DePin and Web3: The New Internet Is Here - TOKEN2049 Dubai 2024

hello Dubai how you doing guys my name is tadas and I would like to talk to you about deep in decentralized public infrastructure AKA flux flux is the biggest decentralized computer ational Network Out There Our Journey Begins in web one when we used to read news broze the internet but we quickly transitioned towards Web 2.0 when we became creators we route our stories we uploaded content we published videos But as time went by the greed of Corporations took over they begin to monetize our data they begin to sensor the data they begin to advertise and control what we can do and this is where web 3.0 comes to rescue with web 3.0 you are becoming again the owner of the data it's time to take control back into our hands and stump the the censorship and greed of governments to tell us what to do the current Internet is run by three major players Amazon Google and Microsoft combined they own more than 65% of the market if one of those providers goes down you all would notice you all would experience some kind of downtime and this is where web 3.0 comes to rescue to prevent this data loss web 3.

0 will make it resilient and resistant against any service Interruption this is especially important as Internet is growing by 16% every single year the need of cloud compute is here and we do not have infrastructure ready to support all the Optics I am happy to report that deep in as industry has gr by more than 50% just in the last 6 months with thousands of project participating and more and more are coming into the space every single day such as flux filecoin store J aash Golem Network helium and flux the biggest decentralized computational Network out there bridging users that provide compute and users that need a computational power on the other side for both computational and storage needs flux has more than 13,000 nodes spread across more than 70 countries that comes to roughly 100,000 CPU cores terabytes of RAM and petabytes of storage so let that sink in flux is the biggest decentralized computational Network for AI purposes machine learning and other useful stuff we offer more than 6,000 gpus that you can plug in right now flux is not only available using your traditional web 3.0 tools such as paying with your metamask zelcore or SSP wallet you cannot only use your Bitcoin address or ethereum address you can also use traditional tools that you are used to sign in with your Apple ID your Google and pay with Apple pay Google pay that's what we offer bridging 2. .0 feed web 3.0 but why would you use flux over traditional tools like AWS or digital ocean it's the decentralized aspect of it is the redundancy the resilience of the data you are not taking or pulling your website from just one single server located somewhere in the West Coast or Japan your application runs simultaneously on multiple servers at least on three on up to 100 so you are always using the fastest connection always the nearest server and always Charing from multiple locations to your computer maximizing your speed if one server goes down never mind you are still backed up by 50 other servers and if those goes down other instances are spawned on additional servers so your application is truly decentralized scalable and resilience against any serent ship and data loss and mainly it's affordable flux is up to 20 times cheaper compared to traditional infrastructure for an 8 core machine with 16 GB of memory and hundreds of gigabytes of storage you are paying just 25 bucks 20 times cheaper than on other providers flux has more than 2,000 paying customers has growing more than 700% just in the last year with an average order being roughly $15 boasting a revenue of $200,000 with more and multiplication coming to flux we are looking to unboard any kind as a proof of workchain we are one of the largest out there in fact we are the third largest blockchain based on bitcoin right after Bitcoin and Litecoin flux is doing more than 75,000 onchain transactions per day as a company we have growing to 75 employees 25 of them actively working on maintenance and development we are incoming hundreds of outside collaborators expanding the space so what can you run on flux anything from your website WordPress solutions to Counter Strike servers Minecraft servers or any other game you can imagine your data is syncs between multiple instances it never goes down we run Bitcoin notes we are the largest infrastructure provider for zelor wallet for SSP wallet for Kar infrastructure all those Partners trust us to deliver them on time availability all the time I would like to thank to our partners from Seed Studio Nvidia ubun tuman s and you the audience for listening and tuning in about flux thank you [Applause] if you have any questions please welcome to do so how do we get the gpus on board it's by provided by our users anyone V Hardware can join the flux Network so you can you have minimum requirements you need to have for example 16 cores 64 GB of RAM and a terab of storage and if you have a GPU on board on your system you get additional from the blockchain so users are themselves are providing the gpus and if we pay them from the applications that are running on the blockchain yeah hi um hello is your platform currently PL um supports infrastructures called like um terraform I would need to get in touch with my team about that but if you can dockerize your application we can definitely run it okay in the background runs dockerized applications what what are dockerized applications exactly as a developer you launch your application directly let's say you create a nochas application you can put it on server and write Noe index.

js or you can create a Docker file that way you joeriz the application uploaded on good Hub or dockerhub jcr and others and we can pull that container and run it in a safe matter how are you guys cheaper than the rest of the competition you're significantly cheaper how do you guys keep the cost low we are cheaper because the compute is provided by the users they have Hardware at home that we can use right so we are not renting from traditional providers but you are renting home computer or vpss that are provided by the users and on fact you are not renting just one single server but you're renting multiple servers for that price that way it's redundant thank you