and certain changes are added to it. These changes could be a way to:Add new features into the protocol.Make up for the deficiencies of the original protocolInterpret the original protocol differently.The most famous examples of forked protocols are Litecoin, Bitcoin Cash, and Zcash, which are all forked from the original Bitcoin protocol. The main advantage of this method is that you are using a protocol which is already proven and credible. You don’t need to create anything from scratch, so it is not that time-consuming.The biggest problem with this approach is the lack of inflexibility. There is only so much you can do when you are using someone else’s ground protocol. Also, the imperfections of the original protocol are still going to hamper the new protocol.Original ProtocolThe second and more meticulous approach is to design your protocol from scratch, which is something FLETA did for the following reasons:We wanted to incorporate innovative architecture into their core protocol.We wanted to use their own patented consensus mechanism (Proof-of-Formulation).We wanted to create a protocol which was fast and extremely secure at the same time.Some of the architecture innovations that required them to use an original protocol are:An independent multi-chain structure where each DApp will have its dedicated sub-chain. This will decrease the bloat on the main chain.Blocksize has been reduced by 43% and the size of index has been reduced as well. This increase the processing speed by 1.8 times.LEVEL Tree validation reduces the size of the data by 90%. This increases the speed of the process by more than five times.Sharding is a method by which the database is partitioned to enable faster, parallelized processing. Sharding helps FLETA to process 20,000 transactions per second (TPS). This is the fastest TPS of individual shards among existing blockchain projects.ConclusionWith the sheer amount of innovations that FLETA has brought in, it is easy to see why we needed an original protocol. A big problem with original protocols is security issues. At least in forked protocols, you can use a tried and tested open-source code to build the foundations of your new system. You don’t have the same luxury with original protocols.We were aware of this and are happy to inform you that FLETA has already gotten a complete security clearance from CertiK, which is one of the best blockchain and smart contract verification platforms in the world. CertiK was founded by former senior software engineers from Google and Facebook and formal verification experts from Yale and Columbia University.With all these new features, FLETA plans on disrupting the smart contract space, and bring decentralized applications to the next generation.FLETA- Its Own Unique Protocol was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 19
Listing Announcement: Bitsonic
FLETA will be listed on 18 July 2019 on Bitsonic, an exchange of Skoop Media and one of the Validators of FLETA.•Deposits begin at 14:00 KST on 17 July 2019•Trading and withdrawals begin at 15:00 KST on 18 July 2019Please note that the English website of Bitsonic is a beta release; some of the pages are available only in Korean.Thank you!**Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaioListing Announcement: Bitsonic was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 16
플레타 상장 공지: 비트소닉 (Bitsonic)
플레타가 오는 7월 18일(목), 플레타의 검증인이자 스쿱미디어의 거래소인 비트소닉의 KRW 마켓에 상장됩니다.2019년 7월 17일 오후 2시 (한국 기준)부터 비트소닉에서 플레타 입금이 가능하며, 2019년 7월 18일 오후 3시 (한국 기준)부터 FLETA/KRW 거래 및 출금이 가능합니다.고맙습니다.***플레타 공식 웹사이트 : https://fleta.io/플레타 공식 텔레그램 : https://t.me/FLETAofficialGroup플레타 공식 카카오톡: https://open.kakao.com/o/gDDjvgN플레타 상장 공지: 비트소닉 (Bitsonic) was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 16
Announcing FLETA’s Validato...
Validators of Hyper Formulators, high-performance mining nodes, play important roles to ensure stability, security and performance of the FLETA network. The Validators will also take responsibility for developing and implementing efficient FLETA governance.Since we’ve announced our Validator programme, we’ve on-boarded the validators who will cultivate our ecosystem together. Before the FLETA blockchain is live and in production from 22 July 2019, we would like to announce the initial group of Validators.***The Validator selection period for pre-mining:15 July 2019, 14:00 KST — 19 July 2019, 17:00 KST***HashtowerHashtower is a validator brand of GDAC, a Korean cryptocurrency exchange. As one of the leading validator of Cosmos(ATOM), Hashtower aims to provide the safest and the most stable validator service enhancing the value of blockchain ecosystem and delegators.⠂Announced Commission Rate: 8%CosmostaionCosmostation is one of the top 10 Validators of Cosmos(ATOM). It is also a validator of Tendermint-based blockchains such as IRISnet and Terra. It has a special philosophy that nodes should be operated for the community and by the community. It also actively contributes to cultivating the Cosmos(ATOM) ecosystem by developing Cosmos-based products including Cosmostaion (the first mobile wallet for Cosmos), Mintscan (block explorer for Cosmos blockchain), and a web tool kit for transactions.⠂Announced Commission Rate: 8%BitsonicBitsonic is a cryptocurrency exchange founded by Skoop Media, a leading mobile application company in Korea. Skoop Media has created many top mobile applications in Korea, which includes Baedal Minjok (the most popular food delivery app in Korea), SOCAR (the largest car-sharing app in South Korea), Memebox (an online shopping application for beauty products), and Naver Webtoon (A webcomic application managed by the largest Korean search portal Naver).⠂Announced Commission Rate: 8%Like LionLike Lion is an educational organization specialized in computer programming, led by a.k.a ‘genius developer’ Du Hee Lee. As the organisation provides a high level of programming education to non-educated students, it has attracted strong attention with new services launched by its students.⠂Announced Commission Rate: 8%FOROURFOROUR is committed to building a bridge between blockchain, VR and/or AI startups and corporates to foster digital innovations in the era of Fourth Industrial Revolutions. It is also known as a key accelerator of Oasis City, a blockchain-based VR contents platform.⠂Announced Commission Rate: 6.8%WBLWBL is an education lab specialised in cryptocurrency investment. Aiming to create a value-driven crypto investment ecosystem, it has offered regular classes and education programmes to the public.⠂Announced Commission Rate: 7%***Validator CommissionThe information on the table was confirmed on 15 July 2019 and can be changed later.Select your Validator for pre-miningfrom 15 July 2019, 14:00 KST to 19 July 2019, 17:00 KST**Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaioAnnouncing FLETA’s Validators for Enhanced Credibility and Stability! was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 15
플레타 블록체인의 신뢰성과 안정성을 높여줄 검증인...
플레타는 블록체인이 실제로 사용이 될 수 있게끔 하는데 중점을 두고 있습니다. 더 많은 기업과 개발자가 안정적이고 효율적으로 플레타 블록체인을 기반으로 서비스를 개발할 수 있게 하기 위해 고성능 채굴노드인 하이퍼 포뮬레이터가 운영됩니다. 하이퍼 포뮬에이터의 검증인은 플레타 블록체인의 안정성과 신뢰도를 높이고, 위임자들로부터 토큰을 위임받아 플레타의 지속 가능한 발전을 위한 최적의 거버넌스를 구축하는 큰 역할을 담당합니다.2019년 7월 22일, 본격적인 플레타 채굴 시작 전, 조기 채굴을 신청한 위임인들이 각자의 니즈에 따라 최적의 검증인 선택을 할 수 있도록 검증인에 대한 간략한 정보를 안내 합니다.조기 채굴 위임인 검증인 선택 기간: 2019년 7월 15일 오후 2시-2019년 7월 19일 오후 5시 (한국 시간 기준)검증인 소개해시타워거래소 지닥(GDAC)의 노드 운영 브랜드. ‘금융의 자유’를 목표로 하고 있다. 안랩, 카카오, 삼성전자, 신한카드 출신으로 구성된 보안 및 인프라 전문가들이 24시간 안전하고 안정적인 시스템 운영을 책임지고 있다.⠂수수료율: 8%코스모스테이션코스모스 아톰(ATOM)의 최상위 검증인 중 하나. 아이리스넷(IRISnet), 테라(Terra) 등 텐더민트 기반 블록체인의 검증인이기도 하다. 커뮤니티에 의한, 그리고 커뮤니티를 위한 노드 운영 철학을 추구하며, 모바일 월렛, 블록익스플로러, 툴킷 개발 등으로 코스모스 아톰 생태계 확장을 적극 진행하고 있다.⠂수수료율: 8%비트소닉네이버 웹툰, 배달의 민족, 쏘카, 미미박스 등 국내 유명 모바일 애플리케이션을 개발한 스쿱미디어의 암호화폐 거래소. 국내 최초로 거래소 수수료 수익을 고객과 공유한다는 전략을 내세워 2018년 창립 이래 꾸준히 성장하고 있다.⠂수수료율: 8%멋쟁이 사자처럼서울대 출신 ‘천재 개발자’이자 방송인으로 유명한 이두희 대표의 프로그래밍 교육 단체. 비전공자에게도 높은 수준의 프로그래밍 교육을 제공하며, 수강생들이 출시한 새로운 서비스로 더욱 주목받고 있다.⠂수수료율: 8%포아워4차 산업혁명의 주요 키워드인 VR, AI, 블록체인과 관련된 프로젝트들과 함께 국내외 기성기업들과 연계한 사업을 전개하고 있으며, 대표적인 예로 블록체인 VR 프로젝트 오아시스 시티가 있다.⠂수수료율: 6.8%WBL블록체인 및 암호화폐 관련 교육 연구소. 올바른 암호화폐 투자 관련 정보를 제공함으로써 투자자들에게 올바른 지식과 가치를 보급하는 데 주력하고 있다.⠂수수료율: 7%**검증인 별 수수료본 정보는 한국 시간 기준 2019년 7월 15일에 작성 되었으며 추후 변경될 수 있습니다.조기 채굴 위임인 검증인 선택 기간: 2019년 7월 15일 오후 2시- 2019년 7월 19일 오후 5시 (한국 시간 기준)***플레타 공식 웹사이트 : https://fleta.io/플레타 공식 텔레그램 : https://t.me/FLETAofficialGroup플레타 공식 카카오톡: https://open.kakao.com/o/gDDjvgN플레타 블록체인의 신뢰성과 안정성을 높여줄 검증인을 소개합니다! was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 15
Meet our new CTO, Parker!
According to White Paper on Korean Games 2018 by the Korea Creative Content Agency, Korea’s domestic game market is expected to grow steadily; in 2017 Korean game market reached KRW 13.1 trillion, and it was expected to reach an estimated KWR 13.9 trillion in 2018. In the case of the global game market, it tallied at $162.79 billion which had a 12% increase compared to a year ago.Behind the rapid development of the Korea domestic game market and the global game market, there are efforts of countless developers and artists. In order to make a “fun and entertaining” game, the best teamwork between all parts of game development — game planning, coding, sound design, graphic design, and publishing — is significant. Thus, in the game scene, working as an ‘individual developer’ who deals with all of those parts alone, is considered as a huge challenge.In July 2019, a new developer, Parker Park, has joined FLETA. As an individual indie game developer, he has developed more than 20 games since 1998.In the Korean game scene, Park has been known as an influential indie game developer who presents pretty much fun and unique games with high quality all by himself.***Tell me about yourself.I’m Parker Park, a game developer. I have started game developments since 1998 when I heard that a winner of game development competition can receive admission from Sungkyunkwan University, one of the top universities in Korea. It was rather impure motivation, but since then, I have developed indie games for about two decades.[Walpurgis Night, the game Park first created when he was a high school student]2. You have developed games for a long time. Which games have you developed so far?The games published in Korea include Horus Cannon, Don Quixote Online, Blue Ocean Messenger, Observer Online, Kitten Taxi and Nekopocha. Besides them, there are about 20 games unpublished.3. Do you have the most attached game among them?I would say Horus Cannon is the one. As there were so many episodes and difficulties while developing the game, I feel a special affection for it.[Promotion material of Horus Cannon]It was the game that taught me the fun of real-time communication with game users. There is a bitter-sweet episode about the game; I once found the users blaming me in the online public chat room. Then, I said to them, ‘Hello, I’m the developer of the game.’ Different from my expectation, they rather welcomed me and told me what they felt while playing the game and what would make the game better if modified. That was the first time I found communicating with users interesting.4. What made you have an interest in blockchain technology?The interest in blockchain technology has been with me since the very beginning. I once had a great opportunity at the time, but unfortunately, I focused more on other things. I can’t imagine what it would look like if I have chosen the opportunity at that time. [laughter][Images of Observer Online]Watch Observer Online gameplay5. Is it possible to build existing games on a blockchain? I would like to know how it will be implemented if possible.From my point of view, it is not that much hard. However, we should consider how to utilise cryptocurrency, an inevitable part of a blockchain, in the game effectively and efficiently. I think this is the difficult part of planning blockchain games.Personally, I don’t think it is necessary to adopt blockchain to every single part of the game. That means every transaction of the game does not have to be recorded on the blockchain. If we apply blockchain technology as one element to where it can improve the game, we may realistically utilize the technology and complement its limitations.[Images of Don Quixote Online]Watch Don Quixote Online gameplay6. Is there any reason you chose FLETA out of many blockchain projects?As I get to know FLETA, what attracted me was its fast speed and unlimited scalability. As a game developer, I have these guts about what kinds of features are necessary for better. However, FLETA’s technology is not the only reason that I joined FLETA.Before I decided to join FLETA, I had in-depth meetings with FLETA executives more than three times. Through these meetings, I can feel the team’s strong commitment to developing fun and high-quality blockchain games, which helped me make a decision. My goal is to develop a high-quality blockchain game, and FLETA has decided to build its first game-related use case by developing its own blockchain game. We had the same goal from the beginning.[Images of Nekopocha]Watch Nekopocha gameplay7. What is your role in FLETA as the CTO?I will lead all game development using the FLETA blockchain and be a troubleshooter dealing with every issue related to game development. Also, I would like to connecting dots between FLETA and acclaimed game development teams outside. Because I am known as a kind of cool and praised game developer in this field. [laughter]8. What do you think about the future of the blockchain game industry?Even though blockchain technology can solve some of the current problems, personally, I do not think blockchain technology is a new technology that can solve every problem.Game and blockchain are not that different. For example, currency A, which is an in-game currency that can be used only in the game L, can be encashed since it creates value in the game, though it is not related to blockchain. Unlike in-game currency, place of issue, amount of issue, and distribution of cryptocurrency are revealed and verified on blockchain. Likewise, with its distinctive features, blockchain will be recognized all by itself and I expect the game will be the first field that actively utilizes blockchain technology.Of course, in the current situation, there is an absolute lack of contents. However, let’s take a look at the cases of online and mobile game industries. They also were not attractive at the early stages, but after one successful game, they have grown remarkably and ended up forming a big market as it is today. Blockchain game industry is similar to the early stages of online and mobile game markets. Not many people pay attention to it due to its low quality, but a single successful blockchain game can be a game-changer.It should be our team that creates ‘the one’, right? [laughter]9. Lastly, please tell us your goals or ambitions.As I mentioned above, I will primarily focus on game development until blockchain games as a whole gain recognition from users and the market. Personally, I have another goal, but I will consider it after I complete developing a ‘fun and entertaining’ blockchain game. [laughter]**FLETA is trying hard to lead the commercialization of blockchain technology and we believe the key is in the game industry. With Parker Park, FLETA can accelerate not only the games we have already planned but also developing new blockchain games. We look forward to your supports for the first FLETA-based games that Parker and the team make together.TEAM FLETAMeet our new CTO, Parker! was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 11
FLETA의 새로운 인재를 소개합니다!
