To celebrate Flux reaching 10,000 live nodes, Daniel held an impromptu AMA.
You can watch back the AMA on YouTube here: https://www.youtube.com/watch?v=ipC4UKwUnSk
What is Flux?
Flux is a comprehensive suite of decentralized computing services and blockchain-as-a-service solutions. The Flux ecosystem consists of: Fluxnodes’ decentralized infrastructure, FluxOS cloud operating system, Zelcore self-custody multi-asset wallet and blockchain app suite, and finally the Flux blockchain for on-chain governance, economics, and parallel assets to provide interoperability with other blockchains and DeFi access.
Flux provides the critical, high availability infrastructure for the New Internet. Projects and development teams are not forced to rely on the Flux blockchain to utilize FluxOS, so they have access to necessary infrastructure while maintaining all the unique properties of their own chains. Flux makes up one important piece of a well-balanced distributed computing portfolio focused on the next generation of the Internet.
Here is a written summary of the AMA
Question: If all the available Flux tokens are locked up in nodes, how will app developers pay to deploy their app on the Flux network?
This particular situation is extremely unlikely, due to the economics of Flux and financial markets in general. However, Flux has the ability to be divisible into Micro Flux, down to 0.0000001 FLUX. Much like how bitcoin has satoshis, Flux may be traded in the Micro rather than in whole tokens.
As for the payment of deployment, this can be evaluated and adapted to match the current price and availability of Flux to ensure the system works.
Question: How will the Flux economic model change when the last Flux is mined?
It is estimated that the last Flux token will be mined in around 125 years time. Between now and then, there is plenty of time to make decisions to adapt the economic model to suit the current landscape.
Question: When can we expect the new internet speeds benchmarks to be implemented?
The Flux team plan to gather quantitive data of internet speeds across all nodes on the network before enforcing this benchmark, however this benchmark will be necessary for Flux to provide enterprise grade performance.
The Flux team assures that the internet speeds benchmark will be as low as feasible, without any compromise to the output of the Flux network as an industry leading Web3 computing network.
Question: Will node operators be rewarded a share of the incoming Flux from developers paying for dApp deployment?
Currently, the cost to launch a dApp on the Flux network is at break even. This price model is to draw in new developers and get the Flux network working. It is planned that this Flux income stream will go back to the foundation (which now has over 50 developers and team members) to allow for the continued support and development of Flux, however in the future, a community xDAO can be used to allocate this Flux income stream.
Question: What is the plan for additional revenue streams for node operators?
Currently, node operators are paid the Flux block reward in a round robin queue system. There is no plan to change this, and as more nodes come online, the income from this stream is likely to decrease further. However, there will be two other ways for node operators to increase their income in the future.
Firstly, nodes will be further specialised into class, where each class will focus on a specific use case or function. For example, a currently unannounced node tier will be picked to run project Thunder, a data persistence node which will focus on storage of data and databases long term (such as NFT media). These classes will each have their own tiers and benchmark requirements, and will result in additional incentives for the operator.
Secondly, Flux Labs projects and marketplace apps will provide rewards to node operators in their project’s reward token, much like the current KDA and Presearch on flux nodes.
Question: Will it be possible to make data and codebase private when deployed on project Thunder?
Yes. Persistent storage nodes will store data securely and privately, however the current running test of Thunder nodes does not yet store data privately.
Question: How does Flux plan to combat the dilution of block rewards for nodes, to the point where an operator may be waiting months between node rewards?
Flux has no plans to change the economic structure of Flux or block rewards. As previously mentioned, more nodes results in more opportunities for node operators to actively generate income.
However, Titan nodes can provide investors some stability and resistance to varying APY or the issue of missed rewards due to nodes going offline, locking collateral for 3 months, 6 months, or 1 year at a time.
Question: Will we be able to view the dApps currently running on the Flux network and how much resources they are using?
Yes! Jetpack 2.0 will provide a dashboard with metrics and data of dApps running on the network in real time, as well as the network’s capacity and processing power. This live data can be used to generate comparisons between Flux and the other Web3 projects or Web2 products, such as AWS or Microsoft Azure. API integrations for all this data and more are also planned for Jetpack 2.0.
Question: What prevents illegal data being hosted on Flux?
Currently, everything deployed on the Flux network is vetted by the Flux dev team. However, in the future, anything deployed onto Flux will need to adhere to the community terms of service, governed by an xDAO.
