Fluence offers blockchain developers an alternative to traditional cloud service providers, ensuring no sensitive data leaks or hacks; partners with Friend to offer users more tools and resources to build and deploy their apps quickly and at scale
Moscow – March 2018 – , a blockchain-based database provider, is announcing today the launch of its ultra-secure data storage platform for developers’ decentralized apps and platforms. Fluence is also announcing its partnership with Friend, a service that enables developers to create their own virtual cloud computer online, in order to create more tools, services and infrastructure resources easily available for developers in the crypto sphere.
With the surge in blockchain-based platforms and apps, a common problem arises for developers: where can they securely store and manage their sensitive data? It’s no secret that cloud services have been vulnerable to data hacks and leaks, even huge global companies such as Equifax and Uber have been victims. In addition, today’s data is controlled by several major cloud providers, a common pain point for the crypto community. The brick-layers of Web 3.0 need decentralized storage solutions to keep their data secure and encrypted, to lay the foundations of Web 4.0.
Fluence aims to solve this problem by providing decentralized data storage and management on the blockchain for Web 3.0 applications, guaranteeing its users more privacy, control, and security over the decentralized apps they are building. Using advanced network architecture, Fluence utilizes a system of independent nodes that split up sensitive structures of data to store and manage, ensuring that data is both replicated and protected. The nodes “check-in” on one another to make sure each is storing and securing data properly. If one node goes down, the data will not be lost as the network will find new nodes to replicate, secure, and encrypt that data. Fluence users do not require a special license or agreement with any commercial vendor, making Fluence the essence of decentralization in that it enables users to quickly and securely build apps at scale.
All operations on the Fluence network for data storage and management are paid with the native Fluence token (FLU) for trusted payments.
FriendUP offers a complete operating environment that, combined with blockchain technology, offers infrastructure necessary for the safe and responsible exchange of information. FriendUP can be accessed and used anywhere through a browser and provides a customizable desktop environment that is shaped by the needs of its users.
The new partnership will enable Friend to move further into the blockchain space by using Fluence as a data storage network available via the Friend Unifying Platform. Friend uses decentralized technologies to become an autonomous operating system on which developers can access more tools, services and resources which are owned by the community. Here, Fluence will access a larger developer community and high level APIs that can work together with Fluence technology.
“Because Fluence is decentralized and designed for sensitive data storage, it eliminates a single point of failure,” said Evgeny Ponomarev, co-founder and CEO of Fluence. “We’re really excited about partnering with Friend so that our users will be able to use and access various tools and resources to build and scale their apps quickly.”
“We’re delighted to partner with Fluence,” said Arne Peder Blix, CEO of Friend. “Friend is always looking at better ways to create secure cloud based computing experiences and the partnership with Fluence is a natural step for us to continue moving into the blockchain space. Together we will create more tools, services and infrastructure resources easily available for developers in the decentralized realm. Fluence’s technology fits extremely well with the Friend Network and our strategy and our ability to deliver a more fluid user experience for our end users.”
For more specifics you can view the Fluence white paper .
Join the conversation about Fluence on Telegram .
About
About Fluence
Fluence was founded in 2017 and is the brainchild of Evgeny Ponomarev, Dmitry Kurinskiy, and Alexander Demidko. With the belief that decentralized data storage is a crucial part of Web 3.0, Fluence was created as a decentralized encrypted database for sensitive data and is secured by blockchain technology. Fluence makes it possible to create decentralized apps where users control, share, and monetize their data and provides a new level of privacy, control, and security for data storage.
About Friend
The Friend Unifying Platform is a powerful open source framework that enables developers to decouple their applications from technology silos and deploy on and integrate with decentralized technologies in a new blockchain based infrastructure, the Friend Network. The Network enables secure, global access to personal virtual Friend Cloud Computers that simplify, augment and enhance the use of the Ethereum blockchain for everyone that is connected to the internet.
All signs point to the fact that the current blood bath seen in the crypto market is most likely the result of a coordinated, multi-pronged global attack. This is what you as an individual can do about it.
Full Control and Enslavement
The recent SEC announcements relating to cryptos, the ruling that opened the door to the CFTC to regulate cryptos as commodities, the dumping of a large portion of the Bitcoins and bitcoin Cash held by the Mt. Gox trustee (with more dumping to come), the Visa ‘glitch’ that led to overcharged users at Coinbase, the Visa and Mastercard decision to make it more difficult and expensive for customers to buy cryptos, the takeover of Poloniex by a Goldman Sachs backed company, the IRS crackdown on crypto transactions (including the Coinbase capitulation), the Binance bot trouble and more have all one thing in common: To take control of the crypto market and use it as a weapon to further enslave you.
To use it for the exact opposite of what cryptos aim for, namely the enabling of peer-to-peer trustless (bankless) transactions within peer-to-peer economies driven by decentralized blockchains. Something that aims to free the world from the shackles of centralized banking and governments, especially the corrupt, warmongering ones. Something that can help us to regain the right to issue our own money and not be forced at gun point to use debt instruments designed to enslave and destroy us.
