The First Project Report: How Flux is Building a Decentralized Future?
In the environment where blockchain is growing wildly, how to attract users' attention is a required course for every Web3 project, and every project is trying to find its place in this world; the best projects try to provide value through real help, while the worst projects are waiting for unsuspecting investors to pounce on predators.
Flux, a project that most people have not deeply understood, is an ecological stalker silently cultivating at the bottom of the blockchain. It is like Amazon Web Service, Google Cloud, or Amazon Azure in the web2 field, but it runs on the blockchain and is completely decentralized, aiming to establish an "Internet by the people, for the people".
On September 24, 2024 at 16:00 (UTC + 8), the Flux ecological token $FLUX will soon be listed on The First. What is the future potential of Flux and how does it change the entire blockchain landscape? Let me walk into the decentralized Web3 cloud infrastructure - Flux.
What is Flux?
After a period of rapid development, the current blockchain seems to be in a stagnant period. Although there is unlimited creativity in the development of blockchain applications, Defi, revenue plans, NFTs, Metaverse and other fields, the development of other fields seems to be stagnant. This is related to the fact that most blockchain applications run on Web2 infrastructure.
Flux's mission is to actively influence the world while developing and deploying some of the coolest blockchain technologies. This is a blockchain with a clear purpose: to establish Web3, the next logical iteration of the Internet.
The Flux ecosystem is a decentralized computing service and blockchain-as-a-service solution that provides an interoperable, decentralized, AWS-like Development Environment. Flux uses native POW (Proof of Work) tokens to drive this ecosystem, providing incentives for hardware custodians to mitigate bad behavior through on-chain governance and collateral requirements for hardware operations. The Flux operating system runs on top of Linux, providing the network with validated and benchmarked high availability computing power, and leveraging blockchain to ensure transparency in governance operations.
II. FLUX Core Mechanism
The FLUX ecosystem is a comprehensive platform that integrates decentralized computing services and blockchain-as-a-service (BaaS) solutions, aiming to provide developers with a decentralized development environment similar to AWS. Its core lies in driving the ecosystem through FLUX's native Proof-of-Work (POW) token, incentivizing hardware custodians, implementing on-chain governance, and curbing malicious behavior through staking requirements. The FLUX operating system runs on a Linux basis, providing highly available computing power that has been verified and benchmarked for the network, and using blockchain to ensure transparency in governance operations.
FLUX node operators can choose three different levels of hardware requirements based on the FLUX capital locked in their wallets to deploy nodes, so that anyone can receive rewards for contributing computing resources. In addition, FLUX also allows FLUX governance tokens to run on all decentralized finance (DeFi) protocols through its parallel asset mechanism, increasing their interoperability and liquidity. The entire ecosystem works together through core components such as FluxNodes, Flux operating system, and Zelcore wallet to create a secure, efficient, and scalable blockchain computing platform.
III. FLUX ecological products
Incentive distributed enterprise hardware
FluxNodes is the fundamental difference between Flux and other encryption projects. FluxNodes requires node operators not only to have enough Flux as collateral, but also to have hardware that meets the requirements in order to run on the network and provide real and useful computing power. Anyone with enough Flux and hardware can run FluxNode, making the network truly decentralized in terms of who can run nodes and the geographical location of nodes.
Scheduler, scheduler, hardware validator
Flux is the "brain" of FluxNodes and the Flux computing network. It is an open-source MEVN stack built from scratch by the Flux team as a second-layer operating system to supplement the underlying Linux OS running on all FluxNodes. Flux provides a core module for decentralized computing power, allowing Flux and third-party developers to run their applications on the network at a fair price without a single point of failure.
Zelcore multi-asset encrypted wallet
Zelcore is a multi-asset encrypted wallet and platform that provides management of over 250 cryptocurrency assets, as well as over 25,000 digital assets on the asset layers of Ravencoin, NEO, and Ontology. It also provides built-in trading services for major centralized exchanges (such as Binance, Kraken, Bittrex), allowing users to mine, store, trade, and exchange a large number of encrypted assets in the same secure and easy-to-use application. Zelcore is the front-end of the Flux ecosystem, providing asset management, digital app store, Payment Gateway, and other functions.
FluxLabs Project Incubator and Accelerator
FluxLabs is Flux Technologies' incubator and accelerator program, focusing on blockchain and technology-based projects, especially startups in the emerging blockchain and cryptocurrency fields. The Flux ecosystem benefits from each partnership as diverse technologies are adapted and integrated into Flux projects.
Flux Economics and Parallel Assets
We made Flux assets more accessible, tradable, and interactive in the DeFi space by strategically airdropping Flux assets on other major chains. Flux's parallel assets enable Flux governance tokens to run on all major DeFi protocols while ensuring that the total circulating supply does not exceed 440 million.
FLUX founding team
The Flux decentralized team is a decentralized organizational structure composed of volunteers and leaders, which assigns responsibility for daily management tasks to multiple departments and individuals. All team members are committed to building a decentralized world and striving to ensure that Flux remains the open source leader in the field of decentralized computing.
V. FLUX Token Economics
The Flux ecosystem token is $FLUX, with a total of 440,000,000 FLUX to power the Flux ecosystem, which is used to purchase resources, guarantee nodes, and provide fuel for transactions on FluxOS, rewarding miners to verify transactions and FluxNode operators to provide computing resources.
Flux provides incentives for miners and FluxNode operators on the highly scalable Flux network, and is a currency for purchasing resources and driving transactions on the computing network we call FluxOS. Participants can contribute by running nodes or mining to receive local TOKEN rewards. Flux provides basic cloud infrastructure to power the new decentralized network. Its architecture provides a second-layer operating system that allows Web3 applications to run seamlessly on computing platforms.
- With user data secured across thousands of nodes around the world, people no longer have to worry about monopolistic data breaches. These nodes are redundant, meaning that when one fails, another takes over immediately.
- Flux maintains Web3 interoperability and the "value to users" standard. Data control remains within the community, and Flux's XDAO provides each member with the power to vote on proposals.
- Enterprises can also obtain scalable enterprise-class hardware to optimize the performance of their applications. Therefore, the Flux suite of decentralized computing services provides an ideal environment to build fast decentralized business systems with minimal cost.
VI. Future Prospects of FLUX
Over the past three years, Flux Network has been continuously developing. Regardless of market conditions, the Flux team is committed to building. At Flux, we all have a common goal: to create the next generation of decentralized computing capabilities. Created by the people, serving the people. Web3 is growing every day, and the demand for infrastructure is also increasing. The Flux ecosystem is a leader in Web3 infrastructure. With the advancement of Web3 and blockchain technology, by utilizing FluxOS, users will be able to access an independent Web3 ecosystem, retain unique blockchain properties, and interact with other Dapps on different networks.
Technology belongs to everyone, which is only natural. Flux is building the most powerful decentralized infrastructure to support Web3. There are many ways to participate in and use the Flux ecosystem, including running compute nodes, sharing nodes, developing, launching applications, protecting the network by using GPU mining, and so on. The driving force behind Flux comes from a highly developed community, come and participate. There are many ways to participate in the Flux ecosystem, not only can you purchase FLUX tokens through The First, but you can also deeply participate in its Flux Nodes nodes to obtain Flux rewards and parallel assets from staking.
In 2024, Flux will focus on scaling PoUW technology to cover multiple use cases from commercial and enterprise to powering entire AI hubs, and will leverage artificial intelligence to build smarter, more cost-effective solutions that will drive decentralized innovation on an unprecedented scale.