FLETA: Limitless Scalability & Lightning Fast Transactions: Sustainable Blockchain Ecosystem

what's going on guys it's k-dub here with another episode of crypto zombie so on tonight's episode I had the opportunity to sit down and talk with veena Cho the director over at fled uh blockchain now what exactly is fled at trying to solve it's actually quite simple they're trying to basically become a sustainable blockchain ecosystem right there's so many problems with current block chains whether it be transaction speed or high costs for developers and users and they're tackling this head-on and they're doing it in a few different ways one of them is a multi change structure where they're basically going to be taking the stress off of the main chain by deploying these side chains so each snap can have their own individual chain theoretically this would make it infinitely scalable but that's not just it they're also dealing with a whole different type of proof of formulation as well as dealing with parallel sharding and block redesign as well now you might be saying to yourself well isn't there a lot of competition already out there yes there actually is and the cool thing about them is they're not actually trying to compete with existing block chains like aetherium and others in fact they're just trying to improve upon some of the places where blockchain currently Falls a bit short so that being said I don't want to give too much away we definitely got to get into the rest of this interview but I do want to give a special shout out to the team at flutter for offering a sponsor this video it definitely helps the channel out and I really appreciate it but that being said let's get into it hi good thank you for uh thank you for joining us I appreciate it so I mean I guess just kind of getting it right out of the way what exactly is flutter the flat tire is a block chain new blocks a platform with a new consistent model you provide the most developer friendly the ecosystem because we thought that this kind of give up the developer friendly over murder we come up with the developer friendly is that to make this block chain to be copied on the real world life it is important for the developer specially for the app developers to be the provided service a very easy understanding a very effective efficient manner on this infrastructure so that's it how flat tire started and I wanted to ask you a question because when you have a look at basically your website you just see first chain right and that seems to be the the big name right so I wanted to ask what exactly is first chain I see you guys have some massive advisors you have the former CEOs of Korean branches of Motorola Oracle s ap Cisco Microsoft IBM on so how did you build this team and what is the connection of first chain to flutter well the flood testing project and the first block team project our first team is affected so is the first chain is the deposit who they are in the meantime because kind of the thing that we can forget all this kind of team adviser from the former executive of the global IT company in stated that they believe you know the technology because we started our official marketing activities since last July but it is before a large live we already completed a 70 to 80 percent return among of our technology so it's kind of it they can see how our technology is going to be happen so that that's how they our teams are getting so I wanted to ask you basically because I know this is what everyone's gonna ask I mean we have so many smart contract platforms out there you know and it's almost just like do we really need another one so what is what is really separating you guys apart from the competition specifically well the fair hours it's not good for us it's not some kind of competition because blockchain industry is still developing and I think it's kind of very intense days and that as theta equals is the participant of this industry so it kind of did a it's not some kind of a competition it's kind of important for us you did a develop and expand the ecosystem and if we're us is like as I told you already in canvas small contract we are the providing the more developer friendly infrastructure that means that we could you know all the languages most of the programming is including the goal the kind of solidity and we are adding the steep as language for the developer as well so that most developers can accommodate hey exam is a bit like it's not contending that they prefer in the meantime we are also setting up this kind of irrigated matter so the pursuers replicate this kind of current blocks in prose and crew of ready read project aged on the Astoria Mario's there others the kind of a platform that they are the economy are easy to use recruitment issues in limine and they can operate the project only the photo service chain so that they can minimize it has referred the exchange listing and the competitions in the meantime they can use it affect the service which can the maximize the speed scalability so does this work only for projects that are currently building or existing projects could migrate all that it's kind of existing project and also did a new project as well and for this one it can be applied to the enterprise solution who don't need to issue the tokens on their own and you guys are able to do this because you're doing sharding right parallel sharding essentially yes so um I mean we've heard this term a lot you know some people may I know silica that was like their big thing when they you know for coming out so now we're becoming a lot more familiar with it but um I mean not not to go into what sharding is because we've spoken about that on the channel but you guys are saying that you're achieving up to twenty thousand transactions per second right um like how are you able to I mean how are you able to achieve that with that but also are there any trade-offs when you achieve this high transaction for example does it make you more centralized or does it affect security or something else well these are