Blockchain technology has experienced a boom in projects and products since its conception and millions have used it. The industry seems dispersed, and has lost sight of the issues it is trying to solve.
The blockchain-based sector still has innovation. It is only a small group of projects that have a better understanding of and vision for the future technology. They are the ones who will be the next generation of the internet. Flux has been a strong competitor in this regard, and is now the infrastructure to support such a future.
This suite of decentralized computing and blockchain-as-a-service (BaSS) solutions with similarities to the Amazon Web Service (AWS) is comprised of its own cloud operating system based on Linux called FluxOS, a Proof-of-Work (PoW) utility cryptocurrency, and enterprise-grade server hardware hosting the Fluxnode network and the entire ecosystem.
The network’s components work in perfect synergy to generate the incentives necessary for Flux ecosystem growth, protect it from being attacked by bad actors, offer users on-chain governance, reward miners and node operator holders and provide other benefits such as a boost in revenue.
Flux, one of these projects, has the long-term vision to onboard new users in the crypto space. The ecosystem provides solutions that work, an interoperable infrastructure, tools for development, and many use cases. This project is aiming to create a long-term crypto adoption boom.
Flux Ecosystem and Its Benefits over Competitors
There are many different uses cases that can be tackled by various projects, with many others attempting to make Ethereum the leading platform for cloud-based services. Many of these Ethereum projects are limited by high transaction fees, low scaling and other limitations.
Others, like the newly launched Internet Computer (ICP) have complicated nodes mechanisms and other requirements users must meet in order to be a participant of the network. They are also components of these platforms, with the ecosystem being dependent on a single point of failure.
Flux eliminates such tradeoffs by a unique model which allows anyone who holds FLUX to join the network. Flux is able to function as an entirely decentralized platform with no single point of attack, thanks to the distributed nature of its nodes. According to Flux’s whitepaper:
FluxNodes was created with the aim of having thousands upon thousands possible nodes on the network. This will allow anyone to join and help solve the scaling issue using the available raw processing power.
Flux, The Future Of Cloud Services is in Your Hands
Flux already has partnerships with notable names for hosting their infrastructure. Kadena, which has an ongoing partnership with Flux, is a reliable partner. Presearch, Firo, and Presearch are also partners with Flux.
Flux is also supporting many key blockchain players by helping to decentralize their infrastructure. Some examples include Polkadot nodes, Coinbase Rosetta, Kusama and Polkadot nodes that are all running on Flux.
Flux already hosts decentralized social media platforms such as a privacy-focused frontend to Twitter and Dropalo’s messaging project. It also has its own cryptocurrency price oracle service, which allows users to access real-time data from the blockchain. There are a wide range of games, and servers such as Minecraft. The ecosystem supports interoperability, allowing users to transact on other blockchains to power smart contracts.
Flux is also managed with the help of its users. Many in crypto fear Wall Street and other big players could overtake the space and make their agendas, to the disadvantage of users. Flux is an open-source, community-driven project. Major decisions can be made using Flux xDAO governance.
Flux is making great strides to strengthen its relationships with leaders from multiple industries and make it more available for corporate adoption. All of this was done while maintaining the core principles that supported the cryptocurrency industry from its beginning: users have a place, a voice and an opportunity to contribute to the creation of the future internet.