Ultimately, Flux is not responsible or liable for what is deployed on the Flux network, as no one entity controls or owns Flux. The responsibility and ownership of data on the Flux network goes back to the user who deployed it in the first place (which can be tracked using ZelID).
Question: Will NFTs be coming to Flux?
NFTs are made up of two pieces; the smart contract/token that governs and represents the NFT on the blockchain, and the digital media linked to the token.
With plans for ZelCore to support NFTs, Flux is well suited to provide the backend decentralised data storage and persistence for NFT media through upcoming project Thunder.
Question: Is there a limit to how many Parallel Assets can be deployed on Flux?
No, Flux would love to have a Parallel Asset on every chain it possibly can, and allow Flux to interconnect chains and Web3.
Question: Are there going to be anymore Parallel Asset airdrops after the initial 10?
There are no plans to continue running Parallel Asset airdrops after the tenth airdrop has completed. Additionally, every snapshot proceeding the May 5th snapshot will give an increasingly lower percentage of PAs to total Flux balance, as a part of Flux’s deflationary economic model.
Question: Will there be a maximum amount of Titan nodes?
Initially, Titan nodes will only be deployable by trusted community members, the foundation, and trusted partners. This will be temporary to allow Flux to ensure the smooth functionality of Titan nodes and that the proper working systems are in place.
After this trial period, a limited number of Titan nodes will exist on the network, which the Flux team will keep tabs on to ensure they are functioning correctly and setup correctly under the hood. These nodes will be deployed staggered, to ensure both that they are spread across all regions of the world, and that they don’t all expire simultaneously.
Question: Will Titan nodes be situated with consideration to green energy or renewable solutions?
Yes! Flux plans to make a massive push for greener tech, and part of this will be planning Titan nodes around greener tech. Flux strives to reduce the carbon footprint of running all this technology, and PoUW is another example where Flux intends to not let a single byte go to waste.
Question: Can you provide more details on PoUW (Proof of Useful Work) and when we can expect more from it?
PoUW will revolutionise the way we mine cryptocurrencies. PoUW will utilise the entire computing capacity of graphics cards to provide useful work to the Flux network (such as graphics intensive tasks such as rendering videos or generating computer simulations). This will all be possible with a new mining algorithm that is still in development. Flux plans to make this algorithm Open Source, changing the cryptosphere forever. More details are planned for Q3-Q4.
Question: Are there any details about the M-group marketing announcement?
Flux decided to partner with M-Group as part of a greater strategy for Flux to focus more on enterprise customers. Flux will be changing how it markets to give a more coherent and professional standard of marketing. This can already be felt in the likes of Flux’s medium articles, which have made more of a focus on the technical and logistical details, as well as changes to the Flux team internally.
This does not mean Flux is ditching its retail marketing strategy, quite the opposite in-fact. The Flux Army provide a strong community push and Flux ambassadors continue to play a key part of the Flux marketing push around the world.
Question: If a Venture Capital wanted to get involved with Flux, how best could they go about it?
Buy! The Flux team do not sell tokens, and have never sold tokens. Flux can only be bought publicly.
Question: Are there any plans to hold public developer meetings?
Yes. Flux plans to hold public developer meetings, likely on a Saturday, that you can tune into and have limited interaction with.
Question: Are Multi-sig wallets in the plan for Flux and ZelCore?
Multi-sig wallets are planned for both Flux and ZelCore. Titan nodes will require multi-sig wallets for their shared collateral lockups, and currently Flux multi-sig wallets do exist in a test environment.
Question: How do I go about joining the Flux team?
The best way would be to join the Flux Official Discord and grab a moderator who can point you in the right direction.
Question: Will there be incentives to run Flux nodes on bare-metal (at home hosting)
Yes. More details will be announced in Q3.
As an added point, Cirrus nodes will almost exclusively run on bare-metal.
Question: How will Flux know if you are hosting at home, as opposed to hosting with a cloud provider?
This will be left largely up to the community to decide. IP address is the easiest vector, but the Flux team are hard at work with other solutions. More to be announced Q3.
Question: Is there any plans for a ZelCore hardware wallet?
It is on the shortlist. It is planned for ZelCore to provide the UI frontend of a hot-wallet, and then the hardware wallet to provide the cold storage for your assets. This integration will allow users to utilise all the functionality of ZelCore and Flux nodes, with the protection and ownership of a hardware wallet. Planned for sometime next year.
To learn more about Flux, visit Flux — Decentralized Cloud Infrastructure (runonflux.io)
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