Earlier today Flux and Terra announced that they both will be joining forces and as they put it "building a decentralized future together". But what do this really mean? Well for starters they will take advantage of Terra's fast growing ecosystem. That already has seen a number of projects of a whole variety of types, from Defi, Web3 to NFT. That is really great. But what does Flux bring to the mix you might ask? Seeing Terra already has a lot going for it on its own.
Flux vast Web3 decentralized infrastructure. To just gibe you the raw numbers: "Flux has a powerful decentralized computational network consisting of more than 11,000 Flux Nodes with a combined 78,000+ CPU cores, 238+ Terabytes of RAM, and 5,000+ Terabytes of storage" (1). And if you are not so tech savvy, let me put it in simpler terms. That is a lot of freaking computing power and storage.
So when you combine these two things. Terra with its, already vast variety of projects. Nano with this whole decentralized infrastructure. You have the recipe for something that truly can be amazing going forward. Or you can put it simply as:
Flux + Terra = Web3
And in case your wondering what this Web3 thing is. You have probably heard it mentions elsewhere as well. It is what many believe will be the future of the internet. The internet you are using at the current moment is known as Web2.0.
But is there more information about what is in the eminent future for this joining of the Mega Powers? And yes, that was a wrestling reference, for those of you who caught it bonus points. If you missed it. I guess you have some googeling to do. ^^ But back to the start of this Terra and Flux cooperation. In the news article they provide the following bulletpoints:
- Development of Terra on the Flux ecosystem to push for deeper decentralization.
- Flux will deploy decentralized apps from the Terra ecosystem on Flux infrastructure (Mirror, Anchor, and more). For more information on the Flux, network feel free to visit the FluxOS dashboard, which has information on network resources, node rewards, application deployments, and DAO governance.
- Launch of a Flux Token on the Terra blockchain. The Flux ecosystem utilizes parallel assets, or tokens on other blockchains to enable the Fusion cross-chain bridge. This provides the Flux ecosystem with better access to Defi as well as other development opportunities. A snapshot will be taken on May 5th. Eligible Flux holders will receive the initial distribution of Flux tokens on Terra at a later date.
- Launch of a Flux Token on the Terra blockchain. The Flux ecosystem utilizes parallel assets, or tokens on other blockchains to enable the Fusion cross-chain bridge. This provides the Flux ecosystem with better access to Defi as well as other development opportunities. A snapshot will be taken on May 5th. Eligible Flux holders will receive the initial distribution of Flux tokens on Terra at a later date.
- Users will also have the ability to import any Terra token they want. If some token is present on the Zelcore backend exchange engine, it will also be available to be swapped. Zelcore also provides direct access to centralized exchanges like Binance, Kraken, FTX, and more. (2)
But this will surly only be the start of things to come. But what will come, well only they who live shall see!
If you have liked this article, you can find several more like it in my blog. And you can find my blogs here and here.
See you on the interwebs!
(2): https://fluxofficial.medium.com/flux-and-terra-are-now-building-a-decentralized-future-together-b0842576fbd8
