- 365 days
FLETA utilizes an independent multi-chain structure, with the existence of a sub-chain apart from the main-chain, resolving the main-chain overload issue and reducing excessive fees both for developers and users. That is, by separating the performance of the main-chain and the data domain, each DApp is operated independently, without being mutually influenced, leading to a limitless number of DApps being available. This in turn, results in the reduction of excessive development costs of DApps and execution fees caused by using DApps.
New Consensus Model: PoF (Proof-of-Formulation)
FLETA came up with a new consensus model, replacing the existing models like PoW (Proof-of-Work; verify calculation process) or PoS (Proof-of-Stake; verify stake) and preventing unnecessary Fork. The new consensus model is PoF (Proof-of-Formulation) and blocks are generated in a designated order, agreeing on the block mining order. This allows the block generation and dissemination to be faster, as the dissemination range of blocks are reduced. In addition, instant confirmation is made possible through the observer node. The incentives are the block rewards when Formulator node generates blocks. Incentives consist of block rewards and transaction fee.