한국 콘텐츠 진흥원의 <2018 대한민국 게임백서>에 따르면 국내 게임 시장 규모는 2017년 13조 1,423억 원에서 2018년 13조 9천억원으로 증가할 것으로 예상하여 국내 게임시장이 지속적으로 성장할 것으로 전망했습니다. 세계 게임시장은 1,620억 7,900만 달러로 집계됐는데 이는 전년 대비 12% 증가한 수치입니다. 국내는 물론 전 세계의 게임 시장이 이렇게 급속도로 성장해가는 이면에는 수많은 개발자들과 예술가들의 노력이 담겨있습니다. 하나의 ‘재밌는’ 게임을 만들기 위해서는 기획, 코딩, 사운드, 그래픽 등 여러 분야에서의 적절한 협업이 필요합니다. 때문에 게임 업계에서는 혼자서 이 모든 부분을 책임져야하는 ‘1인 개발’을 굉장한 도전으로 생각합니다.2019년 7월, 플레타 팀에 1998년부터 ‘인디 게임 1인 개발자’ 박병용 개발자가 합류했습니다. 혼자서 만든 게임이라고는 생각하기 어려울 정도로 완성도 높은 게임을 개발해온 박병용 개발자는 이미 게임 업계에서는 알만한 사람은 다 아는 유명 인사입니다.아래의 인터뷰를 통해 박병용 개발자에 대해 함께 알아보시죠.간단한 자기소개 부탁드려요.안녕하세요. 게임 만드는 박병용입니다. 고등학생이었던 1998년도에 게임 개발 대회에서 수상하면 성균관대학교에 입학할 수 있겠다는 불순한(?) 의도로 첫 게임을 개발한 것이 계기가 되어 20년남짓 인디 게임 개발하고 있습니다.[박병용 개발자가 고등학생 시절 만든 첫 게임 — 발프루기스 나이트 플레이 화면]2. 게임 개발을 시작하신 지 꽤 오래되었네요. 대표적으로 어떤 게임을 만드셨나요?공개된 것들은 호루스캐논, 돈키호테 온라인, 블루오션 메신저, 옵서버 온라인, 네코포차 등이 있습니다. 이 외에도 공개하지 않은 게임도 10개 정도 있습니다.3. 이중 가장 애착이 가는 게임이 있다면 말씀해주세요.아무래도 호루스캐논을 개발할때 가장 고생도 많이 했고, 고생한만큼 애착도 많이 갑니다.[호루스캐논 홍보 자료]호루스캐논은 개발자로서 유저들과 실시간으로 소통하는 재미를 알려준 게임이었어요. 좀 웃픈(웃기면서 슬픈) 일화가 있는데, 호루스캐논을 플레이하는 유저분들이 공개 채팅으로 제 욕을 하고 계시더라고요. 그래서 그 분들에게 ‘안녕하세요 개발자입니다’ 하고 말을 걸었더니 오히려 환영해주시면서 그간 플레이하면서 느낀 점이나 수정하기 원했던 것들에 대한 말들을 쏟아내시는데, 그 때 처음 유저와 소통하는 재미를 느꼈습니다.4. 블록체인 기술에 관심을 갖게 된 계기가 있나요?블록체인 기술에 대한 관심은 아주 초창기부터 가지고 있었습니다. 그 때 좋은 기회도 주어졌는데 아쉽게도 다른 일에 좀 더 집중했죠. 만약 그 때 시작했으면 지금 어떤 모습일지는 상상이 안되네요(웃음).[옵서버 온라인 플레이 모습]**옵서버 온라인 플레이 영상 보러가기5. 기존에 개발했던 게임에 블록체인을 입히는 것은 가능한가요? 가능하다면 어떤 식으로 구현될 것인지 궁금합니다.기존의 게임을 블록체인화하는 것은 어려운 작업이 아닙니다. 다만 블록체인과 필연적으로 연관된 암호화폐를 어떻게 게임안에 녹일 것이냐에 대한 재구성은 필요하죠. 사실 이 부분을 기획하는 것이 어렵습니다.개인적으로 모든 부분을 블록체인화 시킬 필요는 없다고 생각합니다. 예를 들면 게임 내의 모든 트랜잭션을 블록체인 위에 기록할 필요는 없다는 거죠. 필요한 곳에 요소기술로서 사용한다면 현재 지적되는 블록체인 기술의 한계를 보완하고 현실적으로 쓸 수 있게 되리라 생각합니다.[돈키호테 온라인 플레이 화면]**돈키호테 모바일 플레이 영상 보러가기6. 수많은 블록체인 프로젝트중 플레타를 선택한 이유가 있나요?플레타를 접하고 나름대로 알아보니 속도가 빠르고 확장성에 한계가 없다는 점이 마음에 들었습니다. 아무래도 게임 개발자로서 게임 개발에 필요한 부분에 집중하게 되더라고요. 다만 플레타 체인의 우수한 퍼포먼스만을 보고 플레타 프로젝트에 합류한 것은 아닙니다.합류를 결심하기전, 임원진과 세 차례 이상 심도 깊은 미팅을 가진 후 플레타 팀의 블록체인 게임 개발에 대한 강한 의지를 엿보았고, 이 점이 합류를 결심하는데 가장 큰 영향을 미쳤습니다. 저는 완성도 높은 블록체인 기반 게임을 개발하는 것이 목표고, 플레타 팀은 플레타의 블록체인 기술이 가장 먼저 사용되는 분야를 게임으로 결정한 것이기에 서로의 목표가 합치되었다고 볼 수 있죠.[네코포차 플레이 화면]**네코포차 플레이 영상 보러가기7. 플레타에서의 포지션과 맡게된 프로젝트는 어떤 것인가요?플레타 체인을 활용한 게임 개발의 총괄을 맡았습니다. 쉽게 말해 해결사 역할이라고 보시면 되겠네요. 한 개의 게임을 전담하여 개발한다기 보다는 게임 개발과 관련된 여러가지 이슈들을 해결하고 전반적인 진행을 총괄하는 역할입니다. 또한 실력 좋은 게임 개발팀과 협업하기 위한 중간다리 역할도 할 수 있겠네요. 게임 개발자들 사이에서 제 이미지가 나쁘지는 않거든요(웃음)8. 향후 블록체인 기반 게임 산업의 전망을 예측해보신다면 어떻게 될까요?개인적으로 블록체인 기술이 작금의 문제들을 모두 해결할 수 있는 신기술이라고는 생각하지 않습니다. 요소기술로서 일정 부분의 문제를 해결할 수는 있겠죠. 게임과 블록체인은 크게 다르지 않다고 생각합니다. 예를 들어 기존의 L게임 내에서 이용하는 인게임 화폐인 A화폐는 블록체인과 전혀 관련이 없음에도 게임내에서 가치를 창출한 것이기 때문에 현금화가 가능했죠. 다만 암호화폐는 발행처와 발행량, 유통을 투명하게 확인할 수 있다는 점이 인게임 화폐와 비교했을 때의 차이점이라고 볼 수 있겠네요. 블록체인도 마찬가지입니다. 블록체인 자체적으로 가치를 인정받을 만한 상황이 발생할 수 있으리라 생각하며 게임분야에서 가장 빠르게 실현될 것임이 분명합니다.물론 현재는 콘텐츠가 절대적으로 부족한 상황입니다. 하지만 온라인, 모바일 게임 산업의 경우에도 초기에는 외면당하다가 단 한 개의 성공한 게임이 탄생한 뒤, 굉장히 빠른 속도로 성장하여 현재와 같은 큰 규모의 시장을 형성했습니다. 블록체인 게임 시장도 온라인, 모바일 게임의 초창기와 비슷합니다. 현재로서는 낮은 퀄리티와 뒤떨어지는 게임성으로 유저들에게 외면받고 있지만, 단 한 개의 성공한 블록체인 게임이 시장의 흐름을 바꿀 것입니다.단 한개의 성공한 블록체인 게임을 만드는 것이 저와 저희 팀이 되어야겠죠?(웃음)9. 끝으로, 개인적인 목표나 포부가 있다면 말씀해주세요.위에서 말했듯이 눈앞의 목표는 블록체인 게임이 하나의 게임으로서 유저와 시장에서 인정 받을 수 있을 때까지 게임 개발에 전념할 계획입니다. 개인적으로는 다음 목표가 있지만 우선 ‘재밌는’ 블록체인 게임을 완성한 다음에 생각하려고요(웃음)플레타 팀은 블록체인 기술의 상용화를 주도하기 위해 많은 노력을 기울이고 있으며 그 핵심은 게임 산업에 있다고 생각합니다. 박병용 개발자께서 합류함으로서 플레타는 기존에 기획했던 게임은 물론, 블록체인 기술을 활용한 새로운 장르의 게임 개발에 박차를 가할 수 있게 되었습니다.플레타가 만들어갈 블록체인 게임과 실생활에 쓰이게 될 유즈케이스들을 기대해 주시고, 박병용 개발자와 플레타가 창출할 시너지를 지켜봐주시기 바랍니다.FLETA의 새로운 인재를 소개합니다! was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 10
All About Mining
Since blockchain-based systems are decentralized, they do their decision-making by using consensus mechanisms. As per Wikipedia, “Consensus decision-making is a group decision-making process in which group members develop, and agree to support a decision in the best interest of the whole.” The mechanism by which the consensus is achieved is called consensus mechanism.There are various types of consensus mechanisms out there, but the ones most commonly used are proof-of-work (PoW), aka “mining” and proof-of-stake (PoS). PoW’s ecosystem has a group of people called miners who use ASICs or GPUs to solve cryptographically-hard puzzles. PoS, on the other hand, has a staking model which takes care of consensus. If you want to know more about how PoW and PoS works, then check out this article.In this article, we are going to be focussing on one of the biggest problems of mining, which makes it highly inefficient to achieve true decentralization. Later on, we are also going to see how staking mitigates this very problemMining and centralizationAt the very heart of blockchain-based systems lies the concept of decentralization. PoW, as it turns out, is not as decentralization-friendly as we previously thought. The following is the current hashrate distribution chart of Bitcoin:Bitcoin currently has four mining pools which own more than 50% of the network hashrate. It gets even worse when you look at Monero’s hashrate distribution:Monero has three mining pools which hold more than 60% of the network hashrate!The main problem with this is that these dominant pools have an unfair advantage in the ecosystem:Theoretically speaking, they can join forces and conduct a 51% attack on the ecosystem. If they do so, they can do whatever they want on the blockchain.Since they own a significant percentage of the network hashrate, the probability of them successfully mining the blocks is significantly higher and, as a result, they will be receiving most of the mining rewards.There is one more factor which gives large mining pools an extremely unfair advantage. To understand that, let’s look into a concept called “Economies of Scale.”What is “Economies of Scale?”There are two kinds of productions out there:Short-run production: At least one of the input resources is fixedLong-run production: None of the input resources are fixed. This is where economies of scale come in.Let’s go a little deeper into the second point.Assume that you are doubling the number of input resources in a long-run production. When you do that, there are three possible outcomes:The output more than doubles, so you are getting increasing returns to scale.The output doubles, so that’s a fixed return to scale.The output doesn’t double, so you are getting decreasing returns to scale.The following is a graphical depiction of economies of scale where the average cost of input resources is compared with the output value:So, what is going on here?When you want to increase your output from Q to Q2, your cost of production decreases from C to C1.When you increase your output beyond Q2, the cost of production increases.The implications of this are pretty staggering. The graph shows that until a particular limit, large corporations can actually increase their output value by decreasing the average cost of their input resources!How does this apply to mining pools?Larger and more powerful mining pools can leverage the economies of scale by, dollar-for-dollar, generating more hash-rate than other pools even if they spend the same amount of money.Advantages that powerful mining pools have in a POW systemThey can use their superior hashrate to mine more blocks and gain more rewards.They can use the rewards to buy even more powerful ASICs and GPUs to give them an even greater advantage.They can use economies of scale to generate more hashrate for the same amount of money as their competitors.So, as you can see, powerful mining pools have a clear advantage in this ecosystem, which makes it a lot more centralized that you’d want to believe.How POS mitigates this problemPOS mitigates this problem by making the mining process completely virtual. You are not using your computational power to mine resources anymore, you are merely staking your money. While in a POW system, large pools can generate more hashrate from a dollar, in a staking system, one dollar is still one dollar. Economies of scale don’t apply here.This is one of the biggest reason why a lot of the newer blockchains, including FLETA, have chosen a staking model. A truly decentralized network will be essential to their success and staking mechanisms can achieve that far more efficiently than traditional crypto mining. FLETA uses a faster and more secure variation of the POS algorithm called Proof-of-Formulation(POF).In traditional POS, the entire network takes part in the consensus algorithm. In POF, two sets of actors are chosen from the network:Formulators: These are in charge of block generators. Based on their rankings, the Formulators will each get an opportunity to generate a block.Observers: These nodes do real-time confirmation of the generated blocks and prevent double spending. Five observer nodes are assigned to each Formulator group. At least three of out the five observers need to sign off on a generated block for it to be confirmed.You can read this article to gain a deeper understanding of POF. POF has so far achieved a throughput of 15,000 transactions per second (tested and verified) which is a lot faster than Ethereum (15–20 transactions per second) and EOS (max of 3,996 transactions per second).All About Mining was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 09
[Blockchain TALK] Serviceab...
[Blockchain Talk] Building the Serviceable Blockchain Is Our ‘Goal’[This is a translated article originally from Kyunghyang Games]FLETA CEO Paul Seungho Park came to gain interest in the IT field as he was providing medical service. Thus, as he got to know what blockchain is, he participated in various conferences as an audience to gain insight. In the conference where the CEO was just an attendee a year ago, he was recently invited to it as the leader of a promising blockchain company. Viewing blockchain as a technology with a bright future, Mr. Park and FLETA are taking strides towards the goal of applying blockchain technology in real-world business models.Q. Can you introduce the company?FLETA CEO Park. FLETA is a company that develops blockchain technology. The practical application of blockchain technology in real IT services was the reason why we started the business. Ethereum, which accounts for 85% of the market, specializes in token but still shows setbacks and loopholes in providing actual services. FLETA is working towards the goal of developing technologies that will be used for actual use cases.Q. How much progress have you made in terms of development?Mr. Park. In terms of the FLETA Mainnet, we have developed it from late 2017 and our first version came out in April 2018. We have carried out an Alpha test in November 2018. Our originality derives from consensus and block design, which we have applied for a patent in the US and are still in the process of finalization. Additionally, FLETA is developing a multichain structure. Existing blockchains collect all the data, striving to become platforms. FLETA, on the other hand, create a separate node when creating DApps or blockchain-based services.Q. What is the reason behind adopting a multi-chain structure?Mr. Park. Take a look at Bitcoin, which is the most well-known. In Bitcoin, if the transaction is 100G, it uses 50G to filter and record the transaction, meaning that the index data efficiency is 50%. We’ve garnered efforts to resolve this issue by using a method called ‘LEVEL TREE,’ which consists of three levels of clusters of 16 transactions that are hashed into one unit. Our focus was on performance and fast speed.Q. What sets FLETA apart from existing blockchains?Mr. Park. Ethereum entails GAS and EOS entails STAKING, which are execution fees. Multichain structure was our idea of tackling this issue. Of course, the existing fees are not entirely gone even with the multi-chain structure. Yet, in the case of Ethereum, DApp users must have Ethereum besides the DApp token. However, in FLETA, DApps pay the fees for using Ethereum and in turn, can set the commission.Q. I am curious as to which extent FLETA can perform.Mr. Park. ‘FLETA City Simulation’ was what we developed, and we conducted a Mainnet Beta service. Back then, 36 nodes in 4 continents were installed with 6-core CPU. A total of 800 people participated in the 1st and 2nd test and recorded a max of 10,000TPS. All the transactions within the game were recorded in the 2nd test. When the most users were partaking at the same time, 100TPS was the figure.Q. It is impressive how you tested the Mainnet through a game. What are the core contents of FLETA?Mr. Park. We had a lot of conversation with partner companies regarding the DApp. There are many ways. You can secure a developer community like COSMOS or you can even secure the number of DApps like Klaytn, which opened recently. FLETA is making our own ways by developing our own game. We wouldn’t have the competence in numbers, so we are aiming to make representative use cases in which blockchain technology is applied. From this point of view, we concluded game will be a great use case. The genre of the one we are developing now is TCG. We are considering using blockchain technology in connecting outer third parties to the game or in transactions among users.The blockchain game market is a nascent market. Developing the game with heightened quality and utilizing blockchain technology in the distribution of the contents is what we are considering. Additionally, we are also considering a way to benchmark Skillz of the US and applying it to blockchain. Skillz is a game platform that connects matches between users and manages scores and reward distributions. It is our belief that it can work in harmony with the credibility advantage of blockchain technology.Q. Do you enjoy games?Mr. Park. I do. The members also enjoy playing games, which in turn led to a diversity of ideas for business. When I first started the business, I actually tried to create a mobile game. The reason why we are developing games currently is because we believe games will have great synergic effects with blockchain.Q. How big is the game developing team?Mr. Park. Among our 18 members, 3 are in charge of games. We are in the process of recruiting game developers, which hopefully will take place in the near future.Q. Do you think TCG and blockchain can work in harmony and create synergic effects?Mr. Park. TCG is a game in which balance is key. We are considering striking a balance through blockchain governance. Regarding the ability and effects of the added cards, we believe that we can induce the input of the users.Q. What is the timeline for the mainnet?Mr. Park. Right now, it is a beta version, but we plan to operate the mainnet in late July to August. Afterward, we will issue our own token, in the mix with FLETA token based on ERC-20. In the case of Ethereum, our plan is to make use of the exchanges and existing networks as much as possible, which are known to be solid. We will put a gateway between Ethereum and FLETA. Exchange usages and individual transactions will be made in Ethereum and FLETA coin will be used for using games.Q. ‘Verification’ seems like the factor that sets FLETA apart from its counterparts.Mr. Park. In the case of EOS, 21 BP partake in and lead the project. As we were considering a way in which more people can participate, we came up with the Formulator System. Anyone can participate in the Formulator system, so more can participate compared to EOS.We have added Validator system as there were question marks on the credibility. You can operate Formulator only if you have more than 200,000 coins. In the case of Validators, they need to stake 5,000,000 coins. Once the Validators get approved by FLETA, they verify the block created by other Formulators. Through this process, more and more can be introduced to the FLETA ecosystem.Q. What is the strength of FLETA?Mr. Park. Our strength is execution. Many domestic blockchain companies had a prior background but FLETA started from scratch, with no network and still managed to grow to this level. We were just an audience in last year’s Deconomy in April and yet, in this year’s Decenomy, we were officially invited to the event as a participating company. The driving force behind us, one that made us participate in an established, major conference, is our ability to execute.Up until now, we’ve put in all our efforts to develop the service and execute as written in the white paper. Now we are starting to actualize the service based on such prior efforts. There may be doubts as we have no background and experience in operating actual services. But what we can say with an unwavering belief is that we have a clear goal and making strides toward it.Q. What is FLETA’s goal?Mr. Park. Our goal is to make blockchain service widely used in everyday life. Our goal is to build the serviceable blockchain. Dominating the ecosystem is not what we are trying to pursue. FLETA will strive to find places in which blockchain system is applicable in our daily lives.ARTICLE SOURCE: Kyunghyang Games[Blockchain TALK] Serviceable blockchain is our ‘Goal’ was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 05
Importance of Security
All the smart contract platforms have only one main aim as of right now, scalability. However, in this race for scalability and speed, one shouldn’t compromise on security. Security happens to be one of the primary, fundamental features of a smart contract platform. Decentralized platforms and applications usually deal with a lot of money. If the contract developers are not careful with the code, attackers can easily exploit vulnerabilities and cause all sorts of chaos. This is the reason why platforms should work extra-hard on maintaining top-grade security. As crypto’s short history has taught us time and time again, careless security can lead to devastating results.Smart Contracts and Security ProblemsLet’s look at some of the smart contract exploits in the two most popular platforms — Ethereum and EOS.EthereumIn 2016, a hacker was able to exploit a weakness in the DAO smart contract to steal $50 million worth of Ether. This debacle led to the community getting split into Ethereum and Ethereum Classic.EOSIn 2018, hackers were able to use an EOS DApp smart contract exploit to conduct two attacks on the gambling DApp EOSBet on September 14 and October 15. In the first attack, the casino lost 40,000 EOS and in the second one, 65,000 EOS.To not compromise on their security, FLETA took a bunch of steps to make sure that an exploit doesn’t happen.FLETA’s security measureThe three security measures that FLETA took are:Utilizing observer nodes.CertiK verification.Utilizing Ledger’s vault service.#1 Observers NodesObserver nodes take part in the Proof-of-Formulation consensus mechanism. The role of these observer nodes is to prevent DDoS attacks and maintain overall network security. Main features are as follows:Each Formulator group gets assigned five observer nodes, of which three need to sign off on a generated block for it to be confirmed.The observer nodes will be accessed by the formulators to hide and mask their IPs to prevent DDoS attacks.Real-time information is provided to the observer nodes about a formulator’s activitiesNode status and structure information is revealed to formulators and other users to increase the overall transparency of the network#2 CertiK verificationCertiK is one of the best blockchain and smart contract verification platforms in the world. It was founded by former senior software engineers from Google and Facebook and formal verification experts from Yale and Columbia University. Instead of doing simple auditing CertiK does formal verification. Formal verification is a process which mathematically shows what a program does and how it acts out. For mission-critical programs like smart contracts, formal verification is an absolute necessity.CertiK’s processCertiK classifies the vulnerabilities they discover among the following categories:Critical: The code implementation doesn’t match the specification and vulnerabilities are severe enough to cause loss of funds for the contract owner or users.Medium: The code implementation does not match the speciﬁcation at a specific condition, or it could aﬀect the security standard by lost of access control.Low: The code implementation is not a best practice, or use a suboptimal design pattern, which may lead to a security vulnerability, but no concern found yetUpon reviewing FLETA’s source code, CertiK concluded that the code has no Critical, Medium, or Low-level vulnerabilities.#3 Utilizing Ledger’s vault serviceFLETA recently has partnered up with Ledger, the hardware wallet company, to manage their tokens with enhanced security capabilities through Ledger Vault service. Ledger Vault is a multi-authorization cryptocurrency wallet management solution enabling financial institutions to safe-keep their funds. The Vault will be using Ledger Blue enterprise devices to safeguard private keys and manage multi-sig process. To summarize, Ledger has the following properties:Aimed at asset managers and custodians.Allows the creation of custom transaction authentication procedures for each account.Utilizes multi-sig, timelock, and rate limiters for added security.Utilizes Ledger Blue enterprise devices to secure private keys and manage the multi-sig processes.ConclusionFLETA understands the need for security for both their casual users and developers. For a platform to progress and reach new heights, it is crucial for them to maintain the faith and goodwill of the general public. To do so, FLETA has taken all the steps possible to create a fast and highly secure ecosystem.Importance of Security was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 03
Listing Announcement: FLETA...
