Episode 46 of the Public Key podcast is here! In this episode, we talk with Daniel Keller, the co-founder of Flux, a company on the cutting edge of decentralized cloud infrastructure and building what may be considered the Killer dApp for web3.
Public Key Episode 46 preview: A sneak peek at Flux, the “AWS of blockchain”
The transition from web2 to web3 seems like a monumental shift for many organizations, and although Amazon seemed to replace Radio Shack very quickly, many companies are still struggling to build the infrastructure needed to enter the world of decentralization.
Well, that is where our next guest comes in Daniel Keller, who is the co-founder of Flux, a decentralized cloud infrastructure, sat down with Ian Andrews (Chief Marketing Officer, Chainalysis) and explained how Flux may be the Amazon AWS of the blockchain.
Daniel explains the difference between centralized and decentralized cloud infrastructure and how companies are using his technology for a wide range of tasks, from setting up a WordPress site to facilitating crypto and NFT transactions. Daniel emphasizes the need to keep cloud infrastructure affordable and explains why Flux moved away from its privacy-centric origins.
Quote of the episode
“If you remember Radio Shack? Radio Shack was the biggest thing out there, right? If you wanted an electronic component, you had to go to Radio Shack. When Jeff Bezos was creating Amazon, he wasn’t thinking about dethroning Radio Shack, right? He was thinking about how do I sell my books and build a framework, a delivery model framework, that you know, it doesn’t matter if I drop books in there, or socks or t-shirts or whatever it is, motorcycles or whatever, I can sell it because the frameworks been created. Radio Shack died because of Amazon essentially, because nobody wanted to go to Radio Shack, they could just order it on Amazon.” – Daniel Keller (co-founder of Flux)
Minute-by-minute episode breakdown
- (2:35) – What is Flux, and why is this decentralized cloud infrastructure being called the “AWS on the blockchain”
- (5:25) – Decentralized vs. centralized cloud service providers
- (13:35) – What can be run on Flux’s decentralized cloud infrastructure?
- (17:00) – The age-old question. Why create a Layer 1 (L1) blockchain?
- (21:45) – Daniel’s origin story of building one of the biggest GPU mining operations in the USA
- (26:15) – How to maintain decentralization on Flux when creating cloud infrastructure
- (31:55) – Tokenomics 101 and why Flux created its own wallet
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
- Report: The Chainalysis 2023 Crypto Crime Report
- Conference: Chainalysis Links Conference 2023 in New York City
- Flux Dashboard: Overview of Flux Network Dashboard and Token Supply
- Website: Decentralized Web 3.0 The Next Generation Computational Network
- Press Release: Flux Launches New Decentralized Persistent Storage Development Upgrade
- Article: Proof of Useful Work: The Future of AI (Artificial Intelligence)!
- Twitter: Chainalysis Twitter: Building trust in blockchains
- TikTok: Newly launched Chainalysis TikTok page
- YouTube: Chainalysis YouTube page is completely revamped
- Website: Chainalysis: We are paving the way for a global economy built on blockchains.
Speakers on today’s episode
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