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.
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