We are happy to announce that FLETA will be listed on 4 July 2019 on DigiFinex Global, a Singapore-based exchange, which is currently one of the top 5 global exchange on CoinMarketCap.It is our pleasure to announce the news since DigiFinex Global, supporting diverse languages including English, Korean, Chinese, and Indonesian, is an exchange used worldwide. We believe being listed on DigiFinex will boost our global presence in the industry.Deposits begin at 11:00 SST(GMT +8 hours) on 3 July 2019Trading and withdrawals begin at 11:00 SST (GMT +8 hours) on 4 July 2019Many interesting events related to FLETA’s DigiFinex listing are to be held. Please click here for the event details.Thank you!**Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaioListing Announcement: FLETA on DigiFinex Global was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 02
플레타 상장 공지: 디지파이넥스 글로벌(DigiF...
플레타가 오는 7월 4일(목), 싱가포르 기반의 세계적인 거래소 디지파이넥스 글로벌의 BTC와 ETH 마켓에 상장됩니다.2019년 7월 3일 오후 12시 (한국 기준)부터 디지파이넥스에서 플레타 입금이 가능하며, 2019년 7월 4일 12시 (한국 기준) FLETA/BTC 및 FLETA/ETH 거래 및 출금이 가능합니다.디지파이넥스는 코인마켓캡 기준 거래량 순위 상위 5위권의 글로벌 암호화폐 거래소로 텐센트, 바이두, HP 등 글로벌 IT 기업의 핵심 인재들이 2018년 창립했습니다. 영어 이외에도 한국어, 중국어, 인도네시아어 등을 지원하는 만큼 다양한 국적의 사람들이 이용하고 있는 세계적인 거래소입니다.이번 글로벌 거래소 상장을 계기로 플레타는 앞으로 글로벌 시장 진출을 가속화하도록 하겠습니다.고맙습니다.플레타 상장 공지: 디지파이넥스 글로벌(DigiFinex Global) was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 07. 02
Listing Announcement: FLETA...
We are happy to announce that FLETA will be listed today on GDAC, a Korea-based exchange and the first Validator of FLETA Hyper Formulator. GDAC aims to provide a finance platform of next-generation that utilises the values of blockchain technology. With GDAC being a rapidly growing digital asset exchange based in Korea, working with GDAC, our first Validator, is our important milestone to enhance the credibility and stability of FLETA network as well as improve our governance.Deposits & withdrawals begin at 16:00 KST on 20 June 2019Trading begins at 16:00 KST on 27 June 2019Transaction fee: 0.04%**Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaioListing Announcement: FLETA on GDAC was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 27
플레타 상장 공지: 지닥(GDAC)
플레타가 금일 6월 27일(목), 하이퍼 포뮬레이터의 첫 검증인인 지닥(GDAC)에 첫 상장을 합니다.2019년 6월 20일 16시 (한국 시간 기준)부터 거래소 지갑에서 FLETA 지원이 시작 되었고 원화(KRW) 및 BTC 마켓에서 FLETA 거래는 16시 경 시작될 예정입니다. (자세한 내용은 GDAC 공지사항 게시판 확인 바랍니다.) FLETA 거래 기여도에 따라 에어드랍을 제공하는 GDAC 솔로 리그도 운영하니 많은 참여 부탁 드립니다!지닥은 금융 혁신을 위한 암호화폐 거래소로, 이용자들이 상호 소통하며 정보를 교환해 더 큰 이익을 내도록 하는 ‘커뮤니티 기반의 거래소’입니다. 지닥은 블록체인의 가치를 실현하고자 하는 거래소로서 차세대 금융 플랫폼으로 자리잡는 것을 목표로 하고 있으며, 플레타의 하이퍼 포뮬레이터 검증인으로서 플레타 네트워크의 안정성과 신뢰성을 강화하고 합리적인 거버넌스를 구축하는데 큰 역할을 하게 됩니다.오늘은 플레타가 시장 가치를 평가받는 역사적인 첫 날입니다. 여러분의 응원 덕분에 플레타가 지금까지 성장할 수 있었습니다. 플레타는 계속해서 긴밀하게 협력하며 플레타의 가치를 함께 성장시킬 수 있는 거래소에 상장해나갈 예정입니다.앞으로도 계속해서 플레타를 향한 관심과 응원 부탁드립니다.고맙습니다.플레타 상장 공지: 지닥(GDAC) was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 27
FLETA Will Be Officially on...
FLETA Will Be Officially on the Market!FLETA aims to build the serviceable blockchain platform for real-world businesses. To implement our objectives, FLETA has created actual use cases that draw out the best effect and efficiency blockchain technology can. These use cases, related to game and medical data management fields, will be officially presented in the second half of this year.Thanks to many of you who have trusted and supported us, FLETA is now making an official debut in crypto exchanges. Lately, in order to enhance the credibility and stability of the FLETA network, we added Hyper Formulator whose participants consist of Validators and Delegators, on our mining ecosystem. Along with the updated mining system, FLETA pre-mining programme and related events have been carried out.As stated in our latest version of FLETA business whitepaper, 740 million FLETA tokens are allocated for token sales including bonus tokens, and 509,704,031 FLETA were sold during our private and public sales. As per our token sale result, it is predicted that about 360 million FLETA tokens would be circulated in the beginning. Gratefully, since many community members have joined our pre-mining registration since 21 June, as of today at 18:00 KST, more than 208 million FLETA tokens were staked for pre-mining. The unsold tokens of sales category are planning to be airdropped to participants of the FLETA mining ecosystem.Super early-bird benefits for pre-mining is closed on today (26 June 2019, KST); from 27 June 2019, 16:00 KST to 19 July 2019, 23:59 KST, the early-bird benefits are available. You can find the latest status of FLETA pre-mining on the FLETA Formulator Portal.FLETA Will Be Officially on the market! was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 26
플레타가 공식적으로 상장됩니다!
여러분의 크나큰 지지 덕분에 플레타는 첫 번째 상장을 앞두고 있습니다.플레타는 실제 비즈니스에 서비스 제공이 가능한 블록체인 플랫폼을 구축하는 것을 목표로 하고 있습니다. 그리고 이러한 목표의 실현 가능성을 증명하기 위해 우리 원천 기술을 바탕으로 블록체인 기술이 최상의 효과와 효율을 도출할 수 있는 적용 사례(Use case)를 준비하고 있습니다. 게임과 의료 데이터 관리 영역과 연관된 본 유즈 케이스는 이번 하반기 내에 선보일 예정입니다.플레타의 가능성을 믿고 지지해주신 많은 분들 덕분에 플레타는 첫 상장을 앞두고 있습니다. 최근 플레타는 우리 생태계의 신뢰성과 안정성을 높이기 위해 검증인과 위임인이 참여하는 하이퍼 포뮬레이터를 추가 했으며, 이것과 관련해 조기 채굴 프로그램을 운영 했습니다.플레타는 최근 비즈니스 백서에 명기된 토큰 메트릭스와 같이 총 7.4억 개(보너스 토큰 수량 포함)를 세일 토큰 수량으로 배정했으며 이 중 509,704,031개가 판매 되었습니다. 플레타는 토큰 세일 성과를 고려해 초기 유통량을 약 3.6억 개로 예측 하고 있었습니다. 감사하게도 6월 21일(금) 부터 시작한 조기 채굴 접수에 많은 분들이 참여해주신 덕분에 금일 오후 6시 기준 약 2억 8백만 개 이상의 플레타 토큰이 조기 채굴을 위해 스테이킹이 되었으며 500개 이상의 채굴 노드가 확정 되었습니다. 저희는 세일을 위해 배정된 토큰 중 미판매 수량은 플레타 채굴 생태계에 참여한 분들께 에어드랍 할 예정입니다.조기 채굴 얼리버드 혜택이 6월 27일(목), 16시 부터 7월 19일(금), 23시 59분까지 진행될 예정으로 자세한 포뮬레이터 조기 채굴 접수 현황은 플레타 포뮬레이터 포털에서 확인 가능 합니다.플레타가 공식적으로 상장됩니다! was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 26
Early-bird Is Coming! And S...
Super Early-bird registration for FLETA Pre-mining closes on 26 June, 23:59 KST. For whom stakes their FLETA tokens for pre-mining before Super Early-bird registration closes, they can receive up to 22% token airdrops of their locked up tokens if they keep their staked amount by 22 September 2019.After Super Early-bird is closed, Early-bird registration starts soon on 27 June, 16:00 KST.Those who sign up for Early-bird registration can also have a special airdrop. If you register for Early-bird, you can receive 2.5% of staked tokens 30 days after registration. You can also have 3.5% and 5% of staked tokens 60 and 90 days after registration each. To receive special benefits, you should keep your tokens staked. That is, you can receive up to 11% of your staked tokens as a special benefit if you keep them locked up for 90 days. Please note that this special offer applies to whom signed up for Early-bird pre-mining registration.Early-bird Registration is available until 19 July 2019, 23:59 KST. If you are interested, please sign up and do not miss the chance. You can not only participate in FLETA pre-mining and achieve regular block reward but also have special benefits.Early-bird Is Coming! And Super Early-bird Closing Very Soon!!! was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 25
슈퍼 얼리버드 등록 곧 마감! 얼리 버드 등록이 ...
슈퍼 얼리버드 조기 채굴 신청이 6월 26일 23시 59분에 마감됩니다. 슈퍼 얼리버드 신청을 하신 분들은 2019년 9월 22일까지 토큰 락업을 유지하시면, 락업 토큰 기준 최대 22%의 에어 드랍을 받으실 수 있습니다.슈퍼 얼리 버드 신청이 마감된 이후, 6월 27일 16시에 얼리 버드 조기 채굴 신청이 열립니다.얼리 버드 신청자 역시 특별 에어드랍 보너스를 받을 수 있습니다. 얼리 버드 신청 후, 30일 째에 락업 토큰의 2.5%, 60일 째에 3.5%, 90일 째에는 5%의 에어드랍이 진행됩니다. 보너스 에어드랍을 받기 위해선, 토큰 락업을 계속 유지하셔야 합니다. 즉, 90일 동안 토큰 락업을 유지하시면, 총 락업 토큰의 11%를 에어드랍 받으실 수 있습니다. (본 혜택은 얼리버드 조기 채굴 신청자에게만 해당되는 혜택이니 참고 바랍니다.)얼리버드 신청 마감은 2019년 7월 19일 16시까지입니다. 기한 안에 신청하시어 플레타 조기 채굴에 참여해 기본적인 블록 보상을 받고, 특별한 혜택까지 받으시길 바랍니다.슈퍼 얼리버드 등록 곧 마감! 얼리 버드 등록이 시작됩니다!!! was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 25
‘The Big Day is Coming!’ — ...
‘The Big Day is Coming!’ — FLETA Private Meet-Up RecapIn the afternoon of the 22nd of June 2019, FLETA team held the private meet-up titled ‘The Big Day is Coming!’, in Seoul. The event itself means a lot in terms of our project development considering that this meet-up is the last one before our initial exchange listing.Paul Park, FLETA CEO, opened the event with a presentation about what FLETA has achieved and what we are going to achieve by Y2019. He stressed FLETA’s potential and vision since the meetup was to remind them to investors. Gerrard Kim, FLETA’s VP of Business Development, and Henry Hong, COO of FLETA, also delivered presentations that explain FLETA’s new changes and possibilities. Additionally, many acclaimed partners including GDAC, Avex Technologies Inc., Like Lion, and Forour joined the event to support us and enjoy the moment.FLETA Validators: GDAC, Cosmostation, Like Lion and ForourWith ahead of our initial exchange listing, we made an official announcement about our Validators of Hyper Formulator — the Hyper Formulator is a recently adopted mining programme of the FLETA ecosystem to improve credibility and fair governance of FLETA.As nodes of Validator play a pivotal role in the security and stability of the FLETA network, we have invited four Validators who can cultivate our ecosystem together. The first Validator FLETA invited through its screening process is GDAC, an exchange for banking innovations. GDAC is a ‘community-based exchange’ that allows users to make more profits through communication and sharing information. Its objective is to become a banking platform of next-generation which is more than just a blockchain exchange. Ultimately, it aims to realize the values of blockchain technology.In addition to GDAC, Cosmostation, Like Lion and Forour have also joined our ecosystem as Validator. Cosmostation is a team of brilliant developers based in Seoul. They are one of the leading Validators of Cosmos ATOM, IRISnet, and Terra. Like Lion, the educational organisation specialised in computer programming, and led by a.k.a ‘genius developer’ Du Hee Lee, and Forour, the accelerator of the Oasis City project, have also expressed their strong enthusiasm to expand the FLETA ecosystem together.Special Offers for General Formulators and Delegators (by 26 June 2019, 23:59 KST)One of the topics that captured strong audiences’ interests was the FLETA’s pre-mining registration policy and its special benefits. Formulator operators and Hyper Formulator Delegators can not only achieve regular block rewards of pre-mining, but also receive special airdrops based on the amount of their staked tokens. For whom stakes their FLETA tokens for pre-mining by 26 June 2019, 23:59 KST, before Super Early-bird registration closes, they can receive up to 22% token airdrops of their locked up tokens if they keep their staked amount by 22 September 2019.On the FLETA Formulator Portal Dashboard, everyone can check out the latest status of staked token amounts and the number of Formulators to be created. The pre-mining registration is available on the official FLETA Formulator Portal(https://f_formulator.fleta.io) or GDAC (https://www.gdac.com/).Super Early-bird registration is available by 26 June 2019, 23:59 KST and Early-bird registration starts from 27 June 2019, 16:00 KST and closes on 19 July 2019. For more information, please check out the following link: https://bit.ly/31KO5Lw.Moving ForwardThe ultimate goal of FLETA is to become a blockchain platform that is actually used in real-world businesses.In the upcoming August, FLETA will launch FLETA mainnet; it will be our another stepping stone in the market, and the base of our own use cases which will be launched in this year.We hope that the meet-up was an occasion to share our visions that FLETA promises and present more clear pictures about how we are going to make this happen. And we always appreciate our partners and community members expressing strong support to our visions and commitments.Join our community for the latest progress about FLETA. We look forward to sharing more amazing updates that we’re doing in the future with you.‘The Big Day is Coming!’ — FLETA Private Meet-Up Recap was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 25
포뮬레이터 및 지분 위임 사전 신청 가이드
<사전 신청 하러 가기>포뮬레이터 포털 링크: https://f_portal.fleta.io<문의사항>플레타 카카오톡 커뮤니티: https://open.kakao.com/o/gDDjvgN플레타 텔레그램 커뮤니티: https://t.me/FLETAKoreanGroup포뮬레이터 및 지분 위임 사전 신청 가이드 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 23
Pre-mining Registration for...
**Check how Alpha, Sigma and Omega Formulators are different!**1. Registration PeriodSuper Early-bird Registration: 21 June 2019 (Fri), 16:00 KST — 26 June 2019 (Wed), 23:59 KSTEarly-bird Registration: 27 June 2019 (Thu), 16:00 KST — 19 July 2019 (Fri), 23:59 KST2. Expected Start Date of FLETA Token MiningMon, 22 July 2019, 14:00 KST (Time can be changed.)3–1. Pre-mining Registration Process | General FormulatorVisit FLETA Formulator Portal: https://f_portal.fleta.ioSign up for the portal: your email, password and FLETA token wallet address (Your FLETA ERC20 token wallet should have sufficient FLETA tokens to be locked for creating and running your own node.)Log In — My Page — Click ‘Add Formulator / Delegate My Tokens’Click ‘Sign up for General Formulator’Assign your Formulator name and click ‘Register’Deposit the FLETA Tokens (minimum 200,000 FLETAs) to the displayed ‘Deposit Address’ to complete the pre-mining registration. (Transaction fee may occur to transfer FLETA tokens. Please send the exact amount of FLETA tokens after paying transaction fees.)3–2. Pre-mining Registration Process | Delegator➚ Commission rate of Validators to be announced on 15 July 2019➚ Choose a Validator from 15 to 19 July 2019○ FLETA Formulator PortalVisit FLETA Formulator PortalSign up for the portal: your email, password and FLETA token wallet address (Your FLETA ERC20 token wallet should have sufficient FLETA tokens to be locked for creating and running your own node.)Log In — My Page — Click ‘Add Formulator / Delegate My Tokens’Click ‘Delegate My Tokens’Deposit the FLETA Tokens (minimum 100 FLETAs) to the displayed ‘FLETA Token Deposit Address for Delegation to GDAC’ to complete the pre-mining registration.(Transaction fee may occur to transfer FLETA tokens. Please send the exact amount of FLETA tokens after paying transaction fees.)Click ‘Register’○ GDAC Website(The account registration for FLETA Formulator Portal is not required.)Visit the GDAC website: https://www.gdac.comSign in to GDAC account (If you do not have the GDAC account, sign up for GDAC first.)Click ‘FLETA will be Listed! Super Early-bird airdrop Event’Complete the fieldsEmail: Email address for your GDAC accountGDAC UID: To find GDAC UID, sign in to your GDAC account on the GDAC and find the information on the ‘Account’.FLETA Token Wallet Address on GDAC: To find the wallet information, 1) sign in to your GDAC on the GDAC; 2) click the ‘Wallet’ tab; 3) copy the ‘Deposit Address’ of ‘FLETA Wallet’; and 4) paste the address on the page of FLETA Formulator Portal.Locked Amount: Enter the number of tokens you want to delegate6. Click ‘Register’4. Cancellation PolicyCancellations of Super Early-bird/Early-bird registration for pre-mining will be available from 22 July 2019, 11:00 KST.Unstake Period: 15 days from the day of cancellation requestedPre-mining Registration for General Formulator & Delegator was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 20
FLETA 조기 채굴 & 지분위임 신청 방법
[ 조기 채굴 & 지분 위임 신청 방법 및 혜택 ]**제너럴 포뮬레이터 등급 별 채굴 효율 비교하기**1. 접수 일정슈퍼 얼리버드 신청(Super Early-bird Registration): 6월 21일(금) 16:00 KST — 6월 26일(수) 23:59 KST얼리버드 신청(Early-bird Registration): 6월 27일(목) 16:00 KST — 7월 19일(금) 23:59 KST2. 플레타 코인 채굴 시작 예정 일정7월 22일(월), 14:00 KST (시간은 변경될 수 있음)3–1. 조기 채굴 등록 방법 | 일반 포뮬레이터플레타 포뮬레이터 포털 접속(접속링크 조기 채굴 등록 시작일 공개)회원가입 (Sign Up) : 이메일, 패스워드, FLETA 토큰 보유중인 지갑 주소 기입(지갑 내에는 포뮬레이터 생성을 위해 락업할 수 있을 만큼 충분한 수량의 FLETA 토큰이 보유되어 있어야 합니다.)로그인 후 마이페이지의 ‘포뮬레이터 추가하기/위임인 참여하기’ 버튼클릭‘일반 포뮬레이터 신청하기’ 버튼 클릭포뮬레이터 이름 설정 후 ‘등록’ 버튼 클릭각 개인에게 할당된 포뮬레이터 지갑 주소로 원하는 수량의 FLETA 토큰을 보내면 포뮬레이터 사전 신청 완료(송금 수수료는 송금자 부담 입니다. 송금 시, 수수료를 제한 뒤, 정확한 플레타 토큰 수량을 입금 바랍니다.)3–2. 조기 채굴 등록 방법 | 지분 위임➚ 각 검증인의 수수료 정책 공개 일정: 2019년 7월 15일➚ 위임인의 검증인 선택 기간 : 2019년 7월 15일 — 2019년 7월 19일***플레타 포뮬레이터 포털플레타 포뮬레이터에 포털접속(접속링크 조기 채굴 등록 시작일 공개)회원가입 (Sign Up) : 이메일, 패스워드, FLETA 토큰 보유중인 지갑 주소 기입로그인 후 마이페이지의 ‘포뮬레이터 추가하기/위임인 참여하기’ 버튼 클릭화면 하단의 ‘위임인 신청하기’ 버튼 클릭화면 하단의 FLETA 위임용 입금 주소로 원하는 수량의 FLETA 토큰 송금(송금 수수료는 송금자 부담 입니다. 송금 시, 수수료를 제한 뒤, 정확한 플레타 토큰 수량을 입금 바랍니다.)정보 기입 후 ‘등록’ 버튼 클릭GDAC 홈페이지 (플레타 포뮬레이터 포털 회원 가입이 필요 없음)GDAC 홈페이지(https://www.gdac.com/) 접속GDAC 계정 로그인 (GDAC 회원계정이 없을 시, 회원 가입 후 로그인 진행)‘FLETA 최초상장! 쏟아지는 에어드랍을 잡아라!’ 링크 클릭사용자 정보 기입이메일: GDAC 회원 가입 시 입력한 이메일GDAC UID: GDAC 홈페이지 내 ‘내 설정’ — ‘계정 관리’에서 UID 확인 가능GDAC의 FLETA 토큰 입금 주소: GDAC 홈페이지 내 ‘지갑’ — ‘FLETA 지갑 주소’ 복사 후, 입력락업 수량: 위임할 토큰 수량 입력5. 화면 하단의 위임용 입금 주소로 신청 수량에 맞추어 FLETA 토큰 송금 (송금 수수료는 송금자 부담 입니다. 송금 시, 수수료를 제한 뒤, 정확한 플레타 토큰 수량을 입금 바랍니다.)6. 정보 기입 후 ‘등록’ 버튼 클릭4. 신청 취소 정책포뮬레이터 & 지분 위임 사전 신청한 경우, 신청한 사이트에서 채굴 시작일인 7월 22일(월), 11:00 KST 부터 신청 취소 가능락업 된 토큰은 신청일로부터 15일 이후 락업 해제FLETA 조기 채굴 & 지분위임 신청 방법 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 20
FLETA — Projects Collaborat...
FLETA — Projects Collaborating With GovernmentBlockchain technology and cryptocurrencies have taken the world by storm. While we may not usually register “cryptocurrencies” and “governments” together in a positive way, the truth is that there are several instances of crypto projects out there who are working in close collaboration with government. In this article, we are going to be looking into three such examples.Cardano with Ethiopia and MongoliaCardano and EthiopiaAs per Forbes, Charles Hoskinson, founder of Cardano (ADA) and CEO of IOHK, announced the launch of Atala, an enterprise blockchain framework which will also help build real-world use cases such as property registration, supply chain management, voting systems, and cryptocurrency adoption.Atala will first be used in collaboration with the government of Ethiopia to develop a new cryptocurrency for the Ethiopian capital, Addis Ababa, which will provide a secure and dependable means of payment.Hoskinson said:“We are working with the Ethiopian government to create a new digital payments system that will allow six million users to pay their power and electric bills with cryptocurrency. We want to eventually combine this with an identity card.”Atala and Blockchain InteroperabilityAtala also plans on solving the problem of blockchain interoperability to help in the mass adoption of blockchain technology. Hoskinson provided the following example to show how interoperability can help out. Suppose there are 15 million farmers in Ethiopia, and none of them have the desire to use cryptocurrency. However, if they get on a blockchain-based supply chain network which is interoperable with Cardano, the adoption of a Cardano cryptocurrency to 15 million people would come naturally.Cardano and MongoliaCardano disclosed on Twitter that Input Output Hong Kong (IOHK) had inked an MoU with Mongolian Blockchain Technology. The deal took place in Mongolia at the Frontier Blockchain Summit which was launched by the country’s Foreign Affairs minister Damdin Tsogtbataar. Hoskinson and Tsogtbaatar have been interacting with since September 2018 to introduce blockchain technology in the country.Cardano will be helping Mongolia track counterfeited or adulterated drugs. As Hoskinson puts it:“We’re going to talk about problems like 18% of the medicine [in Mongolia] is counterfeited or adulterated and 40% in the rural areas is counterfeited or adulterated. So how do you put a traceability program like what pharma trust has done? We’re talking about the fact that 93% of the people here have some access to mobile banking and 30% receive government disbursements, [but at] enormous costs.”MakerDAO with South KoreaMakerDAO is partnering up with VANTA and Glosfer to collaborate with local South Korean governments to help with their cities’ local currencies into cryptocurrencies.Many Korean cities have issued their own local currencies to boost their local economies and preserve local capital. However, many of these cities have looked into cryptos as an alternative to leverage its transparency and security.Glosfer is a leading blockchain technology and services company in Korea. Back in January 2018, they collaborated with Nowon-gu, a residential district of Seoul, to create Nowon Coin, which was the first local cryptocurrency in the world.VANTA Network is creating more use cases for such local cryptocurrencies:“VANTA Network will provide API, which will be used by small business owners and enterprises to easily connect with their local community. Using VANTA’s API will create opportunities for marketing, and a portal for sending/receiving data while drastically reducing service fees.”So what is MakerDAO’s role in all this?They will allow service providers like VANTA to swap received local cryptocurrencies with their stablecoin Dai. This will protect service providers from large volatility in price. Besides, Dai’s global presence and usage help the service providers to turn Dai into cash or other use cases more efficiently.ICON and South KoreaICON is one of the most important blockchain interoperability projects in the world. At the Blockchain International Digital Festival, which was hosted by the Seoul Metropolitan Government, ICON revealed three projects which will help the citizens of Seoul:ICON Blockchain Identification CardICON Blockchain VoteICON Blockchain S-Coin PaymentsICON Blockchain Identification Card: This will allow Seoul’s citizens to have a blockchain-based identity. The reason why this is significant is that it will prevent any forms of identity theft.ICON Blockchain Vote: The creation of the Blockchain ID Card would enable the user to access ICON’s voting system. The users who use ICON’s voting system to vote would be rewarded in S-Coin, which is pegged 1:1 with the Korean Won.ICON Blockchain S-Coin Payments: This will enable users to transact cash-free and quickly.ConclusionIt is a fallacy to say that crypto projects and governments don’t get along. As we have seen above, both of these parties can gain a lot of value from each other. If more governments choose to enter into a synergistic working relationship with crypto projects, then we will see crypto/blockchain adoption go through the roof.FLETA — Projects Collaborating With Government was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 18
FLETA Ecosystem Enhanced: V...
FLETA Ecosystem Enhanced: Validators and Delegators of Hyper FormulatorOperators of General Formulators and Validators of Hyper Formulators are the main contributors to the FLETA mining ecosystem.FLETA technology aims to make blockchain be adopted in real-world businesses where the technology improves efficiency and effectiveness of the business. For this, it is important that more developers and companies can develop their services stably and efficiently based on our technologies, with their trusts on our ecosystem. In this regard, we recently added Hyper Formulators in addition to the General Formulator programme.What Validators DoGeneral Formulators are run on the FLETA’s cloud server, but Hyper Formulators are operated on Validators’ own servers. Also, the Hyper Formulators should be set up and run on at least 8-core CPU (the mainnet level).One of the important roles of Validators is validating the FLETA blockchain. In the PoF, Observer Nodes validate blocks. Blocks confirmed by the Observer Nodes are validated again on outer servers of Hyper Formulators. That is, the credibility of FLETA data will be enforced.As we prepare Hyper Formulators, FLETA invited Validators who believe in our vision and are able to foster our ecosystem together. Validators will play a significant role in creating the most proper governance which will be a great help in FLETA’s sustainable growth.Who Are Delegators?Another participants of Hyper Formulators are Delegators. Delegator is for our ecosystem participants who want to contribute to creating proper governance and enhancing FLETA’s ecosystem, but hard to run nodes. Delegators can delegate their tokens to trustworthy Validators and receive block rewards promised by Validators. By doing so, they contribute to making the FLETA ecosystem more active.How to Join Validators and Delegators of Hyper FormulatorsValidators should have at least 8-core CPU and 5,000,000 FLETA tokens. Since Validators take a great part in the FLETA economy and its performance, FLETA invites Validators through its screening process. Let’s say an Alpha Formulator presents 1 mining efficiency, one Hyper Formulator projects 1.3 higher mining efficiencies which are as same as one Omega Formulator. Also, Validators do not need to run General Formulators at least two months — one month for running four Alpha Formulators and another one month for running two Sigma Formulators — to reach to one Omega Formulator. That is, as soon as a Validator join our ecosystem, they can run the highest performance level of Formulator.Join as a Delegator is relatively easy. To join as a Delegator, all you need to do is delegating a minimum 100 FLETA tokens to the Validator whom you trust the most. After delegating your tokens, you can receive block rewards that your Validator promises and the Validator’s commissions excluded. When Delegators choose Validators, the commission rate and the Validators’ credibility will be keys to make their decisions.[Summary of FLETA Formulators]***FLETA ChannelsFLETA Official Website: https://fleta.ioFLETA Official Telegram: https://t.me/FLETAofficialGroupFLETA Official Twitter: https://twitter.com/fletachainFLETA Official Reddit: https://www.reddit.com/r/fletachain/FLETA Ecosystem Enhanced: Validators and Delegators was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 14
PoF and Formulator: How FLE...
PoF(Proof-of-Formulation): FLETA’s Own Consensus AlgorithmPoF, FLETA’s own consensus algorithm, does not require enormous computing power like PoW. It is also different from DPoS, where only elected delegates can participate in mining.A Formulator is a mining node of FLETA. All Formulators participate in mining once per Phase according to a designated rank. Once the whole Formulators have participated in the mining, a new phase starts. That is, Formulator that first created a block at the Phase-1 can be the first or the last at the Phase-2. The rank is set randomly by changing each Formulator’s hash value into a number through a certain mathematical formula. There is no rule in the setting of the rank and the formula changes in every phase, so it is actually impossible to predict the rank.It may seem inefficient that all Formulators participate in the mining. However, FLETA’s block time is only 0.5 seconds, and each mining creates 8 blocks. So, it takes only four seconds per mining. Pretend there are 1,000 Formulators. If these 1,000 Formulators participate in mining, it takes about 4,000 seconds or 66 minutes — 1,000 Formulators x 4 seconds (8 blocks x 0.5 seconds). Moreover, in the FLETA’s mining ecosystem, blocks are instantly confirmed through Observer Nodes. Among five Observer Nodes, three of them should validate the blocks immediately after generating the blocks, which enables the blocks to be disseminated quickly.PoF is a new consensus algorithm that does not only maintain the outstanding performance of the chain but also improves the vulnerability of its security.Types of FormulatorsFormulator is a mining node of PoF(Proof-of-Formulation), FLETA’s consensus algorithm. It can be categorized into General Formulator and Hyper Formulator. General Formulator has three levels: Alpha, Sigma and Omega. Hyper Formulator’s participants consist of Validators and Delegators.It’s Easy to Run General FormulatorsAnyone who wants to run mining nodes can easily create Formulators and participate in FLETA token mining. To create one General Formulator, he/she signs in to FLETA Formulator Portal first, stake 200,000 FLETA tokens.After creating a General Formulator, to run the Formulator, he/she should pay a server maintenance fee every month (USD 120/month excl. VAT), because General Formulators are generated and operated in a cloud network of FLETA. This means the operator of Formulator do not need to set up and operate a server by him/herself. If the fee is paid with FLETA tokens, 20% discounts are applied.Upgradable General FormulatorsAs we mentioned above, General Formulators can be categorized into three levels by each category’s performances. At first, you can start with Alpha Formulator, a basic level Formulator created after locking up 200,000 FLETA tokens.After running four Alpha Formulators at a minimum of 30 days, operators can upgrade their Formulators to one Sigma Formulator, which projects 1.15 times higher performance than Alpha Formulators. Of course, the reward rate of the Sigma Formulator is also 1.15 times higher than that of Alpha Formulator. Also, the monthly maintenance fee of running one Sigma Formulator is lower than running four Alpha Formulators.Likewise, if Sigma Formulator operators have run two of them at least for 30 days, they can upgrade their Sigma Formulators to one Omega Formulator. Omega Formulator has 1.3 times greater performance efficiency and reward rate than Alpha Formulator and its monthly server maintenance fee is cheaper than running two Sigma Formulators.To sum up, you may lock up the same amount of FLETA tokens, but Sigma and Omega Formulators have greater efficiency at a lower cost according to their levels. You can upgrade your Formulators on the FLETA Formulator Portal.[Alpha, Sigma and Omega Formulator of General Formulator]FLETA technology aims to make blockchain be used in real-world businesses where the technology improves efficiency and effectiveness of the business. For this, it is important that more developers and companies can develop their services stably and efficiently based on our technologies, with their trusts on our ecosystem. In this regard, we recently added Hyper Formulators in addition to the General Formulator programme.For more information on Hyper Formulators, please click here!***FLETA ChannelsFLETA Official Website: https://fleta.ioFLETA Official Telegram: https://t.me/FLETAofficialGroupFLETA Official Twitter: https://twitter.com/fletachainFLETA Official Reddit: https://www.reddit.com/r/fletachain/PoF and Formulator: How FLETA Mining Ecosystem Works was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 14
하이퍼 포뮬레이터, 검증인과 위임인
포뮬레이터 운영자인 제너럴 포뮬레이터 운영자와 하이퍼 포뮬레이터의 검증인은 플레타 생태계의 핵심 기여자입니다. 이들이 운영하는 노드, 즉 포뮬레이터의 성능이 플레타 블록체인의 성능에 직접적으로 영향을 미칩니다.플레타는 블록체인이 실제로 사용이 될 수 있게끔 하는데 중점을 두고 있습니다. 더 많은 기업과 개발자가 안정적이고 효율적으로 플레타 블록체인을 기반으로 서비스를 개발할 수 있게 하기 위해 기존 포뮬레이터 프로그램에 하이퍼 포뮬레이터를 추가하게 되었습니다.1. 검증인의 역할제너럴 포뮬레이터는 플레타가 제공한 클라우드 서버 내에서 운영되지만, 하이퍼 포뮬레이터는 검증인의 자체 서버에서 운영이 됩니다. 또한, 검증인은 최소 8-core 이상의 CPU(메인넷 수준)에서 하이퍼 포뮬레이터를 운영해야 합니다. 뛰어난 성능의 CPU가 체인에 참여하는 만큼 플레타 네트워크의 성능이 높아지게 됩니다.검증인들의 중요한 역할 중 하나가 플레타 블록체인을 검증하는 역할을 하는 것입니다. PoF에서는 옵저버 노드(Observer Node)에서 검증의 과정을 처리 합니다. 옵저버 노드에서 검증이 된 블록은 하이퍼 포뮬레이터가 운영하는 외부 서버에서 다시 한번 검증의 과정을 거치게 됩니다. 그만큼 데이터 신뢰도가 강화되는 것이죠.플레타는 하이퍼 포뮬레이터를 추가 하면서 우리의 비전을 믿고 함께 생태계를 키워나갈 수 있는 분들을 검증인으로 모셨습니다. 검증인들은 플레타 생태계가 지속가능한 성장을 할 수 있도록 최적의 거버넌스를 구축하는데 큰 역할을 하게 됩니다.2. 위임인이란?하이퍼 포뮬레이터에서 또 다른 참여자는 위임인(Delegator) 입니다. 위임인은 플레타 네트워크 성능 향상과 올바른 거버넌스 구축에 기여를 하고 싶지만 노드 운영이 어려운 분들이 참여하실 수 있는 프로그램 입니다. 위임인들은 본인이 신뢰할 수 있는 검증인들에게 본인의 토큰을 위임해서 해당 검증인이 약속하는 보상을 받으며 플레타 생태계를 활성화시키는데 기여를 하게 됩니다.3. 하이퍼 포뮬레이터 검증인 & 위임인으로 플레타 생태계에 참여하기검증인은 우선 자체 서버와 8코어 이상의 CPU를 갖추고 5,000,000개의 플레타 토큰을 보유해야 합니다. 플레타는 체인의 성능은 물론 생태계 이코노미에 큰 역할을 하는만큼 허가제의 방식으로 검증인을 채택하고 있습니다. 검증인은 오메가 포뮬레이터와 마찬가지로 알파 포뮬레이터 대비 1.3배의 채굴 효율을 지니지만, 오메가 포뮬레이터를 구성하는데 필요한 두 달의 시간은 필요하지 않습니다. 즉, 검증인을 설정하는 즉시 가장 높은 등급의 효율로 채굴에 참여할 수 있습니다.위임인은 상대적으로 손쉽게 참여할 수 있습니다. 위임인은 본인이 가장 신뢰할 수 있는 검증인에게 최소 100개 이상의 플레타 토큰을 위임하면 됩니다. 위임인은 검증인에게 위임인이 보유한 토큰을 위임하고 일정량의 수수료를 제한 나머지를 블록 보상으로 받습니다. 위임인이 검증인을 선택할 때, 수수료 비율과 검증인의 신뢰도가 매우 높은 판단 기준이 될 것 입니다.[플레타 포뮬레이터 정리표]플레타 공식 웹사이트 : https://fleta.io/플레타 공식 텔레그램 : https://t.me/FLETAofficialGroup하이퍼 포뮬레이터, 검증인과 위임인 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 13
FLETA의 채굴노드, 포뮬레이터
1. 플레타의 자체 합의 알고리즘, PoF(Proof-of-Formulation)플레타가 자체 개발한 합의 알고리즘인 PoF는, PoW처럼 막대한 컴퓨팅 파워가 필요하지 않고, DPoS처럼 정해진 수임자들만 채굴에 참여하는 것도 아닙니다.모든 포뮬레이터(플레타의 채굴 노드)들은 정해진 순서에 의하여 1 페이즈(Phase) 당 1회씩 채굴에 참여합니다. 전체 포뮬레이터가 1회씩 채굴에 참여한 뒤엔 새로운 페이즈가 시작됩니다. 즉 페이즈-1에서 1순위로 블록을 생성한 포뮬레이터는 페이즈-2에는 1순위가 될 수도, 혹은 끝 순위가 될 수도 있습니다. 순위를 정할 때는 매 페이즈마다 갱신되는 포뮬레이터들의 해시(hash) 값을 일정 수식을 통해 숫자로 전환하여 무작위로 선정합니다. 해시 값은 매 페이즈마다 변경되고 순서에는 그 어떤 규칙도 없으므로 채굴 순서를 예측하는 것은 사실상 불가능합니다. 전체 포뮬레이터가 채굴에 참여하는 것이 비효율적으로 보일 수 있겠지만, 0.5초의 블록타임을 가진 플레타는 8,000명의 포뮬레이터가 있다고 가정할 때 모든 포뮬레이터가 1회씩 채굴에 참여하는데 드는 시간은 8,000명 X 0.5초로 총 4,000초, 약 66분에 불과합니다. 또한 옵저버 노드 5개 중 3개 이상의 검증을 통해 즉시 컨펌이 가능하므로 신속하게 블록을 전파할 수 있습니다.PoF는 체인의 뛰어난 성능을 유지하면서도 보안의 취약점을 개선한 새로운 구조의 합의 알고리즘입니다.2. 포뮬레이터의 종류포뮬레이터는 PoF(Proof-of-Formulation) 합의 알고리즘 상의 채굴 노드입니다. 크게 제너럴(General) 포뮬레이터와 하이퍼(Hyper) 포뮬레이터로 구분되며, 제너럴 포뮬레이터는 성능에 따라 알파(Alpha), 시그마(Sigma), 오메가(Omega) 포뮬레이터로 나뉩니다. 하이퍼 포뮬레이터는 검증인(Validator)과 위임인(Delegator)이 참여자로 구성되어 있습니다.3. 제너럴 포뮬레이터 운영채굴 노드를 운영하고자 하는 사람이 플레타 포뮬레이터 포털에 접속한 뒤, 200,000개의 플레타 토큰을 플레타 포뮬레이터 지갑으로 전송하여 락업한다면 누구나 쉽게 포뮬레이터를 구성하여 플레타 토큰 채굴에 참여할 수 있습니다.제너럴 포뮬레이터는 플레타가 제공하는 클라우드 네트워크 상에서 생성 및 운영이 됩니다. 즉, 제너럴 포뮬레이터 운영자가 채굴에 참여하기 위해서 자체 서버를 구축하지 않는 대신, 매달 USD 120 (원화 약 14만 원) 상당의 서버운영비를 납부하면 됩니다. 만약, 운영자가 서버 운영비를 플레타 토큰으로 지불한다면 20%의 할인을 받을 수 있습니다.4. 제너럴 포뮬레이터의 업그레이드앞서 말했듯이 제너럴 포뮬레이터는 노드 성능에 따라 세 가지 등급으로 구분되어 있습니다. 우선 200,000개의 플레타 토큰을 락업한 뒤 생성되는 기본 등급의 알파(Alpha) 포뮬레이터에서 시작됩니다.만약 알파 포뮬레이터 운영자가 4개의 알파 포뮬레이터를 최소 30일 이상 운영했을 경우, 알파 포뮬레이터 대비 1.15배의 효율을 내는 시그마(Sigma) 포뮬레이터로 업그레이드를 할 수 있습니다. 이 시그마 포뮬레이터는 높아진 효율만큼 1.15배의 보상율을 보유하고 있으며, 알파 포뮬레이터 4개를 운영했을 때보다 월 서버운영비가 낮습니다.또한 시그마 포뮬레이터 운영자가 2개의 시그마 포뮬레이터를 최소 30일 이상 운영했을 경우, 2개의 시그마 포뮬레이터를 1개의 오메가 포뮬레이터(Omega Formulator)로 업그레이드 할 수 있습니다. 오메가 포뮬레이터는 알파 포뮬레이터 대비 1.3배의 성능과 보상율을 보유하고 있으며, 시그마 포뮬레이터 2개를 운영했을 때보다 월 서버운영비가 낮습니다.즉, 동일한 플레타 토큰을 락업하지만, 시그마, 오메가 포뮬레이터는 점차 낮은 서버 이용료로 더 높은 효율과 보상율을 지니게 됩니다. 포뮬레이터 업그레이드는 플레타 포뮬레이터 포털에서 가능합니다.[포뮬레이터 등급별 비교표]**플레타는 블록체인이 실제로 사용이 될 수 있게끔 하는데 중점을 두고 있습니다. 더 많은 기업과 개발자가 안정적이고 효율적으로 플레타 블록체인을 기반으로 서비스를 개발할 수 있게 하기 위해 기존 포뮬레이터 프로그램에 하이퍼 포뮬레이터를 추가하게 되었습니다. 하이퍼 포뮬레이터에 대해서는 다음 글에서 자세히 기술하겠습니다**하이퍼 포뮬레이터 보러가기!플레타 공식 웹사이트 : https://fleta.io/플레타 공식 텔레그램 : https://t.me/FLETAofficialGroupFLETA의 채굴노드, 포뮬레이터 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 13
FLETA —Current Users’ Most...
FLETA —Current Users’ Most Favorite DAppsWhen Ethereum ushered in the Dapp-era and with the world losing their collective minds over initial coin offerings (ICOs), it was believed that DApps are going to be the future. However, after two years into this supposed “DApp era,” the response has been underwhelming, to say the least. DApps have struggled to gain a consistent user base and there are several reasons for that. In this article, we are going to look into this lack of adoption and what can be done about that.The current state of DAppsLet’s look at the state of the DApps in the current crypto space. We will be getting our data from Dapp Radar.Users in the last 24 hoursWe have three EOS DApps, one Tron and one Ethereum DApp in the top 5. So, what are the Dapps we have in the top 5?ENBank has been described as the “Chinese Pyramid Scheme” by Boxmining.PRA CandyBox is a token distribution dApp.TRONBet is a gambling DApp.EOS Knights is a gaming DApp.My Crypto Heroes is a gaming DApp.So, the conclusion that we can draw from this is that the only two DApps which managed to get more than 6,000 users are a pyramid scheme and a token distribution DApp.Transaction Volume in the last 24 hoursLet’s look at the DApps when it comes to transaction volume in the last 24 hours. In the top five, we have four gambling DApps and one exchange.Number of transactions in the last 24 hoursWhen it comes to the DApps with the most activity transaction wise, once again, we can see that all five belong to the gambling category.So, from the current state of DApps, there are some conclusions we can make:The adoption game isn’t going quite well. It’s rare of DApps to gain more than 10,000 daily users. The scary part is that 58% of the DApp projects have less than 50 daily active users and only 12% have more than 500 daily active users.The quality of DApps is not up to par at all. Mere gambling DApps and “Chinese pyramid schemes” doesn’t really scream “mainstream appeal.”We can’t blame the developers for the lack of quality DApps. The platforms available are simply not competent or efficient enough to host them. Its the equivalent of demanding GTA 5 on systems which can support Mario at best.In this article, let’s focus on the adoption problem. There are two main challenges that developers and users are facing on this regard:Lack of quality platforms.Lack of Abstraction.Lack of Quality PlatformsThe lack of scalable and development-friendly platforms are a huge problem. In other words, the current platforms are extremely expensive to develop on and they don’t have the architecture required to build DApps with mainstream capabilities. We have already covered this before which you can read here.Lack of AbstractionBefore we go any further, let’s understand what abstraction means. Abstraction is the property by which a user can interact with an entity without knowing any of its inner workings. Eg. You are probably reading this article on your laptop or smartphone. Do you need to understand the inner workings of your devices to interact with it in any way? Not at all. Modern laptops and smartphones are seminal pieces of beautiful abstraction.First things first, users are just not educated enough when it comes to the blockchain and the decentralized spaces as a whole. This is obvious after all, users are so used to centralized systems that they will need some time to adjust. This is not something that developers can help with, it will solve itself with time.So, what is in the hands of blockchain developers right now? The most important thing to improve is the poor user experience of the current platforms. Eg. in Ethereum-based games, users will need to consistently interact with web-wallets like MetaMask to pay the gas fees. This makes the user experience very bumpy and scares people off. Browsers like Opera and Brave are trying to provide solutions for better integrations between web browsers and cryptocurrency wallets.ConclusionThe current state of DApps is not at all ideal, however, the crypto space is working tirelessly to revert this situation. The biggest responsibility currently falls on the smart contract platforms. They need to create a platform which is fast, cheap, and can provide a good user experience. Once we see some progress in this regard, the responsibility will fall on the DApp developers to create DApps that people will actually want to use.FLETA —Current Users’ Most Favorite DApps was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 10
What makes FLETA so fast?
Scalability is a significant problem that the blockchain space needs to solve fast. It is not for nothing that scalability is often called the “holy grail” of the crypto space. The only way that the smart contract ecosystem can gain mainstream acceptance is developers continue to develop high-quality decentralized applications which people will want to use. Simple logic states that you can’t run advanced, highly-valuable applications on an outdated system. Think of playing Max Payne 3 on Windows 98!So, this is the situation where we stand at right now:The blockchain-space requires high-quality DApps to attract a mainstream audience.The current smart contract ecosystem is riddled with underperforming platforms.Let’s expand on the second point and look into one of the most infamous examples of a platform failing to adjust to its DApp’s demand.Ethereum and CryptokittiesCryptokitties is a gaming application built on the Ethereum blockchain. The game was a simple one where bred and nurtured digital cats. However, it became so popular that it had a proper shot at reaching mainstream popularity. Unfortunately, there was a major problem. Ethereum’s blockchain was simply not ready and scalable enough to handle this increased demand. As such, their systems got clogged up. The number of pending transactions increased exponentially:FLETA understands the importance of developers and users in their ecosystem. As a platform, it must provide an ecosystem where:Developers can freely create any kind of decentralized applications that they want without being hampered by the platform’s limitations.Any number of users can use these applications any time they want to.So, what can a platform do to provide such an ecosystem? While there are a lot of areas, the primary focus remains on scalability aka throughput aka speed. To calculate the speed of a smart contract platform, we use the unit “transactions per second” or “tps.”Comparing Transaction SpeedsFirstly, let’s look at traditional payment platforms and see how they do when it comes to transaction speeds. VISA can handle around 1,700 transactions per second, with a daily peak rate of 4,000 tps. Paypal, on the other hand, can do about 200 tps. These two are significantly faster than traditional platforms like Bitcoin and Ethereum, which can do 7 and 20 tps respectively.New generation blockchain platforms like EOS and Tron are much faster than their predecessors. EOS leverages their delegated proof-of-stake consensus mechanism to achieve a peak of 3,996 tps. Tron can consistently do 2,000 tps.So, how does FLETA measure up when it comes to pure speed and throughput? FLETA has achieved 15,000 transactions per second (tested and verified and is aiming to reach 20,000 tps.PlatformTransactions per SecondVisa = 1,700 tps (with a peak of 4,000 tps)Paypal = ~200 tpsBitcoin = 7 tpsEthereum = 15–20 tpsEOS = Peak of 3,996 tpsTron = 2,000 tpsFLETA = 15,000 tps (tried and tested)What makes FLETA so fast?FLETA has been designed from the very beginning to be extremely fast and have high security. There are two particular innovations which help FLETA achieve their incredible throughput:LEVEL Tree Validation.Block Redesign.LEVEL Tree ValidationIn traditional blockchains, the transactions/data is stored in the blocks in the form of a Merkle Tree. This is how a Merkle Tree looks like:In a Merkle tree, each non-leaf node is the hash of the values of their child nodes. (NOTE: The leaf nodes are the nodes in the lowest tier of the tree.) While Merkle Tree does significantly reduce the size of the data and makes mapping very convenient, the problem is that they are constantly undergoing a great deal of calculation.FLETA has adopted the LEVEL Tree validation. Using this method, they reduced the size of the tree, and the calculations required by 90%. This allows FLETA to carry out a high-quality transaction validation process with less data reception, concurrently increasing the speed of the process by more than five times.Block RedesignThe structure of an individual block is integral to determining the processing speed and storage capacity of that blockchain. This issue can be a pretty touchy subject. Just look at how Bitcoin split into Bitcoin and Bitcoin Cash, which in turn divided into Bitcoin ABC and Bitcoin SV, just because the community couldn’t come to a consensus regarding their preferred block size.So, how has FLETA redesigned the block structure?They reduced the block size by 43%.The reduced the size of the index, which is required for operations.Doing this had a two-fold advantage:The processing speed became 1.8 times faster.Data size got optimally reduced, making the structure more efficient.ConclusionFLETA is determined to be the ideal platform for DApp development. To that end, they have incorporated several exciting innovations and design choices to make sure that their platform is as scalable as possible. The very fact that they can do 15,000 tps and are looking to achieve 20,000 tps realistically should be tantalizing enough for the developers to choose FLETA as their platform of choice.What makes FLETA so fast? was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 06. 03
플레타 토큰 분배 이벤트
지속가능한 DApp 생태계를 위한 블록체인 플랫폼 플레타의 시작부터 저희를 지지해주신 커뮤니티 멤버, 파트너를 포함한 모든 분들께 감사의 말씀을 전합니다.플레타는 개발자들에게 가장 최적의 개발 인프라를 제공함으로써 블록체인 기술의 상용화를 앞당기는데 기여하고 있습니다. 지난 3월, 베타 테스트넷 운영을 통해 36개의 노드를 전세계 대륙에 나누어 설치.운영하며 6코어 CPU 기반 평균 10,000 TPS를 안정적으로 달성했고 독립 멀티체인, PoF의 옵저버 노드 등 우리의 자체 개발 기술이 원활히 구동되는 것을 확인했습니다.또한 블록체인 스타트업으로서는 유일하게 스위스컴(Swisscom), 볼보(Volvo), 보쉬 IoT 랩(Bosch IoT Lab), 스위스 철도청(SBB CFF) 등의 글로벌 회사와 함께 기업가 정신이 충만한 해커톤 스타트핵(START Hack)의 케이스 파트너로 참여하며 우리의 기술력을 증명하기도 했습니다.이제 거래소 상장과 메인넷 론칭이라는 또 다른 중요한 성장 발판을 준비하며, 저희를 지지해주셨던 커뮤니티 멤버들에게 토큰 분배를 시작한다는 기쁜 소식을 전하며 감사의 마음을 표하고자 합니다.FLETA의 토큰 이코노미저희는 플레타 토큰 홀더들에게 플레타 토큰 가치가 얼마나 큰 의미인지를 알고 있습니다. 그리고 이 가치를 최대한 높이고 유지하기 위해 언제나 최선을 다하고 있습니다.초기 프로젝트 시작 단계에서 산업 상황과 우리 사업 목표를 고려해 토큰 발행량을 20억 개로 확정했습니다. 리저브 펀드, 생태계 구축 등 각 카테고리 별 토큰량을 조정하고 사용 목적을 구체화시키며 플레타 토큰 경제 투명성을 높였습니다.저희 토큰 이코노미에 대한 자세한 내용은 아래 링크의 백서에서 확인하실 수 있습니다:플레타 비즈니스 백서: https://fleta.io/download/190426_Buisness_Whitepaper_EN_web.pdf토큰 분배 안내초기 투자자와 프라이빗 & 퍼블릭 세일 참여자들께는 KYC & AML 절차가 완료 되었으며, 2019년 5월 27일부터 토큰 분배가 진행될 예정입니다.그 외의 참여자들은 KYC & AML 절차를 거치신 후 토큰분배를 받으실 수 있습니다.플레타(FLETA Pte. Ltd)가 준수하는 싱가폴 법규에 의거 미국, 캐나다 및 중국인은 플레타 토큰을 수령/구매할 수 없습니다.플레타팀은 토큰 분배와 관련하여 따로 개별적으로 카카오톡 및 텔레그램 메시지를 DM으로 먼저 보내지 않습니다. 피싱 등 온라인 사기에 주의하시기 바랍니다.플레타 토큰 수령 방법분배 받으신 플레타 토큰은 ERC 20 토큰을 지원하는 개인 이더리움 지갑으로 수령해야 합니다.만약 토큰뱅크, 코인어스를 통해 세일에 참여하셨다면 참여 당시 입력한 개인 이더리움 지갑으로 자동 분배됩니다.그 외의 경우, ERC 20 토큰 홀더들이 가장 많이 사용하는 마이이더월렛(MyEtherWalltet; MEW)나 메타마스크(MetaMask)에 다음과 같이 FLETA 토큰을 추가하셔야 합니다:마이이더월렛(MyEtherWallet; MEW)에서 플레타 토큰 추가하기1) 마이이더월렛(https://www.myetherwallet.com/) 에 접속하여, ‘Access My Wallet’ 클릭2) ‘MEWconnect’를 클릭3) 어플을 다운로드하고 QR코드를 스캔4) 홈페이지 화면 우측 ‘+Custom Tokens’를 클릭5) 플레타 토큰 정보 입력Token Contract Address: 토큰 컨트랙트 주소: 0x7788D759F21F53533051A9AE657fA05A1E068fc6Token Symbol(토큰 기호): FLETADecimals of Precision(소수 자릿수): 186) FLETA 토큰 등록 확인2. 메타마스트(MetaMask)에서 플레타 토큰 추가하기1) 구글 크롬에서 메타마스크 홈페이지(https://metamask.io/)에 접속해 메타마스크 확장 프로그램을 설치2) 설치 후, 주소창 오른쪽에 위치한 여우 모양의 메타마스크 아이콘(확장 프로그램)을 클릭해 로그인3) 좌측 ‘메뉴’ 클릭4) 하단 ‘토큰 추가’ 클릭5) ‘사용자 정의 토큰’ 탭에서 플레타 토큰 정보 입력Token Contract Address: 토큰 컨트랙트 주소: 0x7788D759F21F53533051A9AE657fA05A1E068fc6Token Symbol(토큰 기호): FLETADecimals of Precision(소수 자릿수): 186) FLETA 토큰 추가FLETA의 다음 목표플레타는 최근 렛저(Ledger)와 업무 협력을 통해 렛저 볼트(Ledger Vault) 서비스로 토큰 관리 보안을 강화했습니다. 또한, 블록체인 보안 감사 회사 서틱(Certik)의 스마트 컨트랙트 보안 검증을 통과했으며, 앞으로 이 두 회사와는 지속적인 협력을 통해 플레타 플랫폼과 우리 DApp의 보안성을 강화할 예정입니다.현재 플레타는 오는 7월 메인넷 론칭을 목표로 하면서, 개발자와 이용자 친화적인 플랫폼 환경을 조성하고자 합니다. 이러한 우리의 기술과 인프라를 적극 활용해 DApp 개발자들이 실생활에 유용한 가치를 전달할 수 있는 비즈니스 모델 개발.출시를 위한 동력을 제공하는 것이 플레타의 목표입니다. 블록체인 원천 기술 보유 기업으로서 자부심과 사명감을 가지고 실생활에 적용될 블록체인 기술의 바탕이 되겠습니다.플레타는 언제나 최상의 거래소가 토큰의 미래 가치에 큰 영향을 준다는 것을 유념하고 이에 따라 최선을 다해 움직이고 있습니다. 곧 다가올 첫 상장부터 언제나 플레타의 가치를 최대한 높여주면서 플레타를 전격 지원할 수 있는 거래소와 협력할 예정입니다.FLETA 토큰 분배는 저희 여정의 기념비적인 과정입니다. 저희의 탄생부터 성장의 과정을 함께 하며 저희를 믿고 응원을 해주신 커뮤니티 멤버들께 감사 드립니다.앞으로도 저희가 대표적인 글로벌 블록체인 플랫폼으로서 생태계에 기여할 수 있도록 지속적인 관심을 부탁 드립니다.고맙습니다.플레타 팀 드림플레타 토큰 분배 이벤트 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 05. 27
FLETA Token Distribution Event
FLETA, the platform for sustainable DApp ecosystem, appreciates the continuous support from our community members and partners who have joined our journey from our very first beginning.FLETA is aiming to provide the most developer-friendly infrastructure to developers, which leads to blockchain adoptions in our everyday life. In March 2019, we launched the beta testnet running 36 nodes across the world and successfully achieved 10,000 TPS on average on 6 core CPU. We can also confirm that our core technologies including Independent Multi-chain Structure and PoF Observer Nodes are operating smoothly on the testnet.Along with our technology development, we have also enhanced our brand presence in a start-up and IT scene. FLETA participated in the START HACK, one of the most entrepreneurial hackathon, as a case partner and proved our technology capabilities. In this event, FLETA was the only blockchain startup among international corporates including Swisscom, Volvo, Bosch loT Lab, and SBB CFF.As we are preparing another important stepping stone for growth — exchange listing and mainnet launch — we would like to announce that we are ready for FLETA token distribution from today.FLETA Token EconomyWe understand that the value of FLETA token means a lot to our token holders. We have made and will make our full efforts to increase our token values as much as we can.Considering changes in the blockchain landscape and our business objectives, we decided to issue 2 billion FLETA tokens. We also specified the categories usage such as Reserve Fund, Ecosystem Building, and adjusting the number of tokens by the categories, in order to increase the transparency of our token economy.For more details on the FLETA token economy, please refer to our latest version of business whitepaper: https://fleta.io/download/190426_Buisness_Whitepaper_EN_web.pdfToken Distribution GuidanceWe completed KYC & AML procedures for early-stage investors and private & public sale participants; we will conduct the FLETA token distribution to these investors from 27 May 2019.We are going to distribute FLETA tokens to the participants of our airdrop events and bounty campaigns after the KYC & AML processes:As per the regulatory compliance of Singapore, FLETA Pte. Ltd. are prohibited from distributing FLETA tokens to the citizens of the U.S, Canada, and China.FLETA team never directly contact or DM our community member. We do not send out a personal message via email, Kakao Talk or Telegram messages. Please be aware of scams and phishing.How to Receive FLETA TokensFLETA tokens are issued based on Ethereum for now and our token swaps to the FLETA-based tokens will be conducted after our mainnet launch. You can receive your FLETA tokens to your public Ethereum Wallet address with which were provided us during the KYC, and supports ERC20 tokens.If you participated in our token sales through TokenBank or CoinUs, the FLETA tokens will be automatically distributed to your personal Ethereum wallet which you registered at the time of participation.Otherwise, add FLETA to the MyEtherWaltet(MEW) or MetaMask, one of the most popular ERC 20 token wallets. Please refer to the following instructions to add the FLETA tokens:Add FLETA Token to MyEtherWallet(MEW)1) Go to MyEtherWallet(https://www.myetherwallet.com/) and click on ‘Access My Wallet.’2) Click ‘MEWconnect’.3) Download the app and scan the QR code.4) Click ‘+Custom Tokens’ on the right side of the website.5) Enter the following information as shown below:Token Contract Address: 0x7788D759F21F53533051A9AE657fA05A1E068fc6Token Symbol: FLETADecimals of Precision: 186) You can see FLETA on the list!2. Add FLETA Token to METAMASK1) Visit METAMASK(https://metamask.io) with Google Chrome and install METAMASK extension program.2) After installation, click the fox icon on the right corner of the screen (METAMASK extension program) to log in.3) Click the menu on the left.4) Click on ‘Add token’ on the bottom.5) Click ‘Custom Token’ tab and enter the following information:Token Contract Address: 0x7788D759F21F53533051A9AE657fA05A1E068fc6Token Symbol: FLETADecimals of Precision: 186) Click ‘Add Tokens’ and you can see FLETA in your METAMASK wallet.Next Step of FLETAFLETA recently has signed the partnership with Ledger to manage our tokens with enhanced security capabilities through Ledger Vault service. We also achieved a quite high score of smart contract security from the leading blockchain audit firm Certik. Beginning with this cooperation, we will continuously cooperate with leading companies to enhance security capabilities of FLETA platform and our DApps.While we are planning to launch our mainnet in July, we aim to create the developer-friendly and user-friendly environments. Because our ultimate goal is to let developers create and execute their business models which deliver positive values to our real-life, fully utilising the FLETA platform. As a blockchain company with our own core technologies, FLETA will do best to be a core infrastructure for blockchain technology in our everyday life.We are fully aware that where our tokens are listed is highly related to the future value of FLETA tokens. Thus, from our first exchange listing, we will closely work with exchanges that can enhance not only our values but also our ecosystem.The distribution of FLETA tokens is a monumental moment of our journey. Thank you to all the community members who have trusted and supported us since the FLETA’s foundation.We look forward to your continuous support for us to contribute to this blockchain ecosystem as a leading global blockchain platform.Best regards,FLETA TeamFLETA Token Distribution Event was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 05. 27
FLETA — Providing Blockchai...
