Flux FLUX Price

What is Flux (FLUX)?

Flux: Empowering the Decentralized Internet of the Future

In the rapidly evolving landscape of blockchain and decentralized technologies, Flux has emerged as a pioneering platform that goes beyond the conventional boundaries of decentralized applications (DApps). At its core, Flux is a decentralized blockchain platform designed for deploying DApps, databases, and computational jobs. The native token, Flux (FLUX), serves as the fuel for this ecosystem, enabling various operations and incentivizing user participation.

The Building Blocks of Flux

 Comprehensive Ecosystem: Flux isn't just a cryptocurrency; it's a comprehensive ecosystem comprising several key components. These include a native, mineable Proof of Work (PoW) cryptocurrency (FLUX), a decentralized computational network (FluxNodes), a Linux-based operating system (FluxOS), a premier digital asset platform (Zelcore), and the Flux blockchain itself, facilitating on-chain governance, economics, and parallel assets for interoperability with other blockchains and DeFi access.

Extensive Network: As of July 2023, the Flux network boasts an impressive infrastructure, with around 15,000 decentralized nodes distributed globally. These nodes contribute over 108,000 CPU cores, 288 terabytes of RAM, and a staggering 6.7 petabytes of storage, making Flux the largest decentralized network in the world.

Proof of Useful Work (PoUW): Flux distinguishes itself through the development of Proof of Useful Work (PoUW), a groundbreaking concept with the potential to transform how we view Proof of Work blockchains. PoUW harnesses the vast computational power of GPU miners to solve real-world problems, ranging from video encoding to weather prediction. This innovation not only enhances the utility of the blockchain but also addresses sustainability concerns often associated with PoW.

How Flux Cloud Works

Flux leverages blockchain advantages to provide a distributed platform for Web3 applications. The decentralized infrastructure allows developers to run applications on a globally distributed network, offering advantages over traditional centralized cloud platforms. Crucial to this setup are FluxNodes, decentralized nodes operated by users globally, providing computing resources and receiving FLUX tokens as rewards. These nodes can be set up on users' hardware or via Virtual Private Servers (VPS).

Flux's Unique Selling Points

True Decentralization: Unlike some projects claiming to be "Web3" while relying on centralized infrastructure, Flux stands out as the first truly decentralized Web3 infrastructure. With no single point of failure and 100% uptime, Flux ensures a robust and reliable environment for applications.

Proof of Useful Work (PoUW): PoUW represents a significant undertaking by Flux, aiming to redirect GPU mining power towards solving real-world problems. This innovative approach positions Flux as a key player in addressing sustainability issues associated with traditional PoW blockchains.

Experienced Leadership: Flux's leadership, including co-founders Daniel Keller, Tadeas Kmenta, and Parker Honeyman, brings a wealth of experience in technology infrastructure, project management, and emerging technologies. Their combined expertise drives Flux's commitment to being an independent, community-driven, and open-source project.

Flux in Action

FluxOS, the decentralized and scalable infrastructure, empowers developers to deploy their creations seamlessly. With FluxNodes securing the ecosystem, applications can run continuously, even if a node experiences downtime. FluxOS is open-source, built for accessibility, and fully interoperable with any blockchain, allowing for versatile use cases, including dApp development, oracles for data, and hosting game and web servers.

The Flux network already hosts over 4,000 decentralized applications (dApps), showcasing its versatility. Examples include Rustpad, a collaborative code/text editor, and Bibliogram, an Instagram data viewing tool.

In conclusion, Flux stands as a beacon in the decentralized landscape, driven by a commitment to true decentralization, innovation in PoUW, and a robust ecosystem. As the largest decentralized network globally, Flux continues to shape the decentralized internet of the future.

What is unique about Flux (FLUX)?

Flux sets itself apart as the first truly decentralized Web3 infrastructure, ensuring 100% uptime and no single point of failure. Its groundbreaking Proof of Useful Work (PoUW) redirects GPU mining power to solve real-world problems, addressing sustainability concerns in the blockchain space.

Who are the founders of Flux (FLUX)?

Flux was founded by Daniel Keller, Chief Strategy Officer, Tadeas Kmenta, Chief Innovations Officer, and Parker Honeyman, Chief Operations Officer. Daniel Keller brings over 25 years of technology infrastructure experience, Tadeas Kmenta focuses on emerging technologies, and Parker Honeyman contributes technical know-how to the project.

Where can I buy Flux (FLUX)?

You can buy Flux (FLUX) on Binance, MEXC, BitgetGate.ioKraken cryptocurrency exchanges.