Moscow based blockchain database provider, Fluence Labs just showcased a demo for their decentralized network that’s capable of processing and storing data from multiple sources at Web3 Summit — an event dedicated to decentralized developers.
A full-scale test of the network is on schedule and will be able to process and store data from both centralized and decentralized sources. It will also make the data accessible for applications via various data interfaces like SQL, NoSQL etc. The prototype plays like a proof-of-concept for the company.
According to Fluence, the number of decentralized applications (dApps) is growing in record pace with most of the necessary computing infrastructure still missing. They want to fill in this gap by providing a trustless decentralized platform for the applications, that will enable safe and efficient data processing and make the data accessible to apps by creating custom data interfaces.
With the current industry lacking wide user adoption for decentralized applications, Ethereum being the prime example with its scalability issues, Fluence network aims to become one of the backbones of the decentralized Web3.0.
“This demonstration allows to easily understand all the Fluence network components and what it’s capable of. Any developer with basic knowledge of javascript and SQL can go through the instructions and have the working application up and running within an hour — the time we hope to reduce to a couple of minutes and few lines of code. Making Fluence easily accessible for the developers is one of our primary goals.”
The demo will be made public at the company’s GitHub repository.
Blockmanity’s Take
With scalability one of the most important reasons why Blockchain applications are not yet mainstream, infrastructural developments like what Fluence is working on will help developers a lot that will, in turn, drive the usability and growth of the industry as a whole.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Crypto Owners Under Physical Attack: Rising Threats and Smart Protection TipsMany people picture crypto crime…
The finance world is buzzing with news of fresh leadership at TXSE. This move brings…
In today's fast-changing financial world, credit unions face growing pressure to understand and follow rules…
Bernstein Highlights
XRP Price Outlook: Will Trade Below by 2030?The world of crypto moves fast, and many…
Ben McKenzie Calls Crypto the and Slams Trump Meme Coin CrashActor Ben McKenzie has once…