FLETA — Providing Blockchain as a Service — Part.2The Blockchain-as-a-Service (BaaS) model is one of the most in-demand business models in the world right now. BaaS vendors provide services like user authentication, database management, remote updating, and push notifications (for mobile apps), cloud storage, and hosting. Several companies have started providing BaaS services like Microsoft with Azure and R3. In this article, we are going to see how companies benefited from the incorporation of BaaS and how FLETA is looking to revolutionize this space with their Gateway Protocol.Successful BaaS IntegrationsCase Study #1: 3M and AzureThe 3M Company is an American multinational conglomerate corporation operating in the fields of industry, worker safety, health care, and consumer goods. Since they are one of the major players in the pharmaceutical business, they are well aware of the “counterfeit medication” problem.When you look at a particular tablet, how do you know for sure that is made of the correct ingredients?As much as you would want to believe otherwise, the fact remains that the market is flooded with counterfeit pharmaceuticals. Oscar Naim, the Lead Software Architecture Specialist at 3M, says, “Counterfeit pharmaceuticals are a $200 billion problem that impacts bottom lines and threatens public safety.”To counter this problem, 3m turned to Microsoft Azure to boost their supply chain via blockchain integration. The company created a new solution concept, which uses blockchain on Azure with Azure SQL Database for storage.By leveraging the blockchain’s transparency, 3M will be saving huge amounts of time and money in tracking down counterfeit pharmaceuticals. As Naim puts it:“3M combined tamper-evident prototype labels with blockchain on Azure to create a label-as-a-service supply chain solution concept that can help identify counterfeits, protect business performance, and enhance consumer safety.”Case Study #2: 50 banks and R3 CordaA little over a week back, more than 50 banks, including ABN Amro, Standard Chartered, ING, got together and participated in tests of a trade finance application called Voltron. Voltron was developed by R3, using their Corda platform, and it creates a simulated letter of credit transactions.As per R3, the main aim behind Voltron’s creation is to improve “the trade finance process by simplifying letter of credit transactions to deliver speedy settlement times and resolution of discrepancies, as well as improved sanctions screening.”During the testing, the banks who were based across 27 countries, used Voltron to conduct processes which are traditionally paper-based and takes approximately 5–10 days. They found out that Voltron could process these transactions within 24 hours, saving a humongous amount of time and money. The trial was delivered on Microsoft’s Azure cloud platform in a collaboration between Bain, CryptoBLK, and R3.According to the test results, R3 found out that 96% of the trial participants concluded that Voltron would help them improve trade finance processes and reduce costs.Alfa Bank’s head of innovations, Denis Dodon, said, “Everything is done in the same interface, which is connected to all the workflow participants, information is shared instantly, what will significantly expedite the transaction, optimizing working with documents, which could be rectified in an instant way should there be any discrepancies identified.”As per R3, the most significant advantages of Voltron are:Higher speed: Voltron removes time-consuming reconciliation processes by providing a single, immutable record of a trade.More reliability.Cost-effectiveness.Reduction in fraud risk.R3 CEO David E. Rutter believes that Voltron, and the way banks came together to hold the trial, is a “step closer to shaping what the future of trade finance looks like.”FLETA and the Gateway ProtocolWe have talked about FLETA’s Gateway services in detail before, which you can read over here. FLETA’s Gateway system allows different projects to interact with each other. Its innate scalable architecture, which utilizes the novel Proof-of-Formulator consensus protocol assures high throughput and low latency. However, what is genuinely unique about FLETA’s Gateway is that it will permit all projects to use the FLETA service chain, which is both fast and cheap.Let’s do a quick overview of the advantages of FLETA’s Gateway Protocol:FLETA already utilizes a proven and fast consensus mechanism.FLETA’s service chain provides a BaaS service which is fast, cheap and is built on strong fundamentals.FLETA’s robust architecture and design (validator nodes) will help bring in added security to your project.Projects have the freedom to set the transactions for free so that users can use the chain without any expenses.ConclusionFLETA’s Gateway protocol provides a unique BaaS service, which is extremely fast and cheap for companies to use. We believe that by leveraging FLETA’s innate scalable architecture, the companies will receive a massive boost to their operations and functionality.FLETA — Providing Blockchain as a Service — Part.2 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 05. 22
FLETA — Blockchain Adoption
19. 05. 20
FLETA — Providing Blockchai...
FLETA — Providing Blockchain as a ServiceThe decentralized ecosystem can be extremely intimidating for a newcomer. Since the system and the innate philosophy is so different from what people are used to, it tends to have a huge barrier to entry. This is why many companies have adopted the Blockchain-as-a-Service (BaaS) model to help fledgling startups to gain a headstart. BaaS vendors provide services like user authentication, database management, remote updating, and push notifications (for mobile apps), cloud storage, and hosting.How does BAAS work?When you create a website for your business, you are just doing half the work. A website is useless if it’s not going to go online. So, to get your website online, you can take one of the following paths:You can choose to host the website from your computer or server. Since you will have to take care of all the maintenance work yourself, this method can be extremely time consuming and may move your focus away from other more urgent tasks.You can hire some staff members to take care of hosting for you. This can get very expensive. Not only will you have to pay your staff’s salary, but you will have to spend a lot of time looking for the right candidate. Worst case scenario, you may need to train someone from scratch.Finally, you can procure the services of an external web hosting provider like Amazon Web Services or HostGator. In exchange for a fee, they will take care of all the infrastructure and maintenance issues.BaaS works similar to the third option. They will take care of the backend blockchain-needs for you while you take care of the frontend. BaaS also takes care of additional services such as bandwidth management, proper allocation of resources, hosting requirements, and security features like the prevention of hacking attempts.Why is BaaS important?To understand the core importance of BaaS in this day and age, let’s make you understand the differences between vertical and horizontal innovation.Vertical innovation is innovation that is explicitly done in a particular field while horizontal innovation is something that can be adopted by everyone.E.g., Penicillin and Polio vaccine are both revolutionary innovations, however, they are specific to only one field, aka the medical field. This is why both penicillin and polio are vertical innovations.On the other hand, electricity and internet are examples of innovations that have been used across several fields and industries. Hence they belong to the “horizontal innovations” category.The blockchain technology is considered as the next great horizontal innovation. Many industries and sectors will benefit greatly from the blockchain’s properties, such as:A single entity does not own it, hence it is decentralized.The data is stored using strong cryptography which makes it immutable.The blockchain is transparent so one can track each data to its very origins if they wanted to.What this means is that it is a vital requirement for companies to find a way to either incorporate the blockchain or interact with other blockchain-based entities, if they want to survive in the industry. This is the fundamental reason why BaaS services are so important. They will help all these companies to evolve and adapt to a newer age.Many big and well-known companies have already started offering their BaaS services:Microsoft offers BaaS via their Azure platform.IBM has its own BaaS which is focused on private consortium blockchainsAmazon offers BaaS services.Oracle also offers blockchain cloud hosting.FLETA has also decided to throw their hat into this space with their BaaS services.FLETA’s BaaS ServicesWe have talked about FLETA’s Gateway services in detail before, which you can read over here. FLETA’s Gateway system allows different projects to interact with each other. Its proof-of-formulator consensus mechanism ensures that the system is scalable, has low latency, and high availability. However, the unique feature of the Gateway protocol is that it will allow any and all projects to use the FLETA service chain which is both fast and cheap. So, why should projects opt for FLETA’s Gateway BaaS protocol?FLETA already utilizes a proven and fast consensus mechanism.FLETA’s service chain provides a BaaS service which is fast, cheap and is built on strong fundamentals.FLETA’s robust architecture and design (validator nodes) will help bring in added security to your project.Projects have the freedom to set the transactions for free so that users can use the chain without any expenses.ConclusionWhether you have prepared for it or not, the blockchain technology is the future. Right now, it’s all about adapting or dying out. FLETA gives you a platform which has been practically tested to provide you with the best possible service for everything blockchain-related. Using the Gateway protocol will help your business to stay relevant and incorporate all the positive features of blockchain technology.FLETA — Providing Blockchain as a Service was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 05. 14
일본 블록체인 아이디어 공모전
일본 블록체인 아이디어 공모전 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 05. 09
How FLETA deals with Blockc...
Today we are going to tell you about blockchain bloating and how FLETA manages to fix it. So, what exactly do we mean by blockchain bloating? When the blocks in the blockchain are filled to the brim with data, so much so that there is a huge waiting line for impending transactions, then that chain is referred to as being bloated. So, before we look into the disadvantages of blockchain bloat, let’s look at the most famous real-world case of this issue.Ethereum and CryptokittiesCryptokitties is a gaming application built on the Ethereum blockchain. The game became extremely popular, in fact, it became a little too popular. Ethereum’s blockchain just wasn’t ready to take this load. Because of the increasing demand for the kitties, the number of unconfirmed transaction on the blockchain increased exponentially.Image Credit: QuartzBecause of this, Axiom aka the company behind Cryptokitties was forced to increase their birthing fees. This is what they said in their medium article:“The excitement and adoption we’ve seen this week have been overwhelming and we couldn’t be happier! However, the Ethereum network is completely full. The only way to keep CryptoKitties from lagging is to increase the gas prices so that all transactions can complete quickly. We know that increased prices will mean that some of you will need to slow down your breeding regimen, and we are incredibly disappointed by that. But who knows? Maybe this slowdown will just mean that you’ll love the Kitties you already have that much more”Cryptokitties taught us a precious lesson on the perils of blockchain bloating. It’s good to want an app that has the potential to go mainstream, but what’s the use if you don’t have the necessary architecture to handle this load?The Disadvantages of Blockchain BloatBlockchain bloat is both a negative sign and a positive sign. No, you didn’t misread that, there is indeed a silver lining in the cloud.The reason why blockchain bloat is considered to be a positive sign is that it shows that the blockchain is in demand and people are willing to transact with it. If your blockchain is bloaty, then it shows that people like what you have to offer and want more of it.Now, let’s move on to the negatives. What are the disadvantages of blockchain bloat?The transaction confirmation time shoots up. As we saw with cryptokitties, since the main blockchain is so clogged up, the transaction queue invariably increases.It takes a long time to synchronize the desktop wallet client with the blockchain network initially. When it comes to Bitcoin, the process can take days.Blockchain bloat also has an impact on transaction fees of the network. When there is such limited space in the blocks for the transactions, people will inevitably need to spike their transaction fees for miners to give them preferential treatment.Finally, and most importantly, dealing with blockchain bloat leads to incorporating different scaling techniques like sharding, plasma, lightning network, etc. Changing an existing and active blockchain architecture is extremely risky and may lead to irreversible damages down the line.How FLETA deals with Blockchain BloatFLETA’s team knew the perils of blockchain bloat and hence they designed it in a way which made sure that they could mitigate this problem for years to come. FLETA’s original architecture contains two anti-bloating designs:Parallel Sharding.Independent Multi-chain Structure.Sharding has been explored in detail here. In this article, we are going to be looking into FLETA’s Independent Multi-chain Structure.FLETA: Independent Multi-Chain StructureThe independent multi-chain structure is one of the five core design principles of FLETA that sets it apart from the rest. The idea behind its mechanism is pretty simple. The main blockchain should be as light and devoid of activity as possible.Each and every application built on FLETA gets its own dedicated subchain. On that subchain, they can define their unique in-app tokenomics and machinations, and it will have no impact whatsoever on the main FLETA chain. The advantage of this approach is two-fold:Firstly, the main blockchain is free of all the transactions taking place in the Dapps. So, if a Dapp does become mainstream, it won’t grind the main blockchain down.Secondly, if anything goes wrong with the Dapp, it won’t affect the main FLETA blockchain and vice-versa.Thirdly, DApps can select their desired consensus model. They aren’t required to follow FLETA’s consensus algorithm.ConclusionFLETA’s innate design provides a platform which can’t be hampered down by blockchain bloat/scalability issues. The independent multi-chain structure will encourage developers to create ambitious, large-scale Dapps which have the potential to go mainstream.How FLETA deals with Blockchain Bloat was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 05. 06
FLETA — What are Consensus ...
FLETA — What are Consensus Algorithms?FLETA aims to become the Google Android and Apple iOS of the blockchain market. It will deal with the existing problems of blockchains such as scalability, speed or decentralization and give developers a platform to create scalable and high-performing Dapps. FLETA is based on blockchain technology and the thing about the blockchain is that it is a wide-area network with no central authority figure.In a traditional centralized organization, all the decisions are taken by the leader or board of decision makers. This isn’t possible in a blockchain because a blockchain has no one defined “leader.” So, how does the blockchain network make decisions? How do things get done in a decentralized environment?The answer: Consensus MechanismsWhat are Consensus Mechanisms?Before we look into consensus mechanisms, let’s understand what consensus means. Consensus is a dynamic way of reaching agreement in a group. While voting settles for a majority rule without any thought for the feelings and well-being of the minority, a consensus, on the other hand, makes sure that an agreement is reached which could benefit the entire group as a whole.So, from an idealistic point of view, consensus can be used by a group of people scattered around the world to create a more equal and fair society. The method with which consensus is achieved is called “Consensus Mechanism.”Objectives of Consensus MechanismsLet’s look into the main objectives of consensus mechanisms. What should a good quality consensus mechanism do? Well, let’s go through them one-by-one:Agreement Seeking: Should give a result which helps in building agreement among the group.Collaborative: The mechanism should allow the participants to work together and put the best interest of the group first.Cooperative: All the participants shouldn’t put their own interests first and work as a team more than individuals.Egalitarian: A group trying to achieve consensus should be as egalitarian as possible. One vote will not be more or less valuable than another person’s vote and will carry equal weight.Inclusive: The process should include all the participants in the decision-making process. It shouldn’t be like normal voting where people don’t really feel like voting because they believe that their vote won’t have any weightage in the long run.Participatory: The consensus mechanism should be such that everyone should actively participate in the overall process.Alright, so that what consensus does, however, there is one more obstacle that needs to be overcome before creating a consensus mechanism for a blockchain system.What is the Byzantine Generals Problem?Ok so imagine that there is a group of Byzantine generals and they want to attack a city. They are facing two very distinct problems:The generals and their armies are very far apart so centralized authority is impossible, which makes coordinated attack very tough.The city has a vast army and the only way that they can win is if they all attack at once.So, to coordinate their attack, a messenger will take a message from one general and then run towards the next one. In the process, all the generals will get the information needed and can launch their attack. However, what happens if one of the generals happen to turn malicious? They can simply tamper the message before it goes out to the other generals.This has clear references to blockchain as well. The chain is a huge network; how can you possibly trust them? If you were sending someone 2 BTC from your wallet, how would you know for sure that someone in the network isn’t going to tamper with it and change 2 to 4 BTC?This is what a “Byzantine System” means. Answering the Byzantine Generals Problem means creating a system which is decentralized and will work even if some of the elements in the network turn malicious.Satoshi Nakamoto, the founder of Bitcoin, was able to answer this question by creating the proof-of-work consensus mechanism.What is Proof-of-Work?Proof-of-work(POW) is a method which uses the computational resources of the miners to solve cryptographically hard puzzles. To summarize the process, here is it how it works:The miners solve cryptographic puzzles to “mine” a block in order to add to the blockchain.This process requires an immense amount of energy and computational usage. The puzzles have been designed in a way which makes it hard and taxing on the system.When a miner solves the puzzle, they present their block to the network for verification.Verifying whether the block belongs to the chain or not is a straightforward process.Now, while POW did its job, it was extremely inefficient. It is a slow and cumbersome process since it needs a supermajority (>2/3rd) approval from the entire network.This is why, many modern smart contract platforms, like FLETA, EOS, and Cardano, are using a “leader-based” consensus model or delegated consensus. In delegated consensus, some members are chosen from the entire network via an election process. These members are in charge of the consensus mechanism. Since a relatively smaller set is in charge of the consensus as opposed to an entire network, leader-based mechanisms are considerably faster.FLETA’s Consensus MechanismFLETA’s consensus mechanism is called “Proof of Formulation” (POF) which has been explained clearly in this article.For now, instead of just running through POF again, let’s see how it measures up to EOS’ Delegated Proof of Stake (DPoS). DPoS is often regarded as the gold standard of leader-based consensus, so it makes sense to see how POF measures up against, seemingly, the best in the business.DPos vs PoFBlock TimeDPos : 0.5 SecondsPoF : 0.5 SecondsMinerDPoS : 21 Block ProducersPoF : All Formulator participates in the miningSecurityDPoS : Block Producers are in charge of the securityPoF : 5 Observer nodes are in charge of the security. They also prevent forks.Transaction SpeedDPoS : Till now has achieved a high of 3,996 transactions per second.PoF : Has achieved 15,000 transactions per second (tested and verified, aiming to reach 20,000 tps).FLETA — What are Consensus Algorithms? was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 04. 29
FLETA GATEWAY to interopera...
