Flux crypto 20228/13/2023 This video today is not talking about any of those types of projects nor am I telling you not to invest in those types of projects either, I’m currently invested in some and I probably will invest in a few more as time goes on but at the end of the day, these high APY projects are what I like to classify in my portfolio as degen investing. However, unlike Dash, these rewards that they’re offering new investors range anywhere from a 300% APY to upwards up hundreds of thousands of percent APY. They’re relying on new investors and third-party money to keep these projects afloat. Its similar to what Dash did in the beginning. So the blockchains can flourish with this wave of new projects that are being built out on them. The reason why they’re doing this is so they can build out the infrastructure on these new blockchains such as Avalanche, Ethereum, Cronos, and so on. However, these Nodes as a Service type projects that are popping up now are just rewarding the users for the purpose of creating the nodes. And then about one year after that, it was sustainable and no longer needed third-party investments to survive. It launched in early 2014, and then five months later launched at service nodes. The first-ever node as service crypto to launch was Dash. And this is where we start to get into the problem within the current node space of crypto. There can be no true decentralization without miners securing the Flux blockchain.There are master nodes and then there are service nodes or Nodes as a Service. “Flux will forever be an ASIC-resistant proof of work GPU mineable coin. Nonetheless, the team sees PoW as the “only viable future” and welcomes GPU miners to participate in securing the Flux chain. Ethereum is set to fully transition to a Proof-of-Stake (PoS) chain, leaving the existing PoW miners behind. Interestingly, the team is encouraging Ethereum PoW miners to join the Flux ecosystem. However, other than suggesting Flux as the “perfect infrastructure to power” Web3 gaming, it did not disclose specific gaming projects developing on the chain. In short, the piece made a case for incentivizing and rewarding gamers, not the currently dominant mega-corporations. Its latest post explains why GameFi is set to challenge the current paradigm ruled by Sony, Nintendo, and Microsoft. There have been no specific new fundamental developments on Flux recently. Tied with strategic partnerships to develop the ecosystem via its incubator program, Flux hopes to bring “usable blockchain products to the masses in easy-to-use applications.” Latest developments The Flux ecosystem system offers this technology via a “digestible set of tools.” The team believes there is a need to approach blockchain-based decentralized cloud infrastructure using a standardized approach. Running hardware requires staking FLUX, and bad actors face token seizure for illegitimate actions. “ The Flux Ecosystem is a suite of decentralized computing services and blockchain-as-a-service solutions which offer an interoperable, decentralized, AWS-like development environment.“Īt the heart of the ecosystem is the native FLUX token, which is used to incentivize hard ware hosters, facilitate on-chain governance, and mitigate bad actors. Per the project’s whitepaper, the team intends to tackle the issue of “unresolved blockchain needs” via the provision of “digital infrastructure to support the future.” What is FLUX?įlux has set its sights on becoming the leading scalable next-gen decentralized cloud architecture solution. Previously known as Zelcash or Zel, Flux rebranded in March 2021. Bull exhaustion has since set in at writing, taking Flux below the previous day’s close. On July 12, Flux bottomed at $0.394, providing the spur for a phenomenal runup that peaked on Sept. Since August 6, Flux (FLUX) has increased in value by 130% and entered the top 100 cryptocurrencies by market cap, according to CryptoSlate data.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |