Advantages and Disadvantages of Blockchain Mainnet by FLETA

FLETA released merits of some of the most important mainnets within the Blockchain ecosystem.

🔻Ethereum

Currently Ethereum mainnet is better suited for storing long-term static data that needs to be widely available, such as information from the Ethereum Registration Authority.

However, Ethereum is designed to be low-cost, open, flexible, and suitable for multi-party cooperation. Its architecture has unique layers that strengthen and create new possibilities for commercial systems.

🔻Binance Smart Chain (BSC)

Delivered in September 2020, the Binance Chain team worked hard to get their mainnet operational after delivering the first trailer in April of last year.

Binance Smart Chain (BSC) incorporates smart contract functionalities that put it in direct competition with Ethereum. It brings interoperability and the programming capacity of the Ethereum Virtual Machine (EVM) in Binance Chain as one of its great strengths.

For those of you who don’t know, BSC has been created to run in parallel to Binance Chain. The main objective of BSC is the creation of Smart Contracts for tokens on the Binance Blockchain.

🔻Polkadot

Polkadot is an open-source blockchain network designed to allow multiple separate blockchains to be turned into application-specific interconnected substrings called parachain.

Each chain built within Polkadot uses Parity Technologies’ modular Substrate framework, which allows developers to select specific components that are best suited to their specific application chain. The Polkadot network is the totality of all parachains connected to a single base platform known as the Relay Chain.

🔻FLETA 

In November 2019, FLETA officially launched its main blockchain network after several months of testing, under its own proposed technology with a developed mining consensus called Proof of Formulation (PoF).

FLETA bases its core technologies such as block redesign, independent multi-chain structure, proof-of-formulation, etc., to successfully carry out its mainnet, achieving up to 14,000 TPS in simulated real-world environments, making them one of the fastest in the world.

What is FLETA?

FLETA is a blockchain platform that aims to offer infrastructure that can be applied to real-world business models. FLETA has its own core blockchain technologies like Level Tree Validation, Parallel Sharding, Independent multi-chain Structure, Block Redesign, and PoF(Proof-of-Formulation) which is its own consensus algorithm. With them, it aims to solve the problems that existing platforms have such as slow speeds, scalability limitations and excessive fees, and provide a flexible development environment. Moreover, its Gateway technology improved its interoperability by allowing projects issuing their tokens through other mainnets to maintain their mainnets while using the FLETA chain.

📰 INFO:

https://medium.com/fleta-first-chain/advantages-and-disadvantages-of-blockchain-mainnet-a04f399c0a83