When people talk about the burning issues in the crypto ecosystem, they usually bring up two topics repeatedly:Scalability.Interoperability.The scalability issue has been discussed at length before, so today, we are going to focus on interoperability.What is Interoperability and why do we need it?In simple terms, interoperability is the ability of systems or software to exchange and make use of information among themselves. Interoperability has long been considered the hallmark of existing computer systems. Eg. You can open the same Microsoft Windows file on both Windows and Mac. Imagine how inconvenient it would have been if you were not allowed to do so.Interoperability in the blockchain spaceLet’s look at the state of the current ecosystem. We have a myriad of different blockchains out there. However, all these blockchains have formed decentralized silos within their own ecosystems. Eg. Suppose Alice has Ether and Bob has Bitcoin Cash, it is tough hard for them to transact with each other unless they go through an exchange. Similarly, it is near impossible for two Dapps belonging to two different platforms, say Ethereum and EOS, to interact with each other.So, if we were to quantify everything, why is it essential for the blockchain space to attain interoperability?Interoperability between different blockchain systems will create true decentralization and proper flow of tokens and data.You can observe and access information across various blockchain systems without interoperability.Will promote the development of more cross-chain projects and open up a whole new array of possibilities for innovation.Interoperability will also reduce exposure to centralized entities. As we have said before, the most common way for two tokens to interact with each other is through an exchange. Since a vast majority of exchanges are centralized, they become automatically vulnerable.Interoperability will also be critical in enriching a Dapp’s ecosystem with diverse functionality. Imagine a Dapp that can utilize the best functions of multiple smart contract platforms to leverage the best possible results.Now that we know why interoperability is important, let’s move on to the next point. How exactly do we implement interoperability?What is a Gateway?When it comes to telecommunications, a gateway is a piece of networking hardware that allows data to flow from one discrete network to another. What separates gateways from routers or switches is that they communicate using more than one protocol and can operate at any of the seven layers of the open systems interconnection model (OSI).So what is a blockchain gateway?A blockchain gateway is a software/node/platform which allows for the integrations of multiple blockchain networks. Think of them as a portal that will enable users to transition from one platform to another seamlessly. Because they serve such a critical function, the gateway needs to have high scalability, availability, robustness, manageability, and low latency.Along with this, there is one more area where gateways can be extremely helpful.Mainnet SwapsMany projects usually start out on a platform like Ethereum or Neo to use their token standards or as a way to gather funds, and to generate interest. When their mainnet is ready, they need to migrate their tokens from the existing platform to their new network. In the process, they need to move their existing tokens as well. This can be a precarious process and the time and money expenses are usually high.FLETA Gateway SystemFLETA provides a gateway system which users and projects can use to experience a seamless transition between various networks. FLETA’s novel proof-of-formulator consensus mechanism ensures that the system is scalable, has low latency, and high availability. FLETA’s gateway system will allow projects to use FLETA’s service chain which is both faster and cheaper. This gateway system will allow projects to stay in their mainnet while still using the original ERC-20 token for exchange purposes. This helps negate any risk that may come along with the token migration process. Plus, projects have the freedom to set the transactions for free so that users can use the chain without any expenses.ConclusionFLETA’s gateway system has been built to ensure interoperability between projects and to aid others during their mainnet swap. FLETA believes that this functionality will bring great utility into the blockchain. Seeing how scalability and interoperability are both significant needs of the hour, it is not hard to see why not.FLETA GATEWAY to interoperability was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 04. 25
FLETA — Fork Prevention
FLETA — Fork PreventionBefore we go any further, we want to make one thing very clear. Forks are not necessarily a bad thing. A high-performing platform should always continually evolve and update itself. To do so, it is necessary for a system to go through constant forks. The main problem lies with contentious hard forks which splits the community. So first, let’s look into how forks work, then we will see how contentious forks are extremely detrimental, and finally, we will look into how FLETA prevents controversial forks.What are Forks?A fork is a condition whereby the state of the blockchain diverges into chains where a part of the network has a different perspective on the history of transactions than a different part of the network. A fork can be achieved by a soft fork or a hard fork.What Is A Soft Fork?A soft-fork is a split in the blockchain which is still backward compatible with the original state of the blockchain. Think of MS Office. Even if you have built a document using Word 2007, you can still open it using Word 2005. Having said that, all the updates that you can enjoy in the newer version won’t be visible to you in the older version.What Is A Hard Fork?The hard-fork is not backward compatible with the original state of the blockchain. Once a system goes through a hard-fork, there is no going back. If you do not join the upgraded version of the blockchain then you do not get access to any of the new updates or interact with users of the new system whatsoever. Think PlayStation 3 and PlayStation 4. You can’t play PS3 games on PS4 and you can’t play PS4 games on PS3.Important Note: Suppose a cryptocurrency goes through a hard-fork and produces chain A and chain B. All the tokens in chain A will be duplicated in chain B. In essence, you are creating money out of thin air.Contentious Hard Forks and Community SplittingOne of the most important things for any blockchain projects is the strength of its community. A healthy community is a big indicator that people have faith in the project and that it increases the network strength and overall value. The main problem with contentious hard forks is that it splits the community. Let us give you an example with the whole Bitcoin-Bitcoin Cash-Bitcoin SV saga.Firstly, Bitcoin hard forked over the blocksize-SegWit debate and split into Bitcoin and Bitcoin Cash. Bitcoin Cash then split into Bitcoin Cash and Bitcoin SV. The Bitcoin Cash and Bitcoin SV split has been particularly ugly. It sparked the so-called, “hash wars.” Not only did this plunge the value of the assets but it also broke apart Bitcoin’s community.Long-term Effects of ForkingFirstly, where a new protocol breaks off from the original one, it dilutes the number of miners or validators available in each chain. Miners are needed because they provide the hash power necessary for the security and overall performance of the crypto asset. When a chain has low hash-rate, it can be easily taken over by the 51% attack. Bitcoin Gold, which is a hardfork of Bitcoin was taken over by the 51% attack.Secondly, it just floods the market with mostly useless\okens. As we have mentioned before, a hardfork in cryptocurrencies leads to a whole new bunch of tokens. With such a bloated supply, the demand for these tokens is bound to go down, which will affect its price. The crypto market is better off without these useless tokens.How FLETA avoids ForksIn FLETA’s Proof-of-Formulator system, there are two groups of actors — Formulators and Observers. Five observer nodes are assigned for each Formulator group. Three out of these five must sign off on a block for it to be confirmed. When two blocks of the same height go to the observers, the block that first gets the required number of majority signatures gets added to the blockchain. As such, FLETA’s efficient mechanism makes sure that there is no chance of a contentious hard fork. Plus, to disincentivize formulators from deviating from the normal protocol to serve their own selfish needs, they can be put to a stop via the Formulator Ban Protocol.FLETA — Fork Prevention was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 04. 24
FLETA — What is Sharding?
FLETA — What is Sharding?Sharding is one of the most exciting technologies being implemented by FLETA. To understand the importance of sharding, let’s give you a little overview of the state of blockchains as we know so far.Blockchains and ScalabilityWith the advent of Bitcoin, people around the world were introduced to Blockchain Technology. The promise of blockchain technology is groundbreaking. A distributed technology which makes sure that a system works honestly without needing to trust each individual component? That is seriously amazing. However, like with all technologies, there is an issue that needs to be addressed.The blockchain technology is not an inherently scalable solution. Scalability, in rough terms, means that a system should have high performance and speed even when more and more users start using it. The blockchain’s architecture doesn’t necessarily allow that.Leader-based consensus mechanismsSeveral modern blockchains like FLETA, EOS, Cardano, etc. have started using a leader-based consensus model. In it, specific “supernodes” are selected via a continuous election and these nodes are in-charge of decision-making within the ecosystem. Now, this does solve part of the scalability problem. While Ethereum can manage only 25 transactions per second, FLETA can do thousands of transactions per second.However, one more thing needed to be done to achieve true scalability.At FLETA, we realized that blockchain-based platforms are going to be the norm in the future. As such, just reducing the number of required validators isn’t enough. Integration of more parallelized task is necessary.Sequential vs ParallelizationTasks can be done in a sequential or a parallelized format. To understand the difference between the two, imagine that there are three tasks T1, T2, and T3. In sequential tasks, the nodes will deal with these tasks one at a time. In parallelized tasks, the nodes will divide themselves into three parties and each of those parties will take care of T1, T2, and T3 at the same time.Now, this brings us to the main topic.What is Sharding?Sharding is a term that has been taken from database systems. In a database, you sometimes have to deal with large bulky data. This dramatically hinders performance and throughput and it makes the entire process extremely inefficient.This is where sharding comes in.Sharding does a horizontal partition of your database and turns into smaller, more manageable tables.Kind of like this:So, why a horizontal partition and not a vertical partition?Consider this table:Now, if we were to partition this table vertically:See that?Because of the partition, the table turns into two completely different tables.As opposed to that, what happens when the table gets partitioned horizontally:Do you see what happens? When you vertically partition a table they tend to become two completely different tables altogether.However, if we were to partition them horizontally:See that?A horizontal partition turns the database into smaller tables of the same database. These smaller databases are called shards.How does Sharding Help Blockchain?As we have seen so far, as more and more nodes enter the Ethereum and Bitcoin ecosystem, the entire consensus and verification process takes even more time. Now, what will sharding do to help this?Sharding is going to break the global state of the blockchain into tinier more manageable shards.What happens on shard activation?The state gets split into shardsEvery single unique account is in one shard, and the accounts in that shard will only transact with the other accounts in the same shard.In simplistic terms, imagine this scenario. There is a hypothetical network with three nodes- A, B, and C and they have to verify data T. The data T is broken down into three shards T1, T2, and T3. Instead of all these nodes working on T as a whole, they can individually work on a shard at the same time. As you can see the amount of time you are saving is exponential.FLETA believes that by utilizing Proof-of-Formulation (POF) and sharding in conjunction, we will create a platform which is highly scalable and high-performing.FLETA — What is Sharding? was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 04. 22
FLETA — Global Outreach
FLETA — Global OutreachFLETA has worked tirelessly over the last year to create a global presence. In this article, we are going to give you an overview of the efforts we have taken to be a truly global company.FLETA in JapanFLETA has had a fruitful relationship with Japan so far:A Japanese Marketing firm named “Mashtake” expressed significant interest in FLETA’s technology. Mashtake later said that they would connect promising Japanese blockchain projects to FLETA’s DApp ecosystem.FLETA took part in the Japan X China Blockchain Exchange meetup and gave presentations on its technology and vision. They had a panel discussion with panel discussions with Japan’s key ministers and China’s blockchain experts and drew enthusiastic responses from the audience.Analysts from Accenture expressed keen interest in the PoF (Proof-of-Formulation) consensus model and independent muti-chain structure.FLETA signed an MOU with Ethereum based project CRYPTONINJA. CRYPTONINJA agreed to be part of FLETA’s DApp ecosystem through which it can solve price issues that arise during the gaming process and activate flexible smart-contract.Coin Tokyo, a renowned Japanese blockchain media company, also entered into a strategic partnership with FLETA. Two of the co-founders of Coin Tokyo, Akira Munekiyo and Yabo Cui, joined the FLETA team as advisors.FLETA in MaltaFLETA has made multiple business tours to Malta and achieved excellent results. Here is what FLETA has achieved in Malta so far:FLETA became an official partner in Asia of the Malta Blockchain Summit, and the first South Korean firm to a establish corporation Malta.Received positive response to build a strong network in the Maltese blockchain ecosystem.FLETA met the co-founder of “Caledo,” Dr. Abdalla Kablan, as well as the co-founder Dr. Ian Gauci. Dr. Abdalla is a senior technology advisor to the Maltese government. FLETA also received lots of legal advice from Dr. Ian Gauci and built a strong network with them. FLETA and Caledo signed a strategic partnership at their next visit.FLETA in China and Hong KongFLETA’s foray into China and Hong Kong are as follows:Chairman Thomas Luk, of the Chinese mining, crypto fund team CloudCoin, also showed a lot of interest in FLETA’s technology.FLETA and blockchain investment and consultation company C Block Capital signed an MOU. C Block Capital is a Hong Kong-based blockchain investment and consulting company.FLETA in ThailandFLETA attended the Beyond Blocks Summit in Bangkok, Thailand. FLETA was, in fact, a principal sponsor of the summit.The summit was attended by many Venture Capital Firms, DApp Developers, and Law Firms to name a few.FLETA and application security provider Entersoft signed an MOU together during the summit. The MOU with Entersoft will enable FLETA to take their security to another level. Entersoft is an Australian application security provider company founded in part by former military intelligence cybersecurity experts.FLETA and AARON System, a blockchain-based financial platform, finalized a mutual business development agreement on Oct 5th, 2018.FLETA in SwitzerlandFLETA met with Swisscom’s Blockchain operation division in Zurich. Swisscom is Switzerland’s largest communication company. Swisscom agreed to aid FLETA’s expansion into Europe.FLETA visited Switzerland’s Blockchain Herb Center “Trust Square,” and it was decided that they are going to be a cornerstone in FLETA’s further expansion in Europe.FLETA took part in the 4th edition of START Hack which has been described as the “most entrepreneurial” Hackathon in Europe. FLETA was one of the main case partners alongside Microsoft, Volvo, and Bosch.FLETA in SingaporeFLETA participated in Consensus, the world’s largest blockchain event.FLETA met many leaders of blockchain industry like ChangPeng Zhao, CEO of Binance, the world’s largest exchange.FLETA also met with Bitgosu Team of South Korea, including influencer Spunky, and discussed many tips and discussions for FLETA expanding internationally. Spunky said he wanted FLETA to be a blockchain project that represents Korea and would support it.FLETA met Buddy, the Poland-based company named one of Forbes’ top 10 blockchain companies to watch, in Singapore and discussed a future partnership.MongoliaFLETA co-hosted The UB UNCHAINED Conference in Mongolia with the Mongolia-based digital asset exchange platform Bit Mon Ex, the global exchange with one of the largest trading volumes in the United States Bittrex, The Business Council of Mongolia, and the Mongolian Blockchain and Cryptocurrency Association.FLETA and the Mongolia-based digital asset exchange platform Bit Mon Ex signed an MOU.OthersFLETA entered into a partnership with the decentralized development automation platform, Buddy.FLETA — Global Outreach was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 04. 19
FLETA Smart Contract Securi...