kind of dkpp yes it's like a pig dps after we conducted a better test net we achieved ten thousand and 10k TPS on average for now and this kind of day that keepeth high CD has come from our five technology including our new consensus more the POF and the block we design technology level 3 evaluation and a perilous adding of course and the independent among each instruction so that goes through the POF are the new consensus model we can either achieve it at 0.5 second block time in the mean time by we've seen the block size by 47 percent we can make this transaction fast through the block redesign technology also do we are the one over the key technology is independent and chain structure so it's like we are providing the chain to ease the app so that we can maximize the scalability on the present matter in that way we can be the reduced is kind of a fork and kind of little maximize the speed and the kind of transaction the volume as well so that we can that's how we can achieve that pancake yes or average and to clarify you're not a dag right you are a blockchain as we are not the back really completely blockchain okay yeah and come right off well you know I don't think that is kind of trade up but you know the most people think the blockchain should be the kind of decentralized but it'll maybe now in case of TOF we have neither observer not for the faster block confirmation so well look this observer node is in the beginning state is managed by the flat-pack but it's not either by the person it's not feel completely controlled by the algorithm only the second network so that the people may think that as we have observer know which is managed by a the centralization or we don't stick out may it peers in the world while it is kind of centralizing it centralization and decentralization is just kind of madness philosophy and the blockchain is not kind of philosophy century it's like the technology that makes our life better so little world it as is kind of observer not facilitating a fastest transaction they make everything clear with a fair manner and we think this is kind of necessary and the people wouldn't be care you don't care about whether this is centralized or decentralized and is right I mean it depends on what you're focusing on specifically I are you guys who's your primary user is it more enterprise or or is it anyone who's your well the first is like every developer for the who would like to do the operate and the creator project on the blockchain infrastructure in the meantime as we are the most flexible the bloated infrastructure we can also accommodate enterprise as well who like to be the control and the set up their own private a never hmm all right very interesting so yeah I wanted to talk a little bit more about I mean we kind of touched on it we talked about proof of formulation and stuff like that so that's your new consensus algorithm and everything of that nature we you know we can go into more tech if you want because I mean I think you guys are pretty tech driven that's what sort of makes it different because you guys have your block redesign as well right so on did you keep you want to just kind of go into that a little bit sort of how that works oh yeah sure it's like the enchanted block we designed it's like the blockchain structure is kind of a killer of the block sees the blockchain and the you know it's likely the fair ask if the speed is going up and it'll whoa did a peep-toe that people can see that the world is a faster but in the meantime but data is going to be the kind of turns it kind of has a faster as well but you know in that case this kind of Li the kind of assistant can be the overloaded because it's a volume that Peter can and I did control is a limited so we thought I really may as a reduced size of the volume and extract the kind of in beta that is necessary for the transaction in that way that we can reduce societal volume in the mean it is kind of increased speed so pretty much it pretty much just constantly adapts to whatever the stress load is basically it yes because the one thing that was interesting was that you were actually talking about decreasing block sizes which is crazy because of like whenever you see all of these Bitcoin Forks they're always about increasing the block size right to improve efficiency so I actually found it kind of interesting that you were taking the approach to actually decrease it that kind of caught me by surprise so yes it's kind of either people when people can see our block we design technology they can prepare this one as a bitcoin pass the kind of a per transaction and ours as well but for us is like instead of it in case the Bitcoin pitch they are just kind of put all the data in the one market and be the kind of move to the donate next transaction and that makes the kind of speed faster but for us instead of just kind of them make these modes it's all the data together we thought we may add or reduce the kind of the hatch on me so they make the speed faster mm-hmm yeah I mean you already said you have point five second block times which is nuts that's like incredibly incredibly fast I mean now here's the Cure's the question though I mean realistically like a lot of people claim all these amazing things you know when they're on the test net now once we get out into the main net and you really start putting that stress on the network I mean that's really when we're gonna know and see how how it you know holds up so I mean are you guys like just exclusively because I see like even in the background it says platform for sustainable daps are you just exclusively just for gaps being built on and that's all no not at all I think that well you know we are we already lost the only mosque and along with a better test net we also the launch already but he app game is a flat facility simulation yes let's talk about that yes that one is the completely on chain game and it's not a feature flag a but it's like the same with everybody because they love their technology background can experience the Flat