HYCON formed a partnership with blockchain mainnet project FLETA.
FLETA aims to resolve technical issues existing blockchain platforms face,
such as speed and scalability, and reduce excessive fees for both developers and users.
FLETA differentiates itself from other blockchain platforms in five ways:
First, FLETA developed its own consensus algorithm, Proof-of-Formulation (PoF),
for fair block rewards and fast block creation. *Patent pending in the US
Second, FLETA reduced the block size by 43% to redesign the block structure.
*Patent pending in the US
Third, FLETA utilizes an independent multi-chain structure which gives autonomy to each DApp.
Fourth, FLETA implements parallel sharding, an upgrade from existing sharding algorithms.
Fifth, FLETA adopts the LEVEL Tree validation model,
which enables faster speed with a 90% reduction in validation structure size.
Visit FLETA at https://fleta.io
The partnership is very meaningful in that the two platform projects will aim for the same goal of advancing the blockchain industry.
HYCON will support FLETA every step of the way!