Cambridge, UK, August 22, 2023—Flux Cloud, a provider of decentralized cloud infrastructure, recently announced the launch of a Host’n’Win competition to reinforce its Proof-of-Useful-Work (PoUW) efforts and help Folding@home fight diseases. The competition will increase the number of Folding@home applications on the Flux network and translate into more computing power for simulating complex protein problems. This will provide invaluable insights for drug discovery and other efforts to address global health threats.
The competition is coming on the heels of Flux’s achievement as an all-time top 0.8% contributor to the Folding@home project. Flux also highlighted its PoUW prowess at the just concluded Mining Disrupt, unveiling FluxCore, a client-side application for the Flux’s Proof-of-Useful-Work system that uses benchmarking, hardware specifications, and machine tagging to enable users switch between mining and PoUW tasks seamlessly.
To participate in this competition, users must deploy as many Folding@home apps as possible via the Flux Marketplace to win the grand prize of 5,000 FLUX to set up five brand new FluxNodes. There are also five runner-up prizes worth 1,000 FLUX each to randomly selected participants. The deadline for the competition is August 31, 2023. Here’s a quick guide to deploying a folding@home application. Host and win!
Daniel Keller, Co-Founder of Flux and CEO of InFlux,
“I am happy to announce the launch of our Host’n’Win competition. At Flux, we firmly believe that the future of Web3 lies in the seamless integration of decentralized technologies to solve real-life problems. Therefore, Proof-of-Useful-Work has been our approach to the use of computing power over the years. This competition will onboard more Folding@home applications and greatly contribute to the advancement of medical research for the good of humanity.“
Folding@home is a distributed computing project for simulating protein dynamics, including protein folding and the movements of proteins implicated in various diseases. It brings together citizen scientists who volunteer to run simulations of protein dynamics on their personal computers and scientific researchers. Insights from these data are helping scientists to understand biology better and providing new opportunities for developing therapeutics. (Official Website: https://foldingathome.org/)
The Flux Web3 Cloud is a suite of decentralized computing services and blockchain-as-a-service solutions that offer an interoperable, decentralized, AWS-like development environment. Flux uses a native POW (Proof-of-Work) coin to power this ecosystem, supplying incentives for hardware hosters, governance on-chain, and bad actor mitigation via staking requirements for running hardware. The Flux operating system runs on top of Linux to provide the network with verified and benchmarked high-availability compute power and uses the blockchain to ensure transparency in governance operations. FluxNode operators can choose from three tiers of hardware requirements to stand up after providing the necessary Flux collateral soft-locked in their wallet. This allows anyone to be rewarded for supplying hardware to the network from anywhere in the world. To learn more, visit runonflux.io.
Name: Betty Kolibacova – CMO of Flux
Organization: InFlux Technologies Limited