Blockchain
FLETA Blockchain Platform Launched Public Testnet with Peak 15,000 TPS
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FLETA, a blockchain platform aiming to create a sustainable DApp ecosystem, has announced that its beta testnet has been released and its code is open to the public via GitHub. FLETA promises a new blockchain platform that is developer-friendly with long-term scalability, high throughput, decentralization, and security being demonstrated through this first iteration of its beta testnet. Recently, by adding FLETA Gateway on its mainnet, FLETA plans to enhance interoperability with other existing platforms such as Ethereum, Tron, and EOS.
The core of FLETA technology and innovation lies in Independent Multi-chain structure, its own consensus algorithm Proof of Formulation (PoF), Block Redesign, LEVEL Tree validation, and parallel sharding. Through the testnet launch, FLETA demonstrated its performances by achieving 10,000 average TPS and 15,000 peak TPS with 6 core CPU. FLETA aims to achieve 20,000 TPS along with its mainnet launch in July.
FLETA is actively working hard with one of the major issues for DApp developers, the development cost needed, which makes it as developer-friendly as possible. In addition to Go programming language, FLETA smart contract will support Solidity and C Library for developers so that developers can migrate their projects on FLETA with ease.
Also, FLETA Gateway network will satisfy the needs of interoperability of DApps by presenting a seamless transition between FLETA and other platforms. It allows existing DApps to use FLETA’s service chain which is both faster and cheaper, staying in their mainnet for exchange purposes. This helps negate any risk that may come along with the token migration process; projects have the freedom to set the transactions for free so that users can use the chain without any expenses.
“FLETA beta testnet launch marks a monumental milestone on our roadmap. The ultimate goal of FLETA mainnet is to create a blockchain system with the greatest efficiency, and to achieve a successful fusion of existing services and blockchain technology with unmatched speed,” said Paul Seungho Park, co-founder and CEO of FLETA. “DApps are key drivers to accelerate blockchain adoptions in our everyday lives. We will strive to provide the developer-friendly environment which helps entrepreneurs and developers to stay relevant and incorporate all the positive features of blockchain technology.”
FLETA’s developer-friendly property is expected to attract many developers and it makes FLETA the evolution of the smart contract space. FLETA has opened Open Developer Portal in March 2019. its mainnet is set to launch in July. Developers interested in FLETA can find its source codes on Github.
SOURCE FLETA
Blockchain
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Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
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