A cryptocurrency is a decentralized digital medium of exchange. There are four cryptocurrencies categories, including DeFi, NFT, utility tokens, and store of value tokens. As a DeFi bridge, Flux Fusion provides key decentralized exchanges. In addition, flux has a significant well-balanced distributed portfolio for the next generation of the internet.
What is Flux?
Flux (FLUX) is a fully decentralized network robust to both system failure and outside attempts at censorship. Individual Flux node operators collateralize and manage Nodes to ensure fully decentralized spread. It is some advantages, including interoperability and redundancy. Flux also enjoys the API-backed feature. It is interoperable in that FluxOS is fully compatible with any blockchain and any hardened dockerized applications. Flux enables users to run any application on any blockchain on FluxOS. Flux is redundant. FluxOS applications redundantly spread across the node network with automatic failover to a new node in case of one node unavailability. Furthermore, the API-backed Flux allows seamless integration with services.
Flux is a set of blockchain solutions that provide general services and cloud computing in DeFi transactions. The Flux system rewards PCs and similar hardware, regardless of their location that solves specific nodes. The FluxOS system contains around 30 dapps, including social media, data prophets, and websites.
Flux: roots and history
In 2017, Jasper and Peter began building in crypto. Jasper started developing blockchain proof of concepts for large dutch corporations before starting Flux; at the same time, Peter founded EveryDapp.com as the first platform for decentralized app curation and ranking. EveryDapp.com provided users and developers with an easy platform to discover and publish new apps.
Following a meeting at ETH Berlin 2018, Jasper and Peter began working on the first application for derivatives on startups. They built the application on Ethereum, Augur, Maker, and 0x Protocol. In fact, during this process, they identified core problems in Augur, Chainlink’s, and Ethereum’s performance, which would hinder any mainstream adoption.
In 2018, the Flux core network launched the FLUX Token as a smart contract developed under the ERC-20 blockchain standard Ethereum and the smart chain BEP-20 Binance. The FLUX Token total supply is limited to 440 million tokens. In each transaction, the FLUX Token providers distribute 50% of the cost among the network nodes and 50% among the mining companies.
In addition, the FLUX Token providers have scheduled a halve event that per every 2,5 years for the FLUX token, and each block is extracted every 2 minutes with the ZELHASH algorithm.
Flux developers built its Protocol on top of leading layer one protocols like NEAR Protocol, funded by top investors like a16z, Pantera Capital, and Coinbase Ventures. Flux can achieve mainstream capable scalability, best in class usability, and a category redefining oracle design by building on next-generation layer ones.
How Does Flux Work?
Flux project is open-source, community-driven, and independent with no outside investors. Therefore, the Flux developers distribute it fairly with no pre-mined coins or distributions to anyone other than holders, miners and operators. The project is determined to build a truly decentralized future, remaining independent and innovative in blockchain technology.
Flux’s economic model attracts GPU miners and operators through airdrops, mining and rewards. Node operators can earn additional cryptocurrencies through paid partnerships and paid application hosting. The ecosystem consists of fully deployed and operational components. Flux is a mineable POW (Proof of Work) native GPU. It provides hardware hosters, XDAO chain governance, and lousy actor mitigation with incentive through requirements for betting hardware execution.
The Flux ecosystem is the next generation for a decentralized Web3 computing network with over 2300+ streaming nodes around the globe. It provides 10.900+ vCores of CPU power, 35+ terabytes of RAM, and 850+ terabytes of storage. Users can support a Flux Node by providing auxiliary Flux material for one out of the three Flux Node layers.
Users can run Flux Nodes on Raspberry Pi / Home PC / Servers / VPS hardware anywhere. The Flux providers reward Flux node operators with Flux through block rewards. At the same time, operators can also earn other cryptocurrencies by hosting specific dapps on their nodes.
FluxOS operating system, run on Linux manages the network by verifying and comparing computing power, deploying, running, and load balancing decentralized applications, and managing XDAO governance. In addition, FluxOS enables any hardened dockerized application. The network hosts over 30 dapps, including blockchain infrastructure, social media, data oracles, websites, games, and file storage.
Zelcore, the official Flux wallet, is a self-custody wallet with several premium PC and mobile devices assets. In addition, Zelcore has a portfolio integration system of the leading centralized and decentralized exchanges.
Why Choose Flux?
Flux is among the best-performing tokens. Flux reached a new all-time high in the daily timeframe. Flux started operating at a price level below $1, but soon the token price enjoyed a rise. The Flux community has crossed 30k followers. Moreover, the token is among the daily gainers’ list out of the top 500 coins. In addition, the commitment of the Flux development team will bring good future potential.