Flux protocol — what’s new happened?
I recently told you about the Flux protocol project– a decentralized oracle of a new generation of data. You can read my article with an overview of the project here (https://respectboris4646.medium.com/what-is-the-flux-protocol-for-and-what-are-blockchain-oracles-979645624155).
Back then, the project was still at an early stage and a lot had changed since my first article. Today we will talk about the main changes in the project, what has happened and what to expect in the future.
The first important change is that the project announced the launch of DAO.
You can read more about TAO in the project blog (https://www.fluxprotocol.org/blog/introducing-flux-dao). I will now only briefly explain the essence to you. DAO is an opportunity for the community to make important decisions on a project. There are different DAO systems, but usually the process is as follows — there is a management token (in this project it is the FLX token) that you need to own in order to be part of the community and participate in voting.
So far, the exact scheme of participation in the DAO and its functioning has not been disclosed, but the team is working on it. All additional information will be published in the near future.
Secondly, a guide was released for a better understanding of the project.
There is great news for beginners — if you haven’t dealt with the project yet or have just heard about it, the team has released a detailed article explaining the essence of the project, its functions and role.
Just read this article (https://www.fluxprotocol.org/blog/what-the-flux-a-tldr-guide-to-knowing-flux-protocol) and you will understand why Flux protocol is a unique project and what functions it performs.
Third, technical documentation has been published.
If you are an advanced user and the general words about the project from the article mentioned above are not enough for you, and you want to understand its functionality and working principles yourself, then the team has released technical documentation about the project for you (https://docs.fluxprotocol.org/docs/research-documentation/flux-oracle-v1-whitepaper).
This documentation explains in detail the essence of the project, its principles of operation and structure. It also tells about the architecture of the protocol and how it works.
Once again, I advise you to follow the project, you can do this by subscribing to the social networks of the project: