Flux MEGA Thread.
We will discuss Web3, Tokenomics, Technology and Development in order to help you understand Flux and its' role in the future better.
#Flux
/THREAD
We will discuss Web3, Tokenomics, Technology and Development in order to help you understand Flux and its' role in the future better.
#Flux
/THREAD
I am of the belief that:
Web 3.0 realizes all our dreams in a new and immersive world built on the internet.
It is a web transformed by advances in AI, VR, IoT, and blockchain technology to such a level that we all will be living on this Web in a short time.
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Web 3.0 realizes all our dreams in a new and immersive world built on the internet.
It is a web transformed by advances in AI, VR, IoT, and blockchain technology to such a level that we all will be living on this Web in a short time.
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Currently,
Amazon Web Services dominates the internet at the moment.
However.
Blockchain has more to offer.
A secure, distributed, and decentralized infrastructure is critical to establishing freedom in a Web 3.0 dominated world.
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Amazon Web Services dominates the internet at the moment.
However.
Blockchain has more to offer.
A secure, distributed, and decentralized infrastructure is critical to establishing freedom in a Web 3.0 dominated world.
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For an understanding of what Web 2 is conceived of.
And a brief introduction to #Flux.
I recommend reading this thread:
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And a brief introduction to #Flux.
I recommend reading this thread:
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https://twitter.com/Crypto8Fi/status/1474409151426183178?s=20
Let us ask the question:
What is Flux?
Flux is a decentralized cloud computing network on the Flux blockchain, which utilizes Proof-of-work (PoW) consensus mechanism.
We will be discussing what problems Flux addresses and how it aims to solve them...
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What is Flux?
Flux is a decentralized cloud computing network on the Flux blockchain, which utilizes Proof-of-work (PoW) consensus mechanism.
We will be discussing what problems Flux addresses and how it aims to solve them...
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There are many projects aiming to solve a small handful of blockchain problems.
Competition is good until it realises the law of diminishing marginal returns.
Where competition leads to a waste of resources such as money/time.
So what exactly does Flux solve?
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Competition is good until it realises the law of diminishing marginal returns.
Where competition leads to a waste of resources such as money/time.
So what exactly does Flux solve?
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Flux, rather than being a one stop solution to solve these problems.
It has provided the necessary development tools to speed up the usage of blockchain solutions.
Thus it has created a real world use case for its platform.
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It has provided the necessary development tools to speed up the usage of blockchain solutions.
Thus it has created a real world use case for its platform.
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In the Flux ecosystem, users are able to operate nodes to mine FLUX tokens rewards, purchase computational resources, and pay for network fees.
This means that projects currently working on:
-Single large scale blockchain problems save resources and time by leveraging Flux.
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This means that projects currently working on:
-Single large scale blockchain problems save resources and time by leveraging Flux.
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#Flux aims for new technologies to emerge faster with more real world use cases and advanced features.
One of the ways they do this is through #Flux Labs.
Which will be discussed later.
Flux will thus accelerate the mainstream adoption of crypto.
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One of the ways they do this is through #Flux Labs.
Which will be discussed later.
Flux will thus accelerate the mainstream adoption of crypto.
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In order to understand how this works.
We must first look at the underlying ecosystem:
-FluxNodes
-FluxOS
-XDAO
-Fusion
-FluxLabs
-Zelcore
Just to name a few...
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We must first look at the underlying ecosystem:
-FluxNodes
-FluxOS
-XDAO
-Fusion
-FluxLabs
-Zelcore
Just to name a few...
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Flux Nodes:
Decentralized computational network nodes that supply dedicated computing power, and generate rewards in Flux for powering the network.
FluxOS:
A second-layer operating application that allows users to run on Flux’s fully decentralized computational network.
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Decentralized computational network nodes that supply dedicated computing power, and generate rewards in Flux for powering the network.
FluxOS:
A second-layer operating application that allows users to run on Flux’s fully decentralized computational network.
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XDAO:
Flux governance is managed by a decentralized community that can submit and vote on proposals for the future of Flux.
Fusion:
The Fusion app allows users to swap and bridge FLUX tokens between different chains.
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Flux governance is managed by a decentralized community that can submit and vote on proposals for the future of Flux.
Fusion:
The Fusion app allows users to swap and bridge FLUX tokens between different chains.
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It is important to note that Flux initially started as zelcash, however was rebranded to flux on march 27th 2021.
Flux is a fork of zcash, however strives to implement necessary security and performance improvements as flux commits to its own code.
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Flux is a fork of zcash, however strives to implement necessary security and performance improvements as flux commits to its own code.
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$Flux is also a distributed ledger.
A database that is consensually synchronized across multiple sites, institutions, or geographies, accessible by individuals.
Allowing for a complete efficient asset that can operate seamlessly with every module in the ecosystem.
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A database that is consensually synchronized across multiple sites, institutions, or geographies, accessible by individuals.
Allowing for a complete efficient asset that can operate seamlessly with every module in the ecosystem.
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Flux itself is a governance Proof of Work coin and distributed ledger with the main usages of being:
-Secure blockchain
-Parallel assets
-Empowering
Now we have had a brief description, let's dive into some of the technology underpinning #Flux...
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-Secure blockchain
-Parallel assets
-Empowering
Now we have had a brief description, let's dive into some of the technology underpinning #Flux...
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Technology as a PoW blockchain:
The core idea of Flux is to encourage miners to publish near miss PoW solutions as sub-blocks, forming so called sub-chains between each two consecutive blocks.
Flux can facilitate faster and better estimates as particular transactions...
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The core idea of Flux is to encourage miners to publish near miss PoW solutions as sub-blocks, forming so called sub-chains between each two consecutive blocks.
Flux can facilitate faster and better estimates as particular transactions...
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Will be eventually included in the main chain through its transaction processing mechanism.
Furthermore, #Flux introduces a better alternative reward distribution mechanism, thereby reducing the payout variance of participating miners.
Let's look at FluxNodes further...
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Furthermore, #Flux introduces a better alternative reward distribution mechanism, thereby reducing the payout variance of participating miners.
Let's look at FluxNodes further...
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FluxNodes are unique.
They recquire highly available enterprise grade hardware along with sufficient Flux collateral to operate on the network and provide real useful computing power.
Operating Flux nodes are available to with recquired Flux and hardware.
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They recquire highly available enterprise grade hardware along with sufficient Flux collateral to operate on the network and provide real useful computing power.
Operating Flux nodes are available to with recquired Flux and hardware.
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In simple terms,
This makes the network decentralised in both geography and individuals.
It also increases demand for Flux, as people compete for node rewards.
Considering there is a fixed supply.
This adds to the intrinsic price value for the token itself.
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This makes the network decentralised in both geography and individuals.
It also increases demand for Flux, as people compete for node rewards.
Considering there is a fixed supply.
This adds to the intrinsic price value for the token itself.
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We have mentioned Zelcore already.
What is #Zelcore?
-@Zelcore offers custody of over 250 crypto assets, and 25,000 digital assets on ravencoin, neo and ontology.
-Built in trading services of major centralised exchanges and quickswap services
-A "one stop fits all" app.
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What is #Zelcore?
-@Zelcore offers custody of over 250 crypto assets, and 25,000 digital assets on ravencoin, neo and ontology.
-Built in trading services of major centralised exchanges and quickswap services
-A "one stop fits all" app.
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In terms of security:
Rather than a seed phrase.
A username/password scheme secured by salts is more convenient for people using their crypto wallets daily.
A second layer passphrases, biometrics and unique decentralized two factor authentication system ZELID is used.
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Rather than a seed phrase.
A username/password scheme secured by salts is more convenient for people using their crypto wallets daily.
A second layer passphrases, biometrics and unique decentralized two factor authentication system ZELID is used.
/20
We mentioned FluxLabs briefly earlier.
Glad to see your still here,
Flux labs is an acceleration program of flux technologies for Blockchain and technology pace projects.
This is crucial for adoption into the Flux ecosystem.
There are 3 main aspects FluxLab focuses on...
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Glad to see your still here,
Flux labs is an acceleration program of flux technologies for Blockchain and technology pace projects.
This is crucial for adoption into the Flux ecosystem.
There are 3 main aspects FluxLab focuses on...
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The 3 main functions when helping projects are:
-Beneficial specific use case and adoption into blockchain
-Structured brainstorming workshops with projects
-Marketing for new technologies and partnerships
To join #Flux labs projects need to be operational...
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-Beneficial specific use case and adoption into blockchain
-Structured brainstorming workshops with projects
-Marketing for new technologies and partnerships
To join #Flux labs projects need to be operational...
/22
For developmental phases and have a review business model.
It is therefore creating a community of Blockchain technology entrepreneurs expert mentors and investors where the network is leveraged to support and develop start-ups.
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It is therefore creating a community of Blockchain technology entrepreneurs expert mentors and investors where the network is leveraged to support and develop start-ups.
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The flux ecosystem benefits from each and every partnership as diverse technologies are adapted.
Think value.