FLETA Smart Contract Security Verified by CertiKFLETA aims to provide the most developer-friendly blockchain infrastructure. It will deal with the existing problems of blockchains such as scalability, speed or decentralization and give developers a platform to create scalable and high-performing Dapps. As you can imagine, for a platform of this scale, we must do everything possible to make it work efficiently and securely. Decentralized platforms and applications usually deal with a lot of money and attackers can exploit the smallest of vulnerabilities in the backend. As history has taught us, this can lead to devastating consequences.The DAO AttackBack in 2016, the DAO was supposed touted as the Dapp that was going to make smart contract platforms mainstream. The idea was good and expectations were sky high. Unfortunately, there was a loophole in the DAO’s smart contract which a hacker exploited to siphon away $50 million worth of Ether. The after effects of this was devastating. The value of Ether plunged and the Ethereum community was split into Ethereum and Ethereum Classic. It is a testament to Ethereum’s developer community that they were able to bounce back from this setback.The Bane of Faulty Smart ContractsUnfortunately, there are many faults in smart contracts out there which are causing a host of issues:Firstly, as we have said, these contracts often deal with millions of dollars. Repeated hacking depletes the blockchain space of its finances.Secondly, developers work for days, weeks, and even months to put up a good quality product. A small loophole or bug can negate all the hard work they may have put in.Finally and most importantly, these repeated attacks decrease the credibility of the blockchain space and make mainstream adoption more difficult.At FLETA, we realized that we had the responsibility to our community and the crypto space in general, to provide a faultless, high-quality product. This is why we obtained CertiK’s services.What is CertiK?CertiK is one of the premier blockchain and smart contract verification platforms in the world. It was founded by former senior software engineers from Google and Facebook and formal verification experts from Yale and Columbia University. Instead of doing simple auditing CertiK does formal verification. Formal verification is a process which mathematically shows what a program does and how it acts out. For mission-critical programs like smart contracts, formal verification is an absolute necessity.CertiK has gained a lot of respect in the security industry. Binance Labs, DHVC, FBG Capital, Bitmain, and Lightspeed are just some of the companies that have invested in CertiK. On top of that, CertiK has also reached partnership agreements with exchanges like Binance, OKEx, and Huobi, as well as blockchain projects like NEO, ICON, and QuarkChain.CertiK’s FLETA ReportCertiK classifies the vulnerabilities they discover among the following categories:Critical: The code implementation doesn’t match the specification and vulnerabilities are severe enough to cause loss of funds for the contract owner or users.Medium: The code implementation does not match the speciﬁcation at a specific condition, or it could aﬀect the security standard by lost of access control.Low: The code implementation is not a best practice, or use a suboptimal design pattern, which may lead to a security vulnerability, but no concern found yetSo, what were CertiK’s conclusions after formally verifying FLETA’s source code? Based on their research, we are glad to announce that FLETA has no Critical, Medium, or Low-level vulnerabilities!ConclusionAs CertiK puts it in their FLETA report, “The goal of this security audit is to guarantee that the audited smart contracts are robust enough to avoid any potential security loopholes.” We are proud of putting up a platform that has been deemed safe by a company like CertiK. This should give our users more reassurance about the credibility and security of the FLETA platform.FLETA Smart Contract Security Verified by CertiK was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 04. 17
FLETA — State of DApps
FLETA — State of DAppsFLETA — State of DAppsIt won’t be an exaggeration to say that we have entered the era of decentralized applications aka DApps. The smart contract platform space is an extremely overcrowded space as it is. With so many viable contenders, the only way a true winner can emerge is by creating a healthy DApp ecosystem. The better the quality of DApps, the more users it will attract. The more users a DApp draws, the more the network’s value goes up.So, having said that, let’s look at the current DApp landscape. We will be comparing the three most popular DApp platforms — Ethereum, EOS, and, Tron.Top five Ethereum DApps by users in the last 24 hoursMy Crypto Heroes (Game) — 2.2k2. Playtowin.io (Gambling) — 1k3. IDEX (Exchange) — 850+4. ForkDelta (Exchange) — 650+5. FCK (Gambling) — 600+When it comes to the fives most popular DApps in the last 24 hours, there are three DApps which belongs to the “recreational category” (games and gambling) in the top 5. An important thing to note here. The most popular Dapp on Ethereum only managed to bring in 2.2k users while only two DApps got more than 1k users.Top five EOS DApps by users in the last 24 hoursToken Planet (Gambling) — 6.7k2. PRA CandyBox (Others) — 6.6k3. ENBank (Others) —6.2k4. EOS Knights (Games) — 5.7k5. Decentralized-Texas-Hold’em (Gambling) — 3.1kWhen it comes to users, EOS is definitely ruling the roost. Once again, we have three recreational Dapps (two gambling and one gaming) among the top 5 Dapps.Top five Tron DApps by users in the last 24 hoursTronOY (Gambling) — 5.2k2. TronBank (Others) — 3.8k3. p3t.network (Exchange) — 3.1k4. TronVegas (Gambling) — 3k5. TRXMarket (Exchange) — 2.9kTron has garnered a really impressive audience for their Dapps in a short amount of time. There are two recreational Dapps in the top 5. However, they owe their recent success purely to recreational Dapps.Between March 3–9, Tron completely dominated this space. Here are some of the numbers from that week:Tron Dapps experienced a 207% rise in weekly transaction volume with a total volume of $180 million which far exceeded that of EOS ($102 million) and Ethereum ($24 million).They acquired 33,000 new users, triggering a 64% growth.The three most popular Dapps which pulled in the most users that week were Epic Dragons, CrazyDogs, and TronGo. All three of them are recreational Dapps.Alright, now let’s combine these three platforms and see:The top 5 Dapps by users over the last 24 hours.The top 5 Dapps by transaction volume over the last week.Top five DApps by users in the last 24 hours (all platforms)Token Planet (EOS) — 6.7k2. PRA CandyBox (EOS) — 6.6k3. ENBank (EOS) — 6.2k4. EOS Knights (EOS) — 5.7k5. TronOY (Tron) — 5.2kAs of writing, EOS DApps are definitely ruling the roost when it comes to popularity. Note the complete absence of Ethereum. However, once again, note that 3 out of the top 5 DApps are recreation related.Now, let’s rank these Dapps via weekly transaction volume.Top five DApps by weekly transaction volume (all platforms)Zion.games (EOS) — $50.2 million weekly transaction volume2. TRONbet (Tron) — $38.9 million weekly transaction volume3. PokerEOS (EOS) — $14.2 million weekly transaction volume4. EOSJacks (EOS) — #11.6 million weekly transaction volume5. DooTron (Tron) — $7.7 million weekly transaction volumeWhen it comes to weekly transaction volume, the top five Dapps are all gambling DApps. These five Dapps had around 6k users in the past 24 hours and had a total of ~$122 million transaction volume last week.Outtakes from these observationsEthereum Dapps are currently as good as dead. They need to work on their scalability issues to get back into the Dapp game. In fact, according to this article, 93% of the Ethereum Dapps have had little to no transaction volume. This is especially damning when you keep in mind that Ethereum has a stronger developer community than all of its peers.Gambling and gaming DApps seems to the most popular Dapp categories. Gambling DApps appears to be enjoying the most transaction volume. Is there an oversaturation of these simplistic and replaceable gambling Dapps because there is a lack of a robust smart contract platform for developers?FLETA — State of DApps was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 04. 17
FLETA in Deconomy: Seoul 2019
FLETA aims to become the Google Android and Apple iOS of the blockchain market. It will deal with the existing problems of blockchains such as scalability, speed or decentralization and give developers a platform to create scalable and high-performing Dapps. One of FLETA’s primary goals is to be a truly global company. In a significant step towards fulfilling this goal, FLETA participated as an official sponsor of the Second Decentralized Economic Forum (Deconomy 2019) in Seoul, South Korea.What is Deconomy?In 2018 Deconomy had 2400+ attendees, 150+ companies and 80+ speakers. In 2019, Deconomy took their game to another level. The second chapter of Deconomy Seoul was held in Seoul, South Korea from April 4–5th, 2019. Global leaders from around the world gathered to discuss and present various topics related to cryptography, decentralized networks, economics, business, finance, law, etc. The two days included presentations, discussions, and networking parties. To give you an idea of how prominent this event is, here are some of the speakers who spoke during the event:Vitalik Buterin: The founder of Ethereum who spoke about Ethereum 2.0 and privacy.Nouriel Roubini: Famous crypto skeptic who is the Chairman of Roubini Macro Associates LLC.Changpeng “CZ” Zhao: CEO of Binance who spoke on centralized vs decentralized ecosystems.Richard G Brown: The CTO of R3 Corda spoke on enterprise blockchain and the future of interoperability.Joseph Lubin: Founder of ConsenSys spoke on the state of the blockchain ecosystem.Andreas M. Antonopoulos: Prominent crypto educator shared his thoughts on the Future of Programmable Money.Zooko Wilcox: The CEO of ZCash spoke on the recent advances in privacy.FLETA and DeconomyWhen it comes to a prominent event like Deconomy, sponsorship alone is hugely significant. The organizers carefully vet and judge the credibility of the projects which they deem worthy enough to be the event’s sponsors. FLETA got the honor of being a gold sponsor for the event alongside nine other companies/startups like Smart Valor, Circle, Sentinel Protocol, etc. FLETA also had their personal booth in the event.As speaker of the Startup Product Showcase, Bina Cho, the Director of Marketing Strategy at FLETA, spoke on behalf of the FLETA project. Her speech was extremely well-received and many participants visited FLETA’s booth to express their active interest in the project.Meeting up with Old FriendsFLETA’s partners from various countries also visited Seoul in time for Deconomy. Some of our partners who we had a pleasure to meet are:Akihisa Ishida, the Vice President of AVEX Tech.The Japanese Marketing firm, Mashtake.Unenburen Ulziiburen, the Chairman of Bit Mon Ex, the global cryptocurrency trading platform in Mongolia.Gantig Bayarmagnai, the CEO of Bit Mon Ex.Ian Gauci, attorney for blockchain regulatory affairs in the Malta government, and also co-chairman of Caledo Group.We are incredibly grateful to them for visiting our booth and delivering their message of support.ConclusionDeconomy 2019 was a fantastic opportunity for us to prove that FLETA has grown immensely when it comes to international recognition. During the event, we were also able to share our vision as a global blockchain platform that allows many DApps to operate with minimum hassles efficiently.FLETA in Deconomy: Seoul 2019 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 04. 15
FLETA City Simulation Versi...
We are excited to announce the launch of FLETA City Simulation Version 0.2! You can start playing the game right here.What is FLETA City?FLETA released the version 0.1 of FLETA City to give people a taste of the kind of Dapps that can run on the FLETA platform which was released along with their beta version. The game was playable on any web browser (preferably Google Chrome). Users can directly access it using their phone or laptop. The game got a positive response from their community and the leaderboard for version0.1 could be seen right here.What is different about FLETA v 0.2?The differences between the two versions can be divided into two categories:Addition of new advanced features.Changes in gameplay.Addition of new advanced featuresIn order to improve the overall gaming experience, FLETA has added a host of new features to the game.Firstly, the Map has doubled in size which will give users a lot more creative freedom and opportunities. A balance patch has been added to the system which balances the resources with their costs to make sure that an in-game supply-demand equation is kept. To gamify the system, even more, an EXP (experience points) system has been put into the game. This system will add a “user level system” in the game which will create competitiveness between the users and give them an added incentive to do better.During gameplay, users will notice coins appearing in random areas throughout your city. The users will need to collect these coins and the top 5 players who collect the most coins per day, will be awarded up to 5000 FLETA coins. This bounty has programmed to reset every 24 hours.Finally, all the latency issues and bugs that users noticed in version 0.1 have been fixed. Our developers have worked tirelessly, day in and day out, to make sure that you have the best experience possible while playing the game.Changes in GameplayUsers will have a total of 15 days to compete in the competition before the game closes and winners are announced. Each and every account will be allowed a total playing time of 5 days before the account gets suspended from playing any further. Your highest score at the time of account closing will be used for judging winners. Each and every user can create multiple accounts with the same personal Ethereum wallet address.The City that has been created the most strategic way will be deemed the winner. The winner will have the opportunity to win FLETA’s Special Formulator Node which is valued at close to $20,000 USD. Apart from the winner, the users who play FLETA City Simulation over the complete 15-day period will have the opportunity to win a share of a total prize pool of 1,000,000 FLETA tokens.ConclusionFLETA hopes that FLETA City version 0.2 will show you the quality of Dapps that can run on its network. Their Developers have worked tirelessly to give you a gaming experience which is fun, smooth, and seamless. Go ahead and create your account and start playing!You can also check each other's cities and your scores! Explorer linkFLETA City Simulation Version 0.2 was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 04. 09
FLETA — How to win the adop...
FLETA — How to win the adoption game?The “smart contract platform” space is crowded by a host of heavy hitters. So, how do we know which platform is going to win this war? How can we ensure that FLETA wins the adoption game?Lessons learned from CryptokittiesCryptokitties came out towards the end of 2017 and it completely blew up in popularity. In fact, cryptokitties was so popular that at one point, it was the third most gas hungry smart contract in Ethereum. That was when all the issues started coming up. Ethereum’s blockchain was simply not ready and scalable enough to handle the load. As such, their system got clogged up. The number of pending transactions increased exponentially:The entire cryptokitties episode taught us two very important lessons:People are willing to invest their time and money in a Dapp if they find it fascinating enough.The blockchains should be ready to handle this increase in load.Now, consider this.Cryptokitties is just a simple gaming Dapp. It wasn’t bringing something revolutionary into space. It is a simple recreational Dapp which allowed users to grow and breed their own kitties.Maybe this is exactly how we can win the adoption game?Let’s check out the top three Dapps on Ethereum, EOS, and Tron.Top thee Dapps on Ethereum, EOS, and TronSince mainstream adoption is all about Dapps which can attract the most users, we will rank the Dapps according to the number of users they have managed to attract in the last 24 hours.EthereumMy Crypto Heroes: 1.9k usersPlaytowin.io: 1k usersIDEX: 974 usersMy Crypto Heroes is a simple RPG game while Playtowin is a gambling game DApp. IDEX is an exchange and the only Dapp on the top 3 which doesn’t qualify as a “recreational Dapp.”EOSPRA CandyBox: 8.2k usersENBank: 6.4k usersEOS Knights: 6.2k usersOf these three, EOS Knights is a gaming Dapp.TronTronVegas: 3.3k usersTRONbet: 3.2k usersp3t.network: 2.9k usersBoth TronVegas and TRONbet are gambling game Dapps.So, of the 9 total Dapps above, 5 were gaming Dapps. These 5 Dapps pulled 15.6k users in total!The relationship between gaming and crypto is not a new one by any stretch of the imagination. Noted crypto evangelist, Brock Pierce believes that gamers and the ever-growing gaming industry will be a major driver in crypto adoption through 2019. He said: “The earliest adopters at the scale of crypto were gamers. That’s why Korea and China are so big. These were the markets where people played video games and bought and sold virtual currency for games like Second Life and World of Warcraft.”Will Recreational Dapps be enough?Of course, it will be foolhardy to think that one killer gaming Dapp is all that is needed to win the “war of the platforms.” We need to continue high-level innovation and make sure that we are always ahead when it comes to overall performance. However, one killer Dapp may be just about enough to get over more people on board.Think of how smartphones became popular.Smartphones became insanely popular because of all the applications that it offered, mainly WhatsApp. WhatsApp allowed people to send messages, photos, videos etc. for free. As more and more people started using it, their friends and family didn’t want to be left out. Obviously, they couldn’t use WhatsApp on their old phones, so they bought smartphones to get in on the action.Think about it. The messaging space was already overcrowded with SMS, social media, emails, BBM, etc. However, people just had to be on WhatsApp, and for that reason, they were ok with buying a new smartphone.This is the single biggest reason why a good value recreational Dapp goes a long way towards adoption. Let’s take a recent example. Between March 3–9, Tron completely dominated this space. Here are some of the numbers from that week:Tron DApps experienced a 207% rise in weekly transaction volume with a total volume of $180 million which far exceeded that of EOS ($102 million) and Ethereum ($24 million).They acquired 33,000 new users, triggering a 64% growth.Do you know what were the three most popular Dapps which pulled in the most users that week? Epic Dragons, CrazyDogs, and TronGo. All three of them are recreational (gaming and gambling) Dapps.FLETA — How to win the adoption game? was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 04. 08
FLETA — Features of success...
FLETA — Features of successful DAapp platformsFLETA — Features of successful Dapp platformsWhat are some of the qualities that we are looking for in a high-performing Dapp platform? What should be the properties made available for our Dapp to reach a mainstream audience?The platform should be scalable enough for many users to use it. This is very important for a Dapp that is looking to gain mainstream acceptance.The platform should ideally enable devs to create Dapps which are free for users to use or at the very least, it should be cheap. No one should have to pay an exorbitant amount to use a Dapp.The Dapp platform must not be too expensive for the developers to create on either. The value of a smart contract platform is directly related to the number of developers building applications on top of the platform. These applications attract users to the platforms. This is why it is imperative for Dapp platforms to create a developer-friendly environment.The platform should be easy to update in case of an upgradation or a bug. In simple terms, if some change in the protocol is needed, the entire system should not come to a standstill.Operations should be executed in a parallel and sequential manner to enable speed and security.So, if we were to summarize the qualities needed for a successful Dapp platform, it comes down to two points:Should provide powerful functionality and minimize points of failures.Should not be too expensive to use.Ethereum and EOSTill now, the two most popular smart contract platforms out there are Ethereum and EOS. Both of them offers some pretty good features, however, they are flawed in their own way.EthereumFirstly, Ethereum’s scalability issues have been covered in great detail. Ethereum’s architecture ensures that they can only do 25 transactions per second. As of right now, they are working on several solutions like sharding, Raiden, and plasma to increase the overall throughput.Secondly, Ethereum Dapps can be extremely expensive for both developers and users. As estimated in this article, the gas cost for the execution of Ethereum smart contracts that conduct more than 1,000,000 transactions a year equals roughly 90 ETH or ~$12,500 (as of writing) each year.EOSEOS has a much more scalable model than Ethereum because they use a leader-based consensus model. Instead of using the entire network for consensus. The community elects 21 block producers and they are in charge of taking care of the consensus process. EOS has till now achieved a high of 3,996 transactions per second.However, when it comes to the cost of development, it is no different than Ethereum. While you don’t need to pay gas prices, you will need to stake your EOS tokens to receive Bandwidth, CPU, and storage for your smart contract. Along with all this, you will still need RAM. from an internal RAM marketplace. According to EOS resource planner, 1 Mb RAM costs 59 EOS or $193 (as of writing).According to this article, the deployment and running costs for a 1000 user application will be around 10628 EOS or $39,640.How FLETA provides the ideal Dapp Platform?FLETA provides developers a blockchain platform that is far more flexible and affordable than Ethereum and EOS. The main differential points are:A fast and secure consensus algorithm.Developer friendly ecosystem.Proof-of-FormulationUnder Proof-of-Formulation (PoF), instead of miners and validators, there are two groups of actors involved in block creation and transaction confirmation:Formulators: block generatorsObservers: Witnesses of block creation and security for the network.This unique structure allows for an extremely scalable model which has, till date, achieved a high of 20,000 transactions per second. Also, since consensus on blocks and transactions are divided and delegated between different Formulator groups, the whole system works simultaneously in a parallel sharded fashion, which increases overall throughput and security.Developer Friendly EcosystemFLETA produces a much cheaper and flexible platform for developers for DApp creation as:Developers can choose whether they wish to utilize FLETA’s technological services. If they decide to do so, the costs incurred will only depend on usage.Developers on FLETA can launch their DApps on dedicated subchains, where they have complete discretion on their own unique token economies, consensus algorithm, and transaction fees (or lack thereof).Since each Dapp has a dedicated sub-chain, in the event of an upgradation or bug-fixing, the entire ecosystem won’t come to a standstill. The Dapp can still operate on its sub-chain without any latency.FLETA — Features of successful DAapp platforms was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 04. 02
FLETA — FLETA Updates
FLETA — FLETA UpdatesFLETA has taken some giant steps into becoming a leader in the Dapp development space over the last few months. In this article, we are going to recap exciting progress happening in and around FLETA.#1 Beta TestnetThe FLETA beta testnet v1.0 officially launched on March 5, 2019. This testnet release marks a significant milestone for FLETA as the first step of our project toward a mainnet and as a monumental landmark on our technology roadmap.Through the first iteration of the beta testnet, we want to demonstrate how FLETA can fulfill its promise of being a blockchain platform that is developer friendly with long-term scalability, high throughput, decentralization, and security. We have achieved a peak throughput of 20,000 transactions per second.To go along with the launch of FLETA’s testnet, our code is now officially open to the public for viewing through GitHub.The overview of the testnet is as follows:No. of Chains: 2No. of Formulators: 42Testnet: testnet.fleta.ioBlock Explorer: https://explorer.fleta.io/#2 Game ReleaseTo give people a taste of the kind of Dapps that can run on the FLETA platform, we released Version 1 of the ‘FLETA City Simulation’ game, which was released along with our beta version. The game was playable on any web browser (preferably Google Chrome). You can check out the leaderboard of FLETA City Version1 here. A huge congratulations to all the winners!We have a Version 2 of the game coming out as well and our developers are hard at work to give you a bigger and more enjoyable experience than before. The game will be out soon so keep an eye out for it!#3 START Hack HackathonFLETA, along with nine global companies in various industries including Microsoft, Volvo, and Bosch, took part in the 4th edition of START Hack as case partners. Described as the most entrepreneurial Hackathon in Europe, it took place between 8–10 March 2019 at the University of St. Gallen in Switzerland. Our very own Sam Jeong (CTO), Peter J (CFO), and James Song (Head of Marketing Strategy) were at the venue to support the teams.Six teams chose the FLETA challenge case. The winning team came up with the idea of selling pixels and putting the transactions on the blockchain. This will be used for fundraising or charity purpose since it offers full transparency and traceability of all the funds involved.#4 Ambassadors CampaignOur team has been working tirelessly to build an active community which trusts our vision. To further strengthen our community and to spread the word about the FLETA platform, we announced the launch of our Ambassador Program. We are looking for 10 total ambassadors. Till now, we’ve already hired 1 Developer, 2 Technical Writers, 3 Social Media Specialists, 1 Visual Creator, and 1 Community Growth Manager.#5 Bounty ProgramWe are planning to launch our Bounty version 2 soon. New tasks are going to be added and a majority of them will be about the beta testnet and FLETA City Version 2. The tasks are going to be complicated but extremely interesting! In the previous Bounty program, we gave away $300,000 worth of FLETA tokens.FLETA — FLETA Updates was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.
19. 03. 29
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