July 31, 2023 – Brooklyn, New York
Fleek Network has released new whitepaper describing the decentralized edge platform it is developing.
Its release is accompanied by the launch of a new open-source Github repository for the protocol.
This release is a major milestone on the path to launching a testnet for the decentralized edge network next month.
The new whitepaper is an evolution of the original whitepaper and research focused on a decentralized CDN. It introduces a new protocol architecture and design that enables a full edge network.
While a decentralized CDN is still one of the use cases, the new protocol can support a much wider range of decentralized edge services including serverless functions, SSR (server-side rendering), container orchestration, various database functions and more.
Fleek’s decision to develop a decentralized edge platform was driven by recognition of infrastructure trends that have seen the modern web migrate from the cloud to the edge.
This transition reflects the internet’s rapidly expanding user base and the low latency demands of global users.
Instead of building this performance layer redundantly for every Web 3.0 service or protocol, Fleek Network intends to provide a shared performance layer that all Web 3.0 protocols can leverage.
Thanks to its protocol-agnostic and modular architecture, Fleek Network’s edge platform can add value to virtually any Web 3.0 protocol, service and app.
Fleek Network’s protocol design results in work performed by nodes across the network being determined solely by geography and a performance-based reputation score.
The network also features attributes like stateless execution, a VM-less core, content addressing and several other performance optimizations.
As described in the whitepaper, these contribute to the overall performance and low latency of the network and the edge services built on top of it.
Harrison Hines, CEO and co-founder of Fleek Network, said,
“Similar to the modern web’s evolution, Web 3.0 is quickly moving toward a modular and composable future.
“Introducing a highly-performant decentralized edge network into the Web 3.0 stack as a shared performance layer could help close the gap between Web 2.0 and Web 3.0 performance and provide a significant building block for developers on the road to mass Web 3.0 adoption.”
Parsa Ghadimi, lead researcher at Fleek Network, said,
“Fleek Network’s architecture replicates the theory the edge brought to Web 2.0 to a blockchain architecture executing services close to users, intelligently scaling up and down and only using resources when and where required.
“It’s a unique setup in Web 3.0 today, geared specifically toward web-service performance and cost requirements.”
The modern web is characterized by microservices accelerated by a performance layer that sits atop everything else.
Fleek Network’s edge platform will provide these same capabilities in a decentralized way without needing to sacrifice on performance, cost or Web 3.0 values.
At present, most Web 3.0 protocols rely on Web 2.0 performance layers to meet the latency expectations of developers and end users.
Fleek Network’s decentralized edge platform will bring a much-needed performance layer to the Web 3.0 stack, enabling developers to further decentralize their infra stacks and remove central points of failure while still providing the performance/low latency that their customers demand.
Following the release of the new whitepaper and Github repo, Fleek intends to release a testnet for its decentralized edge network that is currently scheduled to launch in August 2023.
Fleek Network is a decentralized edge platform optimized to facilitate the deployment and running of highly-performant web services.
Fleek’s network of edge nodes allows developers to frictionlessly create a multitude of edge services that inherit cryptographically and economically secured infrastructure.
Fleek Network’s goal is to provide a platform that all Web 3.0 protocols, middleware, services and apps can benefit from to further decentralize their stack without sacrificing cost, performance, complexity or user experience.
Fleek raised a $25 million Series A led by Polychain Capital in October 2022.
Learn more at the links below.
Dan Edelstein, MarketAcross
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