Flux, a Unique Player in Blockchain.
Frankly, flux isn’t your average blockchain; there is no other like it. Flux is different from most other blockchains in all the right ways. It has strong fundamentals, a fully deployed and live product, targets a growing global cloud computing market, has fair and sustainable tokenomics, strives to improve blockchain and technology, and leave a legacy for everyone to benefit from.
The World of blockchain is a wild place. It’s a jungle of thousands of projects calling for your attention. Every project tries to find its place in the world; the best try to provide value by being genuinely helpful, while the worst are predators waiting to pounce on unsuspecting investors.
Trekking through the blockchain jungle can be fun and exciting, but sometimes it’s also exhausting and scary. How do you spot the best blockchain projects? How do you avoid the bad ones? And will you ever find the one blockchain that’s just right for you?
Today, allow us to be your guide and tell you about an entirely unique project in the blockchain jungle, FLUX! Put your feet up, take a rest from the jungle trek and read on.
To summarize, Flux is the decentralized cloud infrastructure for the next internet iteration. It’s like Amazon Web Services, Google Cloud, or Amazon Azure, but it runs on the blockchain, is entirely decentralized, and aims to build an internet ‘by the people, for the people.
Flux is on a mission to positively impact the World while developing and deploying some of the coolest tech blockchain. It’s a blockchain with a clear purpose: Building Web3, the next logical iteration of the internet.
We believe Flux is and must be different from most other projects in the blockchain. We think that there are no other projects quite like Flux.
Flux is unique in blockchain due to a combination of many deliberate design choices, the decentralized vision of Bitcoin founder Satoshi Nakamoto and the hard work of an ever-growing community of enthusiastic supporters, miners, node operators, developers, partners, and investors.
Here are the key traits that make Flux one of the most unique projects in blockchain today and a leader of the evolutionary race in the blockchain jungle.
We live in a big way.
Flux is more than an airy roadmap or a minimum viable product. Flux is fully operational, with all significant ecosystem pieces deployed and in use. Every day the ecosystem, feature set, infrastructure, applications deployed, etc., is growing and seeing new users jump aboard.
Flux is alive! It’s here, and it is growing in a remarkable way.
At the heart of Flux is one of the largest decentralized computational networks. It consists of almost 12,000 nodes with a staggering 79,000 CPU cores, 244 terabytes of RAM, and 5,400 terabytes of storage. It is power on a massive scale, not matched anywhere else in the blockchain. You can see for yourself at the FluxOS dashboard, where you can check out the current number of nodes, the node geography, and the total network resources.
The network hosts many decentralized applications and a long list of partners and FluxLabs projects depending on Flux as their core infrastructure. One example is the Kadena blockchain which runs its infrastructure on Flux; many projects utilizing the Kadena blockchain have also opted to be fully decentralized and run on Flux. Flux is currently powering applications such as websites, blockchain nodes, Defi, gaming, social media, and more on the Flux website.Also, you can check out the list of partners and FluxLabs projects, as well as a list of some of the applications running on Flux.
The Flux network is growing rapidly. We recently reduced the collaterals required to run nodes to scale the network. The Flux network grew by almost 10,000 nodes in about three months, thanks to the power of true decentralization. The Flux network can scale fast and efficiently by altering node collaterals, node hardware requirements, and on- and off-chain node tiers and rewards. As the next in scaling the network, Flux is on the verge of launching a shared node service called project Titan. This will let people pool node collateral (you only need 50 Flux to participate) and stand up nodes together without installing or managing them. Something that will grow the network even more while lowering the bar for participation in the network and rewarding those who do.
Today Flux has fully deployed technology that is in demand, able to scale, and utilized as intended by many clients in and outside the blockchain. For that reason, Flux is already different from 99% of your typical blockchain projects. But why stop there?
We’ve got what everybody needs.
Flux is targeting a growing market. The cloud computing industry has seen massive growth over the last decade. In 2021 the cloud computing market was valued at USD 368.97 billion and was expected to expand at a compound annual growth rate of 15.7% from 2022 to 2030.
Flux's product on offer not only taps into this demand but can also provide something that the current market cannot deliver. Flux has a decentralized infrastructure leveraged by the blockchain and stewarded by people, not corporations. This addresses some of the critical vulnerabilities of centralized infrastructure where the end-users are forced to trust corporations to be good stewards of their private data while also running the risk of being de-platformed or censored in other ways.
By not having shareholders, Flux can also take on more risk and adopt new and emerging technology faster than traditional actors in the market. This enables Flux to innovate the tech stack for online infrastructure and become a front-runner in implementing emerging technologies such as edge computing and AI. In the future, Flux will sell decentralized application hosting and computational services utilizing specialized hardware such as Nvidia Jetsons and other AI-enabled platforms. Being in the Nvidia inception program is one aspect of this, but Flux is actively working with several vital actors in the tech world to keep innovating the tech stack.
As a final thing worth noting, Flux runs on the blockchain, but it’s not ‘just’ a blockchain project. It’s a technology start-up that operates in the entire World of technology; it is not limited to a blockchain ‘bubble.’ The clients utilizing Flux don’t have to be related to or interested in blockchain. Thus, Flux isn’t limited by the blockchain market, the Flux market cap should be measured against the cloud computing industry, and there is some legroom for growth there.
