**Fluence Network** is making significant advancements in the realm of decentralized cloud computing with the introduction of its staking program. This groundbreaking initiative not only enhances the security of the Fluence network but also enables users to earn rewards while actively contributing to the platform’s overall efficiency.
In contrast to established giants like AWS and Google Cloud, Fluence offers decentralized computing services at a significantly lower cost, potentially reducing expenses by up to 80%. This positions it as an appealing option for businesses looking to maximize their budgets while leveraging Web3 infrastructure. The newly launched staking program is a vital component of Fluence’s commitment to promoting decentralization and bolstering the network’s resilience.
With this development, compute providers can now present “capacity commitments,” which denote the compute resources they are prepared to offer. These commitments are secured by FLT tokens that are either staked by the providers themselves or delegated by the Fluence community. When these resources are utilized for compute tasks, stakers can earn rewards, provided that they meet the established performance standards. However, failure to meet these standards could result in slashing penalties for the staked tokens.
This framework is intended to guarantee that Fluence’s decentralized cloud remains dependable and accountable. As stated by **Tom Trowbridge**, the staking mechanism is instrumental in enhancing the platform’s overall security and quality control.
“By overcoming the challenges associated with centralized systems—such as high costs, single points of failure, uniform hardware, censorship risks, and limitations on data sharing—Fluence offers a more robust and adaptable alternative. Our delegated stake model allows community involvement in securing our DePIN compute platform,” Trowbridge remarked.
At its inception, Fluence’s waitlist boasts over 600,000 CPU cores ready for activation, and the platform’s capacity to onboard additional providers will be contingent on the volume of FLT tokens staked. With a total supply of 1 billion FLT tokens, the demand for staking is anticipated to rise substantially as the network grows. The aim is to accumulate sufficient capacity to compete effectively with major cloud service providers in the future.
As Fluence advances its staking program, users can engage by purchasing an NFT that provides access to the staking application. They can then select a capacity commitment and begin staking their FLT tokens. The rewards generated through this system will vest over six months, promoting long-term involvement and ensuring stability within the network.
Recently, Fluence Network hosted **DePIN Day** in Singapore, co-powered by Aethir. The event featured crucial discussions from prominent figures such as Noah Prince, Mark Rydon, Tom Trowbridge, and other key players in the DePIN space. As the demand for DePIN solutions escalates, it will be fascinating to observe how Fluence’s staking program contributes to the network’s security and scalability.