Flux Protocol, the most efficient Oracle in the Decentralized Protocol Space
Hello it’s Palm again, I recently became aware of the fantastic Flux project. I am delighted to have been a member of the Foreteller family.
Flux is a cross-chain oracle aggregator that provides smart contracts with secure data streams about anything. The concept gives smart contracts and apps easy access to financially safe data.
It is a scalable and decentralized protocol that allows users to use on-chain data for any asset, product, or event. Developers can leverage this open source tool to create marketplaces from scratch or integrate into existing financial products, significantly reducing the cost and time of integrating blockchain technology.
By exploitation Flux, users and developers can considerably scale back the time and energy required to make applications that need off-chain knowledge on-chain. Flux can so facilitate you:
If you have already got a product, you’ll be able to connect Flux there to so as to modify open scalable, permissionless data streams for any sensible contract. Any app will be connected to Flux through its SDK.
Get cheap crypto transactions — one among the benefits of building on close to is that the significantly lower price per transaction.
The NEAR blockchain was chosen to allow Flux to build a fast, scalable and inexpensive oracle.
Resolution time for markets is only 30 minutes
Transactions per second: 100–80k
Cost per transaction: $0.1
Only three lines of code to integrate with Flux
In terms of use cases, the Flux protocol can be used to serve various vertical fields. Some of these include:
A competitive landscape of the Oracle industry, the flux positioning and their differentiated
Twitter: https://twitter.com/fluxprotocol
Telegram: https://t.me/fluxprotocol
Website: https://www.fluxprotocol.org/
