What is FLUX? FLUX is a rebranded ZEL token. The issue date is 2018-08-03, the issue price is $0.138, and the maximum supply is 440,000,000 FLUX. Flux is the cryptocurrency that powers the Flux ecosystem. It is used to purchase resources, pledge nodes, and promote transactions on FluxOS, rewarding miners who verify transactions and FluxNode operators who provide computing resources. The FLUX ecosystem is a set of distributed computing services and blockchain cloud service solutions (BAAS), which together provide an interoperable, distributed development environment similar to Alibaba Cloud and AWS. FLUX uses POW as its foundation and provides on-chain governance by rewarding those who participate in providing node operators.
The Flux operating system runs on Linux, providing the network with proven enterprise-level computing power and using blockchain to ensure transparent governance operations. FLUX node operators can choose one of three hardware requirements and provide support to the entire node network. In this way, any node that runs a node and provides computing power to the network can be rewarded.
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Flux is the cryptocurrency that powers the Flux ecosystem, including a massive decentralized computing network. Flux provides users with institutional and private control over their cloud infrastructure in a decentralized manner.
Flux provides incentives for miners and FluxNode operators on the highly scalable Flux Network, and is the currency for purchasing resources and driving transactions on our computational network called FluxOS.
Flux Features:
Traffic is the key
Flux runs on its own blockchain and supports every aspect of the Flux ecosystem. From purchasing resources on the Flux network to enabling decentralized 2FA, Flux is essential to the smooth functioning of the ecosystem.
Community Involvement
Flux is a community-driven Proof-of-Work (PoW) cryptocurrency with a fair distribution (no ICO) that community members can earn by mining and/or operating FluxNodes. Those who contribute the most to the network and the smooth running of the ecosystem are also the ones who receive the greatest rewards.
FluxHash
To support this, Flux uses its own custom PoW hashing algorithm, FluxHash. It is ASIC-resistant, making it attractive to GPU miners and ensuring decentralized mining pools. FluxHash is a unique algorithm that is based on the previous Equihash algorithm from ZCash(200,9) and ZHash(144,5).
Flux Roadmap
Flux Network has been in continuous development over the past three years. The Flux team is committed to building in any market conditions. At Flux, we all have a common goal: to build the next generation of decentralized computing power.
Flux Parallel Assets makes Flux accessible to DeFi platforms on Ethereum and Binance Smart Chain. Here is a step-by-step guide to adding liquidity on Uniswap and PancakeSwap:
