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In today's digital landscape, centralized cloud servers have exposed businesses and individuals to vulnerabilities and limitations, from data breaches to downtime. However, a pioneering solution is on the horizon: Fluence, a revolutionary force in decentralized computing.
Fluence isn't just another cloud computing platform — it's a paradigm shift. By offering a revolutionary cloudless computing environment, Fluence empowers developers and users to harness the full potential of decentralized technology. With Fluence, security vulnerabilities and limitations of traditional cloud servers become a thing of the past.
Read on to learn how Fluence aims to create a resilient, accessible, scalable and verifiable compute ecosystem that empowers developers and users alike to take control of their computing resources.
Key Takeaways:
Fluence empowers developers and users with a cloudless computing platform that prioritizes security, reliability and decentralization.
The Fluence network is governed by a transparent and community-driven Fluence DAO, ensuring collective ownership and decision-making.
FLT, Fluence's native token, is used for staking, gas payments and governance, facilitating participation and decision-making within the ecosystem.
Fluence is a decentralized, serverless computing platform and marketplace that serves as a permissionless, scalable and secure alternative to centralized cloud computing platforms. With Fluence, developers and users can harness the full potential of decentralized technology, prioritizing security, reliability and decentralization.
Developers can leverage Fluence to build and deploy a wide range of applications, backends, APIs and digital services. Fluence's open-source, peer-to-peer (P2P) development platform offers a developer experience similar to traditional serverless clouds, but goes a step further by allowing developers to choose and change providers freely and manage an app's execution over a distributed network.
Unlike traditional cloud platforms, Fluence allows developers to verify that their apps are being used as intended, and that computations are performed correctly by checking proofs posted by providers on-chain. Additionally, Fluence seamlessly integrates both Web 2.0 and web3 data storage and management platforms, enabling developers to plug data inputs and outputs for application execution.
Compute providers can earn rewards by offering their connected devices for rent on the marketplace. Any devices — from professional rigs and data centers to personal computing devices like laptops or mobile phones — can be used, and the device setup process is simple. However, it’s crucial to note that customers usually prefer devices with better hardware and internet access, due to their better performance.
Providers earn revenue from developers paying for served applications, as well as via Fluence tokens rewarded for contributing to network performance and latency improvements.
The Fluence network is governed by the Fluence DAO, which ensures transparency through the collective participation of token holders in the protocol’s development and decision-making processes. This dynamic fosters a collaborative and community-driven ecosystem.
The Fluence DAO grants significant voting control to the on-chain DAO while enforcing measures to safeguard the project against rogue votes and potential attacks. Additionally, the Fluence DAO offers a legal framework to protect on-chain voters from legal liability in case of a security breach.
Token holders are also incentivized to help secure Fluence's compute model by staking for compute hardware to support hardware availability and correct compute job execution. In return, stakers are rewarded with additional tokens.
The Fluence protocol underpins a network of compute resources and defines the cloudless stack for executing computations. It comprises two key components: Cloudless Functions, powered by the Aqua protocol, and Compute Functions, driven by the Marine WebAssembly (Wasm) runtime.
Cloudless Functions, named for their ability to operate across clouds, servers and various geographies, handle essential tasks such as service discovery, routing, load balancing and fault tolerance. These distributed functions are expressed as Aqua scripts, and drive both applications and the Fluence protocol itself.
The Compute Functions are akin to serverless cloud functions encompassing various computations. They’re essential for tasks ranging from data processing to complex algorithms. Compute Functions leverage the capabilities of Marine, a WebAssembly runtime enabling multi-module execution to execute computations within a single machine, thereby ensuring fast and reliable processing of tasks.
The security, reliability and transparency of the Fluence network are guaranteed through the interplay of several unique features: Subnets, Proofs of Compute, Aqua Security, Proof of Processing and Proof of Execution.
Subnets replicate Compute Functions to facilitate robust data storage and processing capabilities. They support critical functions, such as data caching, indexing and querying, offering developers customizable options for better performance and reliability.
The integrity of all executions is ensured through cryptographic proofs, a process integral to Proof of Compute. Providers generate proofs for their computations, which customers require for payment validation. Aqua Security enhances this by validating execution traces of Cloudless Functions, ensuring correct operation and discarding erroneous executions.
Proof of Processing enforces probabilistic validation on-chain for Aqua executions, verifying computations and rewarding providers accordingly. Additionally, Proof of Execution provides cryptographic proof for each code execution on Fluence, validated by participating nodes and contributing to Proof of Processing.