Earth technology with a very easy and efficient understanding with a little bit of fun as well mm-hmm see the audit of transaction on this game is recorded on the flag has no chain so they do and the people can actually can feel that it a 0.5 block second because everything happens on this game is it'll be coded on the block and we are create a block is created on this kind of aim as well so that the people can see that how our technology is getting faster in the meantime is slightly though as this kind of all I heard that because free information I'm the market not the technology background I can't explain the problem the problem was is no one on the team really speaks English so we had a little bit of a communication barrier so but it's kind of on chain game is a theme that we can also that attract lots of Li the kind of their attention I think it's cool that you got the whole game on the blockchain like because usually you think about putting an entire game on a blockchain that's not a good idea it usually won't really function that well right it takes too long so that's pretty cool definitely actually I'm gonna play a clip real quick if you mind I'll just uh I'll play I'll play this video for these guys yeah so this is actually the sort of like demo preview video of the flutter the city that you guys can check out [Music] [Music] [Music] so the flood a city simulation that looks pretty awesome and on top of it you can earn Letta too right yes oh there you go you can actually earn money for playing a video game nice so I mean what can we expect realistically you know moving forward from you guys I mean as far as like short-term long-term you know what are you guys focusing in on and what can we really expect well you know we are the most important thing for us in our project roadmap is we are going to we're going to not try to the main that in the cute in q2 of the 2019 we expect we expect is gonna be the late May and after we launch at the main we are also did a launching our developer portal these candida provide the most typically efficient and effective service the developers even both they are in the beginning stage beginners days and after their for next year the kind of from the after we launch a domain that we are also the focusing only to attract lots of the ads who can do the project on the flat tire in the meantime that kind of is apparent it would be act we can operate the service on the current blogging platform so the we will focus on did expand already the infrastructure uses as much as I can so that we can deploy their kind of aiming to we are aiming to do it and how it the ecosystem in a global stage awesome thank you so much I do you guys have like people lined up right now like people that are ready to go ready to use this I mean you guys have yes I mean what about partnerships because I mean like I said you know the whole thing of first chain you know you guys obviously have made business relationships I'm sure yes so yeah yeah sure when you are checking our website you can see that it all of the partner from Fe the industry of is melting in the ecosystem so we of course we have the partners the protocols that are speaking with about this the system integration and in a quite interesting seed you know some of them already built based on different blocks and has some beauty this kind of the prices cost issue or spiritual ability issues he would like to did change their platform to flector and they end up in that because that's the reason that we come up with an idea but the black agate whenever it gets for them they like to kind of icky carroty the token didn't perform as a if her ears or the Tron Astra further for this kind of exchange listening in the meantime they can be not use they would like to use the fattest technology so they're in that way I think that we can also accommodate the more than fifty he asked this year and if I can see that that this kind of the project are scolded by the feta awesome awesome and I could definitely I like the fact like right off the bat that you guys are like not really trying to compete I mean I think we can pretty much say that the space is still very small you know what I mean so there really is we don't need to be focusing on who's gonna be the king who's gonna be the winner you know what I mean I mean I think at this point you know anything that anyone can bring to the table anything that we can help to solve these problems in the space and I really do like that attitude and approach that you guys are taking so oh you know I should ask you this in the beginning what does flood Ameen where did you guys come up with that name what is it oh it's like is actually coming from the old American English means the very big and fast it's like to the free us it's kind of hard to didn't find either reason of the name will be actually we are just like the same it's like a group oh yeah I was just I was just curious I mean Letta it does kind of sound like like fleeting like like fast it kind of has that feel to it a little bit so definitely pretty cool so Venus thank you so much I appreciate you stopping by the channel this was really great and informative and I'm certainly looking forward to see what you guys are doing and yeah I mean you know obviously as the the project project progresses and you guys start to you know do more once you have your main net come out I definitely like to follow up and see where you guys are at and see how the project is doing absolutely thank you for inviting me yeah thank you so much so for everybody who is watching definitely check out Letta they are not trying to be competitive but they are trying to solve some problems in the space so very interesting you know they already have first chain they have partnerships they have a full game running right now on on the blockchain was pretty impressive so definitely give them a look thank you so much guys so until next time my name is k-dub this is crypto zombie until next time stay crypto and bye

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