Having a product in demand in a growing market places Flux in a favorable position for growth. You won’t find many other blockchain projects targeting the same market with the same maturity and reach as Flux has. But let’s keep going; there is even more to Flux.
We’ve got an economic model that’s sustainable.
Flux has been designed from the ground up with a sustainable economic model. This protects the Flux ecosystem from being manipulated, or suffering market crashes brought on solely due to tokenomics or bad actors. Like every other asset, Flux is at the mercy of regular market forces like supply and demand but has taken calculated measures to mitigate any risks to the economic model behind it.
First of all, Flux utilizes a proof-of-work coin that is fairly distributed.
Flux had no Initial coin offerings; less than 1% of the total supply was allocated to the Flux team and less than 3% to the Flux Foundation. If you want Flux, you must either mine it, run nodes, or buy it on the open market. In other words, there are no venture capital investors waiting to dump massive coin unlocks on retail investors. The maximum supply is set at 440 million and cannot be altered.
Because the Flux supply, distribution schedule, block rewards, and so on are fully transparent and predictable, it mitigates any unpredictability of Flux supply now and in the future.
Flux can’t be minted out of thin air as it is, and will always be, based on proof-of-work. To protect decentralization and mitigate bad actors, the GPU mining algorithm is ASIC resistant, and the Flux nodes require operators to lock Flux collaterals to run their nodes.
Block rewards are evenly split between GPU miners and Flux node operators and will halve every 2.5 years. The reward per block and, thereby, Flux emission schedule is constant.
The block rewards for each individual GPU miner vary with the hash rate and mining difficulty, while the block rewards for node operators ebb and flow with the number of nodes in each Flux node tier. This creates a stable and predictable model that consistently produces sustainable rewards paid to network participants.
As the Flux ecosystem matures and adoption increases, the economic model will be able to include more off-chain incentivization for network participants. Flux will include payments received from clients into the incentivization model and use that in parallel with the block rewards. With time Flux will be able to grow incentivization for miners and node operators as more and more services are provided and sold.
The combination of a stable on-chain reward and emission schedule and a variable and dynamic off-chain reward structure makes tokenomics attractive to miners and node operators while also being sustainable now and in the future.
Flux development is also safe from the next bear market as the Flux foundation has sufficient resources to build throughout a potential multi-year crypto winter (should it occur). So even if the markets slow down, Flux's development will continue unaffected. This will ensure that Flux doesn’t fall behind in development due to overall market conditions and ensure that Flux maintains its position at the forefront of Web3 technology.
Unlike some projects in blockchain, Flux has mitigated the risks of a sudden and catastrophic collapse caused by the economic model itself or by bad actors. The Flux tokenomics are predictable and transparent, and fair. This creates an overall more attractive environment for investors, miners and node operators that want to avoid the inherent risks of projects with ‘Ponzi-nomics’ or unfavorable team and VC allocations, which has sadly become more prevalent in the blockchain.
If you’re still not entirely convinced about why Flux is a unique blockchain, here is one last thing and a very important one.
We’ve got heart, and we’re here to do good.
A very important element of Flux is that it was created to build a generation's legacy. Honoring the vision of Satoshi Nakamoto to build a more decentralized future and a new internet for the people, by the people.
Flux is a community project, FluxOS is open-source, and there is an xDAO built-in to allow the community to make decisions on critical issues. Decentralization is at the heart of what Flux does and is what has guided many of the design decisions along the way. A blockchain project doesn’t have to do good, but Flux does.
Some examples are the fantastic charity work being done by the Flux Army or the deployment of the Flux network to solve tasks for Folding@home to aid COVID research.
On the technology side, Flux is actively developing ‘Proof of useful work’ (PoUW) to solve a longstanding problem with proof-of-work cryptocurrency. PoUW will revolutionize GPU mining as the GPUs can solve real-world problems such as rendering, deep fake detection, training AIs, machine learning, and so on. In that way, the energy used by the GPUs will make the world a better place rather than be spent on solving random algorithms.
Flux will share PoUW technology with everyone, so it will help every proof-of-work project become more sustainable. It will make proof-of-work cryptocurrency a force for good rather than a scapegoat for damaging the environment.
There you have it! You now know why we think Flux is unique. We challenge you to find a project like it (Hint: There isn’t).
Don’t take our word for it; we invite you to come to see for yourself.
One of the critical tenets of blockchain is ‘Do your own research. And we expect you to do so; please seek out information on Flux on your own and make your own informed opinion on it. Once you’ve done that, please come share your opinion with us.
Flux is fueled by community, so we invite you to come to take part. All are welcome; it doesn’t matter if you’re interested in technology, an investor, a developer, or just like to make crypto memes all day. Flux needs all kinds of people to participate in the decentralized future.
Come check out the official Flux website hosted on the Flux decentralized network. Learn about the Flux ecosystem and see what’s on offer.
If you want to witness what Flux has built so far, visit the Flux network dashboard and see how many nodes we’ve got online, check out the massive resources available to the network, see what decentralized apps are running and what the current rewards are for Flux node operators.
And also, please do stop by the Flux discord to meet the Flux team and community and discuss all things Flux; we’re always on the lookout for new community members or developers.