The Fluence platform also operates an on-chain marketplace, powered by the InterPlanetary Consensus (IPC) blockchain framework, which matches compute providers with customers seeking compute resources. It operates on a completely permissionless basis, allowing any provider to participate and publish their available compute capacity.
The marketplace ensures the availability of advertised resources through Proof of Capacity, rewarding providers proportionally. Each provider has to submit a specific amount of Proof of Capacity in order to earn FLT rewards. Customers can select providers based on price and other parameters, or publish work with required max prices for provider pickup, with Deals created on-chain to record financial and technical details for each application deployment.
Anchored on Filecoin's mainnet, Fluence's IPC subnet leverages Filecoin's smart storage capabilities, facilitating compute operations on data stored within the Filecoin network. The marketplace ensures swift, low-cost transactions to support the renting of compute resources at any scale, thereby allowing the platform to support an exponential increase in verified compute demand as adoption grows. Furthermore, IPC provides Fluence with advanced cryptographic proof verification capabilities, including the verification of zero-knowledge proofs (ZKPs) such as Proof of Capacity.
FLT is the Fluence platform's native token, used for staking, gas payments and governance.
Compute providers run the hardware and earn FLT for contributing their compute supply to the network. The activated hardware then generated Proofs of Capacity.
Token holders act as delegators to stake FLT on a provider, or across multiple providers, to diversify their staked FLT and earn a portion of the revenue generated. The rewards aren’t distributed immediately, but are vested daily over six months in order to incentivize compute providers to operate reliably. If the provider fails to execute the job correctly, the stake will be slashed by 0.3% every day, up to a maximum 1.5% slashing ratio, during which the stake is returned to the delegator.
The on-chain DAO empowers FLT holders to use their tokens to create and vote on proposals concerning treasury management, protocol upgrades and other essential directives.
FLT has a total supply of 1 billion tokens, with an initial circulating supply of 50 million tokens. In addition, 450 million tokens will be released over 24 months after the token launch.
FLT token distribution is as illustrated below:
Fluence offers a compelling investment opportunity with its open, distributed P2P protocol designed for credible neutrality. Here's why it stands out:
Permissionless — Fluence imposes no restrictions on participation, allowing anyone to join as a provider or customer without facing barriers to entry and democratizing access to computing resources.
Censorship Resistance — Fluence cannot be censored, providing freedom for users and executions, regardless of local regulations.
Trust Minimization — Fluence's Aqua protocol ensures cryptographic security and auditability for every execution, reducing reliance on individual providers.
Collective Ownership — The Fluence DAO and on-chain DAO work in conjunction to collectively manage protocol development and fund distribution openly and transparently.
Moreover, Fluence stands out as the first project to launch on InterPlanetary Consensus (IPC), a groundbreaking scaling technology developed by the creators of Protocol Labs, Filecoin and IPFS, so it benefits from advanced scaling technology and cryptographic proof verification capabilities. In addition, Fluence enables significant cost savings, offering 60–80% lower prices as compared to centralized cloud providers. This cost efficiency makes Fluence an attractive option for businesses and individuals looking to optimize their computing expenses.
Based on these factors, Fluence definitely looks to be a promising investment. Nevertheless, it’s vital to exercise caution and responsibility by conducting thorough research on any crypto project before you invest in Fluence or any cryptocurrency. This is especially true for new altcoins like Fluence, which may experience greater market volatility.
Users interested in FLT can sign up for a Bybit account and trade with Bybit Spot for the FLT/USDT pair.
From May 23 to Jun 6, 2024, you can participate in two events for a chance to win a share of the 1,950,000 FLT prize pool. The first is a Token Splash event in which you can deposit or trade FLT to earn from a 1,900,000 FLT prize pool, while the second is a 50,000 FLT Referral Boost event in which you can easily earn 10 FLT for every successful referral (up to 10 total) to join the FLT Token Splash event.
In conclusion, Fluence is poised to revolutionize internet infrastructure through its decentralized computing platform. By providing developers and users with a secure, scalable and permissionless alternative to centralized cloud computing, Fluence will empower individuals and businesses to take control of their computing resources.
With its commitment to credible neutrality, community governance and advanced technology like IPC, Fluence presents a compelling investment opportunity for those seeking to participate in the future of compute infrastructure. As Fluence continues to innovate and expand its ecosystem, it holds the potential to reshape the digital landscape and pave the way for a truly decentralized internet infrastructure.
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