Flux is a cross-chain oracle aggregator
Oracles
To begin with, we will understand what oracles are in the blockchain? Since smart contracts do not take into account the events of the real world, it is necessary to connect them to the infrastructure capable of providing them with external information. Such an infrastructure capable of requesting, receiving and checking external sources for the presence of specified data is called Oracle.
Flux
Flux Protocol is a scalable and decentralized protocol that allows users to use chain data for any asset, product or event. Developers can use this open source tool to create grounding markets or integrate into existing financial products, sharply reducing the cost and time to enable the technology of the box. The potential of the protocol for the power of the infinite range of verticals in the range of synthetic assets and deriva tives to the insurance markets and forecasting means unblocking infinite features for DeFi.
Flux Oracle is the basis of a decentralized infrastructure to work with data outside the blockchain and their access to the blockchain. This Oracle was developed a unique way to ensure flexibility without prejudice to security and at the same time reliable enough to scalize financial guarantees. The mechanism for the provision of financial guarantees is based on a floating price model for a data request, which increases or decreases depending on the cost locked in the protocol. This ensures that validators will be proportionally awarded for the correct data processing result.
Comparison
Comparing Flux Protocol with other oracles competitors, several more promsions are immediately visible in the picture above. The first advantage of Flux is a decentralized governance that is missing at the largest oracle Chainlink. The breakthrough feature is that Flux is not just oracle, but an oracle aggregator, that is, FLux is Uber in the world of oracles. Another unique market advantage is community curated registry, which is also incredibly important. And the last major advantage that is especially important for developers, is type of data source, that can be represented by various variations, which is quite convenient for development
