Bittime -Fluence is present as an innovative solution that offers a decentralized cloud computing platform (DePIN) supported by blockchain technology. Fluence offers a global, scalable, permission-free alternative to traditional cloud computing platforms.
This makes Fluence an attractive solution for a variety of business people, from start-ups to large companies (Whales) who need flexible and cost-effective computing resources (estimated to be 60-80% cheaper than centralized clouds).
Fluence Scheme of Work Breaks the Shackles of Traditional Cloud
Fluence works by bringing together a network of computing resources and building a non-cloud stack to run various calculations. The platform consists of two main components:
Fungi Non-Cloud (Aqua)
Powered by the Aqua protocol, the non-cloud functionality ensures secure data execution without relying on a specific cloud provider. Aqua also serves as a scripting language for the domain, enabling seamless integration of pi number calculations within Fluence.
Commands created using Aqua are known as Cloudless Functions, which can operate across multiple clouds and servers.
Computing Functions (Marine)
The compute function, executed by the Marine WebAssembly (Wasm) runtime, handles the actual processing of a given task.
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Aqua: Cloud Unlimited Security
Aqua, as the core of the Fluence protocol , ensures secure and verified data execution. With Aqua, users don't have to worry about being tied to a specific cloud provider, eliminating potential points of failure and increasing the overall resiliency of the platform.
Additionally, Aqua offers incredible flexibility, allowing users to run cloud-free functions across a variety of computing environments.
Marine: Efficient Calculation
Marine, the WebAssembly runtime (Wasm), is responsible for the actual processing of the assigned tasks. WebAssembly is a file format designed for secure and efficient code execution across multiple platforms, making it an ideal choice for decentralized computing environments like Fluence.
Subnet
Fluence uses the concept of subnets to improve scalability and security. A subnet is a private network that allows users to perform certain functions in an isolated environment. This is useful for scenarios where sensitive data needs to be processed or when users want to control access to certain functions.
Tokenomics and Use of FLT
Fluence uses a native token, FLT, to facilitate transactions and governance on the network. Following are some of the main functions of FLT:
- Payments and Incentives: Computing service providers earn FLT tokens in exchange for the resources they provide. Additionally, providers need to stake FLT tokens to participate in the network. This creates a healthy incentive mechanism, ensuring the availability and reliability of computing resources.
- Governance: FLT token holders have a say in the governance of the Fluence network. They can participate in important decisions that affect the future of the platform.
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The Team and Investors Behind Fluence
Although detailed information about the Fluence development team has not been made public, the platform has managed to attract the interest of high-profile investors. In its initial funding round, Fluence raised $6 million USD from investors such as Distributed Global, 1kx, Blockchange Ventures, INBlockchain, and Dekrypt Capital.
Recently, Fluence received another injection of $9 million USD in its Series A funding round. Some of the leading investors involved include Multicoin Capital, Alameda Research, Tiger Global, Protocol Labs, Polymorphic Capital, Signum Capital, Inception, Arweave.org , and UOB Venture Management.
This strong financial backing is an indicator of investor confidence in Fluence's potential to revolutionize the cloud computing landscape.
Conclusion
Fluence offers innovative solutions to overcome the limitations of traditional cloud computing platforms. By combining blockchain technology and the DePIN concept, Fluence gives users greater control, improves data security, and delivers a cost-effective solution.
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How to Buy Bitcoin (BTC) on Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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