Flux token will be interacted with significantly more.
With legal, technical and buisness guidance FluxLabs will provide.
Projects will compete to build.
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Think value.
Flux token will be interacted with significantly more.
With legal, technical and buisness guidance FluxLabs will provide.
Projects will compete to build.
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Parallel assets will help the DeFi system to grow in 2022.
A very good article here:
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fluxofficial.medium.com/flux-parallel-…
A very good article here:
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fluxofficial.medium.com/flux-parallel-…
Let's move on to the tokenomics of Flux...
FLUX is the native token of the project. The current use cases for FLUX include:
-PoW mining
-Node Collateral
-Payment Currency
-Governance
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FLUX is the native token of the project. The current use cases for FLUX include:
-PoW mining
-Node Collateral
-Payment Currency
-Governance
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PoW mining:
Users running Flux nodes can mine for FLUX tokens by participating in the proof-of-work (PoW) consensus mechanism to secure the Flux network.
Node collateral:
Users will have to lock FLUX tokens for running Flux nodes, this is done to mitigate any bad actors.
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Users running Flux nodes can mine for FLUX tokens by participating in the proof-of-work (PoW) consensus mechanism to secure the Flux network.
Node collateral:
Users will have to lock FLUX tokens for running Flux nodes, this is done to mitigate any bad actors.
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Payment currency:
Users can use FLUX tokens to pay for Flux network services (i.e. hosting applications on the Flux network) and cross-chain bridge fees.
Governance: Flux node operators can participate in the governance of Flux based on locked $Flux tokens.
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Users can use FLUX tokens to pay for Flux network services (i.e. hosting applications on the Flux network) and cross-chain bridge fees.
Governance: Flux node operators can participate in the governance of Flux based on locked $Flux tokens.
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As an investor and even a trader,
It is important to know the roadmap of the project
What is happening in Q1 2022 for #Flux?
• Enterprise Outreach for Flux
• Parallel asset under review - AVAX, MATIC, ATOM & ADA
• NFT's on Flux
• Project “Nebulous”
And more..
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It is important to know the roadmap of the project
What is happening in Q1 2022 for #Flux?
• Enterprise Outreach for Flux
• Parallel asset under review - AVAX, MATIC, ATOM & ADA
• NFT's on Flux
• Project “Nebulous”
And more..
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• Dibi Fetch Oracle v3.0
• FluxOS UI - v3.0
• Flux OS fork phase 2 - Compose
• Enterprise onboarding - Website
• Fusion 2.0 Project - “Jetpack”
• New Benchmark
• Storage Nodes - Project “Thunder”
In terms of precision and delays.
Flux thus far has been flawless.
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• FluxOS UI - v3.0
• Flux OS fork phase 2 - Compose
• Enterprise onboarding - Website
• Fusion 2.0 Project - “Jetpack”
• New Benchmark
• Storage Nodes - Project “Thunder”
In terms of precision and delays.
Flux thus far has been flawless.
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It is important to discuss community.
Some projects have erected walls to their community.
Flux. Does not.
The community is amazing. As are the team. It has been great to see them on @shotsbymatta videos.
Even the communication in DM has been very responsive and fast
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Some projects have erected walls to their community.
Flux. Does not.
The community is amazing. As are the team. It has been great to see them on @shotsbymatta videos.
Even the communication in DM has been very responsive and fast
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Which leads me on to say that as an investor,
Once fundamentals align, I preferrably want to only place my money in projects who care about their community and are always willing to address any concern from any individual.
It goes to show many things about a project....
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Once fundamentals align, I preferrably want to only place my money in projects who care about their community and are always willing to address any concern from any individual.
It goes to show many things about a project....
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Here are some Official Links to Flux:
• Website. runonflux.io
• Medium. fluxofficial.medium.com
• Twitter. @RunOnFlux
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• Website. runonflux.io
• Medium. fluxofficial.medium.com
• Twitter. @RunOnFlux
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In summary,
Looking at these fundamentals, it is hard not to be bullish.
I have been DCAing in since my last thread and am continuing to do so.
I think there's a powerful narrative being constructed around Web3 and I am looking forward to seeing Flux in 2022.
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Looking at these fundamentals, it is hard not to be bullish.
I have been DCAing in since my last thread and am continuing to do so.
I think there's a powerful narrative being constructed around Web3 and I am looking forward to seeing Flux in 2022.
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Thanks for reading! If you liked this thread, please help me get it out to more people by RTing/Favoriting the first tweet, linked below:
https://twitter.com/Crypto8Fi/status/1477298122950942721?s=20
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