Fluence Network: Abbreviated Introduction
The internet is dominated by a few tech giants who control infrastructure and user data. Such power concentration is negatively affecting the open-source movement, and as there is increasing digitization, the client-server model fails to provide a reliable and safe way of creating applications since it always gravitates towards centralized control.
In comparison to Web2 tools, Fluence Network claims to offer more flexibility regarding application design, leading to better scalability and higher security. While in comparison to other Web3 projects, Fluence asserts to add the missing Peer-to-Peer (P2P) compute layer to make Web3 systems interoperable without involving trusted parties and enable the creation of a whole new set of applications.
The Fluence protocol does not have a ledger or global network consensus at its core. It exists at the protocol layer stack and operates with regard to peers and their relationships, allowing to program any kind of distributed system, including blockchains and consensus algorithms.
There is a plan to release a governance token in the future.
Fluence Labs, a private company that has designed Fluence, is located in the United States. There has been an intent to turn over the treasury and Fluence network to the Fluence DAO.
The project is built by a team with a strong technical background, and several investors are backing it.
Fluence is live, and the community maintains three networks. However, additional milestones still need to be implemented.
Want access to the full breadth of our institutional-grade reports? Join our community of institutions and investors leveraging our industry-leading intelligence to navigate the world of crypto.
This Report is for informational purposes only and/or all or any of its content thereof, should not, may not, and will not be taken to constitute, either as a whole or in part, any investment advice or recommendation or similar, regulated, or authorized advice, and D-Core by producing, disseminating, giving away, or making available this Report does not, should not, may not and will not be taken to advise on investments, or carry out any similar activity, or any regulated activity or any other authorized activity. D-Core is not authorized by the Financial Conduct Authority or by any other competent EU or elsewhere or otherwise competent authority to carry out any regulated activities and/or any activities within the scope of these authorities’ competence.
D-Core excludes and disclaims all liability and/or responsibility whatsoever and/or howsoever caused, arising out of any actions, or omissions taken, or made by any authorized and/or other recipient of this Report in reliance on, or arising out of, or in connection with any or all content of this Report. Any authorized and/or other recipient of this Report acknowledges, accepts and agrees that they carry out their own independent research and act in their own sole risk in reading or using any or all information contained in this Report. In any event, recipients of this Report are urged to seek professional advice before making any potential investment decision in relation to the project described herein. Any authorized and/or other recipient of this Report accepts this Disclaimer in full. For the avoidance of doubt, this Disclaimer is binding against any recipient of this Report whatsoever.