Flux protocol: Global data source for blockchain infrastructures
Flux is a cross-chain oracle aggregator that provides smart contracts with access to economically secure data feeds on anything. Flux protocol has been designed in such a way that the blockchain infrastructures like dApps and layer1 can easily access the data.
It is very hard to find reliable data from the real world data source. So, flux implemented the oracle perspective to get reliable and genuine data. There are different oracle protocols that perform similar as flux but those data are not so much reliable as they aren’t validated.
In flux there is the process of the data validation before giving the data to the end-user or dApps. This process is super simple and easy to maintain within any ecosystem. Flux has been created in four terms :
Price Feeds
It's designed to access price data on any public asset to create entirely new financial tools.
Arbitrary Data
There is more leverage wisdom of the crowd consensus to aggregate information on almost anything.
API Data
Possible to connect to APIs to create new use-case from esports markets to weather derivatives.
Aggregation
The protocol seamlessly connects major oracles across crypto into one stream with economic guarantees.
Saying so we can really rely on the flux protocol as it serves as the best place to get the genuine and authentic data for blockchain.
Interested to learn and contribute to the project? Get in touch with the team and community here :