They wish to keep you dumbed-down and enslaved, while selling you the lie that they serve and protect you. Their extensive track record over many years for most part shows that they only exist to protect and serve members of a select group – the primary enablers of wars, pain, poverty and chaos. Those who like it when we murder and maim each other to their benefit and delight. Those self-appointed rulers who only offer hope in the form of selections instead of free and fair elections.
All Hope is not Lost – Embrace the Crypto Revolution
Good news is that all hope is not lost. You have the power to make a positive difference. Educate yourself when it comes to cryptos, help spread the truth about cryptos and use the tools available to help ensure a better world for humanity.
Powerful Tools Available
You might not be aware of it, but you have a couple of powerful tools at your disposal, including decentralized exchanges, privacy tokens, the Internet and word of mouth.
Decentralized Exchanges: Decentralized, Anonymous + Safer
When buying and selling crypto tokens, there are currently in essence three options available to you:
1. Off-exchange or Over-the-Counter (OTC) – Low liquidity. Negative impact on prices.
2. Centralized Exchanges – High liquidity. Customer service. Advanced features. However, because these exchanges are centralized – the door is left wide open to theft and government intervention. These exchanges offer little to no privacy or anonymity. This while they are extremely exposed to hacks and server downtime. Centralized exchanges control the private keys that give access to your cryptos – they control your funds.
In short: Centralized exchanges are the exact opposite of what is aimed with cryptos.
3. Decentralized Exchanges (DEXes) – Lower liquidity. Limited to no customer support. Limited features. Bigger learning curve. However, very little room is left for theft and government intervention. You control the private keys to your funds, remain anonymous and a DEX is more resistant to hacks and downtime since there is no server to hack – multiple nodes are deployed across the cloud. Great news is that the deployment of will make DEXes even more sufficient than what is currently the case.
In short: DEXes allow you to control your funds and remain anonymous – two major benefits to using DEXes that are in step with the original aim of cryptos. Be sure to get more information .
Privacy Tokens
Privacy tokens, anonymous cryptos or anonymous cryptocurrencies offer complete anonymity and/or privacy when it comes to transactions. There is no need to get creative here in order to understand the power of anonymity. Be sure to get more information .
The Internet
A lot of information and free speech on the Internet are getting censored, especially at certain platforms. Yet, the Internet – the enabler of cryptos and many other good things – remains an excellent means to educate ourselves and others when it comes to cryptos and the true state of affairs in the world. It is also a powerful means that can be used to help shape public opinion in an honest and good way. You should make full use of it while it is not yet controlled by a single entity.
Word of Mouth
This is another powerful tool you can use to positively influence the world around you. It can also be used to help shape public opinion in a positive manner.
Cryptos will in the end be either a blessing or a curse. The choice is yours. Positive change starts with you.
On Wednesday, March 7, the U.S. regulator the Securities and Exchange Commission (SEC) published a letter concerning the potential of unlawful online platforms that trade digital assets. The SEC is concerned with platforms operating without permission and advises investors to use entities that are registered with the SEC as an alternative trading system (ATS).
Also Read:
Investors Should Use a Platform or Entity Registered with the SEC
The top U.S. regulatory agency has to “unlawful online platforms that trade digital assets” alongside issuing a recommendation to digital currency investors. The SEC says that many exchanges have become popular selling cryptocurrencies and Initial Coin Offerings (ICOs). A number of the platforms offer a mechanism to trade assets that the SEC considers a “security” and some of them are operating unlawfully. If this is the case the platform “must register with the SEC as a national securities exchange or be exempt from registration.”
“The federal regulatory framework governing registered national securities exchanges and exempt markets is designed to protect investors and prevent against fraudulent and manipulative trading practices,” explains the SEC letter.
To get the protections offered by the federal securities laws and SEC oversight when trading digital assets that are securities, investors should use a platform or entity registered with the SEC, such as a national securities exchange, alternative trading system (“ATS”), or broker-dealer.
The SEC’s public statement issued this Wednesday.
While the SEC’s Letter Questions if Exchanges Are Lawful, Crypto Prices Plummet
Immediately after the SEC letter was published and started being shared across social media and forums, cryptocurrency markets dropped significantly in value. The top 100 digital currencies according to Coinmarketcap.com saw losses between 10-20 percent in a short period of time.
BTC/USD markets dump on March 7 following the SEC letter.
The SEC explains that many platforms give the impression they are a registered exchange that offers functionality like bidding, order books, and execution data. However, these attributes do not make a platform qualified in the eyes of the U.S. regulators and federal securities laws. So the SEC has created a list of 13 questions investors should ask themselves before using an online trading platform. These include asking if the platform has registered as a national securities exchange, seeing if the exchange is an ATS, and other questions that determine whether or not the exchange is lawful.
What do you think about the warning from the SEC? Let us know your thoughts on the subject in the comments below.
Images via Shutterstock, SEC, and bitcoin Wisdom.
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