With the Flux halving happening in February 2023, what will this mean for miners and node operators. Well it’s what it says on the tin yields will be halved, but I suppose the question being asked is will it affect price which is always speculative. Lets talk about the numbers first and what you will receive after.
- 37.5 native Flux – 18.75 per block
- 37.5 Flux parallel assets (3,75 of each of the ten parallel assets. Usually distributed from pools in native Flux) – 18.75 per block
- 0.5 Flux bonus for each Titan claiming transaction in the block. – I believe this remains the same
So this drives a question about supply and demand and price, But this has a number of factors that you have to consider, Some I will list below, from what I think about it from a Data and Market perspective. It may have an affect or it might not, but that’s financial advice and in a long term view you have to educate yourself and factor everything yourself.
Market Sentiment, Bitcoin and Regulation
With the recent crashes due to miss management of certain Centralized exchanges, it has caused wide debate on regulation which has direct impact on the entire market not just Flux. In the long run do you think it will recover for Bitcoin inclusively or the entire altcoin market.
Ultimately unless Flux goes into discovery and de-peggs itself from Bitcoin, it could remain the same until the market recovers, that is one of the possible outcomes, there are many. Or some other factors could come into play and this is where I start to look at it from a technological, data and adoption of technology perspective.
The first thing that brought me to think of blockchain was it’s data and cryptography and its value in the modern world. Is data it the biggest asset class of the century and is blockchain a derivative of it? That’s a question in itself that I will write about in future and re-share some of my thoughts from a few years ago. As I learn more it becomes more scary.
Volume
Ok, I’m going to break flux down focusing on the technology and what it drives in terms of quality and output. Also from the data world, what flux addresses in some aspects of these problems. Here is a breakdown by analyzing the 3 V’s the first one being volume. I have quoted another website so please go check it out sourced below,
“The most obvious one is where we’ll start. Big data is about volume. Volumes of data that can reach unprecedented heights in fact. It’s estimated that 2.5 quintillion bytes of data is created each day, and as a result, there will be 40 zettabytes of data created by 2020 – which highlights an increase of 300 times from 2005. As a result, it is now not uncommon for large companies to have Terabytes – and even Petabytes – of data in storage devices and on servers. This data helps to shape the future of a company and its actions, all while tracking progress.”
Does Flux address this, well its computational network has expanded exponentially to cater for the volume and in future storage of data. Now sitting at over 15,500 nodes and growing. I think its going in the write direction,
Also you need to look at the transactional volume of the blockchain itself. Is it growing and being utilized and in the case of blockchain transactions its definitely up there,
Velocity
The growth of data, and the resulting importance of it, has changed the way we see data. There once was a time when we didn’t see the importance of data in the corporate world, but with the change of how we gather it, we’ve come to rely on it day to day. Velocity essentially measures how fast the data is coming in. Some data will come in in real-time, whereas other will come in fits and starts, sent to us in batches. And as not all platforms will experience the incoming data at the same pace, it’s important not to generalise, discount, or jump to conclusions without having all the facts and figures.
Is flux tackling velocity of data, well they have deployed IPFS and the cross syncing of data between nodes which in part addresses the issue. They are also working on further support and implementing advancement of this by launching Kubernetes on the platform as well as Docker which are big enablers.
Variety
Data was once collected from one place and delivered in one format. Once taking the shape of database files – such as, excel, csv and access – it is now being presented in non-traditional forms, like video, text, pdf, and graphics on social media, as well as via tech such as wearable devices. Although this data is extremely useful to us, it does create more work and require more analytical skills to decipher this incoming data, make it manageable and allow it to work.
Big Data is much more than simply ‘lots of data’. It is a way of providing opportunities to utilise new and existing data, and discovering fresh ways of capturing future data to really make a difference to business operatives and make it more agile.
Is flux facilitating the use of data? and bringing variety. Does it have application and used in our everyday lives for the advancement of technology?
Through dApps and other technologies flux adds real world value. If you follow me you will see the various applications of the technology and what it is being used for. WordPress, Social Media, Nodes and Enterprise class infrastructure all being deployable on flux. Flux is a platform that will cross the boundaries of Web 3 and Web 2 infrastructure in time and anything could be possible.
I have not even looked at the possibilities with proof of useful work and Machine Learning and AI capabilities, lots more to come on this in the future.
Conclusion
I could have written for an hour on this and may have gone off topic, but I tend to think a little bit differently about these things. Not just price but the advancement of technology for the better of human kind. Can flux answer some of these problems? That I will let you make your own decision on, I am just a blogger that writes about what interests me.
Source and Credit: https://bigdataldn.com/news/big-data-the-3-vs-explained/
Thanks for reading and if you want to keep up to date on Flux, follow me on twitter at https://twitter.com/tsncrypto
