After checking out ChainGreen and the failed launch of SpareCoin my hopes for Flax were not high. The developer of this coin is not making any claims beyond being a copy / paste of Chia-Blockchain with a few small changes so it would be a unique blockchain and network.
The biggest difference seems to be the philosophy towards a prefarm, how big it should be and what it will be used for. Flax Network describes their prefarm as such “Flax has a transparent developer premine of 210K flax to support development and cloud infrastructure costs (23 days vs. Chia’s 21 years), and a community developer pool of 90K Flax to reward community contributions to Flax and Chia™.”
The Flax setup process was seamless, exactly the same as Chia’s and was mundane. As in it worked fine. I connected, synced the blockchain and began farming. I have won 3 blocks so far. As far as major differences, Flax operates on port 6888 instead of 8444.
After having taken a look at the 3 major Chia forks, I can definitely say that the public facing development team and accountability to their investors definitely gets categorized as a benefit. Flax doesnt seem to have any issues, but it also doesnt seem to have any point. I have no idea what the value of my 6 XFX coins are. My guess is nothing.
This is probably something we are going to see a lot of in the next few months and years, exactly like how many straight bitcoin forks there are that try to do one thing differently. I am planning on following up with the Flax developers as they seem to be the only group who was able to successfully launch of Proof of Space and Time blockchain other than Chia Network. But as for the rest of the inevitable forks, let me know if you want us to keep covering them as they come.
Updated: We had a conversation with the Flax developer and got a little insight into why they started the project.
2 thoughts on “The final fork – for now. Flax coin is a copy/paste of Chia and it works”
Kudos to the Flax team for stating on their site that cryptocurrency has no intrinsic value. Still, congratulations! Hopefully someday you can buy a new HDD for these XFX.
It is definitely a copy. With only a small farm (36Tib) the rewards have been the same as Chia: 0.