The decentralized future of the internet starts with a Web 3.0 ecosystem supportive of innovationThe internet is on the path to being ruled by corporations, that is unless blockchain technology can be used to support the decentralized future.
Decentralization becomes essential as internet infrastructure becomes consolidated in the hands of a few large corporations. The onus is then placed on corporations to become good stewards of the internet, which perhaps few of them are. Unfortunately, while many users have become skeptical about how their data is being used, there is little available as an alternative to the centralized solutions available today.
To accelerate the concept of a decentralized internet and give users a legitimate alternative to the setup that exists today, businesses need an infrastructure standard that makes it easy for them to provide their offerings. Similar to how Amazon Web Services (AWS) provides businesses with the back end to create sophisticated applications for users, a solution needs to be in place to help organizations of every industry run their own blockchain use cases. By making the previously expensive and time-consuming back end available, more decentralized applications can be made available to users, empowering them to leave behind the centralized internet that is primarily used today.
As a result, the next generation of blockchain technology requires answers to two problems, decentralizing the internet and creating a standard approach to implementing technology for real use cases. Flux later arose to address both these concerns.
As stated by the team,
"Flux is building the decentralized future of the Internet. It's a magical constellation of talented and highly motivated people, an innovative and free spirit, and awesome blockchain technology." The team has now indicated they have over 2200 nodes ready to serve up all the decentralized applications of the next-generation internet.
An entire ecosystem of parts
Currently, Flux is made up of a native minable proof-of-work (PoW) cryptocurrency (FLUX), a decentralized computational network known as FluxNodes, a Linux-based operating system (FluxOS) and a blockchain app suite (Zelcore). Taken together, the ecosystem offers diverse functionality as an independent, community-driven, open-source project without the need for venture capital investors. Together, the Flux approach can challenge existing centralized institutions in a given business segment with a decentralized alternative, similar to Satoshi Nakamoto's original vision.
The network itself can run any dockerized app, making the development and deployment of an application relatively simple. One example of this is in the platform's partner, Kadena. The Kadena blockchain provides one of the fastest hybrid blockchain platforms globally and runs full nodes on the Flux network while simultaneously generating revenue for the Flux node and establishing Flux as the infrastructure platform for full node operations.
Flux leverages Infinity Contracts in a way that each DApp serves as a smart contract on Web 3.0. The result is that each contract is infinitely scalable, can be written in any programming language and integrated on any blockchain.
To further support interoperability, the team behind Flux has also developed technology to help bridge the gaps between blockchains, trading opportunities and decentralized finance (DeFi). This solution is achieved through parallel assets, which give Flux holders easy access to the decentralized world. Parallel assets are tokens that exist in the Flux ecosystem and reside on separate blockchains; currently, this might be one of 10 different chains. With these assets, users can “travel” between blockchains and provide them with the benefits of each of the chains at their disposal.
A decentralized push forwards
Currently, Flux has a computational network of 4000 decentralized nodes, 8,975 CPU cores, 34.32 terabytes of RAM, and 427 terabytes of storage. The network is now fully operational, includes many decentralized apps, and develops active partnerships with blockchain projects, businesses and app developers.
Flux has laid the foundation for the centralized corporate internet. Now it's time for users to develop, manage and create their own applications on multiple servers, all at the same time.