The trust-less data layer “Flux Protocol”

3 min readSep 15, 2021

Flux protocol is a cross-chain oracle aggregator that provides smart contracts with access to economically secure data feeds on anything.

Every component of the protocol is designed to be maximally open-source, permissionless, and trustless, enabling individuals and communities to design

Why we need Flux Protocol ?

Problem

with its ability to make smart contracts see the world around them, oracles wield considerable influence over what the contract processes, an influence that invalidates the operation if compromised — regardless of scale.

The inherent ability of oracles to interface between off-chain and on-chain data stands to catalyst the real-world utility of blockchain technology. However, the single-point-of-failure introduced by its reliance on centralized sources and third-party authorization continues to undermine its adoption.

to solve this problem

Flux Oracle is the backbone of a fully permissionless and decentralized infrastructure for working with and resolving off-chain data on the blockchain. This Oracle has been uniquely designed for flexibility without security trade-offs while being robust enough to scale with economic guarantees.

The economic guarantee mechanism is based on fluctuating data request fee model that increases or decreases according to the amount of value locked in the protocol. Doing this ensures that validators are proportionately incentivized to resolve data outcomes correctly.

Flux Oracle is not only capable of handling, settling and finalizing real-world data for the open market, but can also be utilized by other protocols to aggregate data for their custom needs unlocking the walled garden bottleneck that has been stifling the blockchain’s potential.