Flux is an open-source, community-driven project that provides a decentralized cloud infrastructure for Web3 applications. By leveraging a global network of over 13,000 nodes, Flux enables developers to deploy and manage decentralized applications (dApps) with high availability, flexibility, and censorship resistance. The ecosystem comprises several key components:
- FluxOS: A second-layer operating system that ensures efficient operation and communication across the network.
- FluxNodes: Decentralized computational network nodes supplying dedicated computing power and generating rewards in FLUX tokens for powering the network.
- Zelcore: A non-custodial wallet for managing digital assets, integrated with the Flux ecosystem, supporting major hardware wallets, and ensuring security with advanced encryption.
Tokenomics
The native utility token of the Flux ecosystem, FLUX, serves multiple purposes:
- Mining Rewards: Users running Flux nodes can mine FLUX tokens by participating in the proof-of-work (PoW) consensus mechanism to secure the Flux network.
- Node Collateral: Users must lock FLUX tokens as collateral when running Flux nodes to mitigate the presence of bad actors.
- Payment Currency: FLUX tokens can be used to pay for Flux network services, such as hosting applications on the Flux network and cross-chain bridge fees.
- Governance: Flux node operators who hold locked FLUX tokens can participate in the governance of Flux. Their voting power is based on the number of locked FLUX tokens in their nodes.
The maximum supply of FLUX is capped at 440 million tokens.
Underlying Technology
Flux operates on its own blockchain, utilizing a proof-of-work (PoW) consensus mechanism. The network employs the ZelHash algorithm, a modification of the Equihash algorithm, designed to be ASIC-resistant, promoting decentralization by enabling GPU mining. FluxOS, the second-layer operating system, manages the deployment and operation of dApps across the network, ensuring seamless communication between nodes.
Supported Networks
Flux has implemented parallel assets that exist on multiple blockchains, including Ethereum, Binance Smart Chain, and Kadena. These parallel assets are interchangeable 1:1 with native FLUX through the Fusion app in Zelcore, allowing users to leverage the beneficial features of multiple blockchains, such as access to various DeFi platforms.
Market Status
As of January 21, 2025, FLUX is trading at approximately $0.5036 USD, with an intraday high of $0.5243 USD and a low of $0.4787 USD. The token has experienced a slight decrease of 3.68% from the previous close.
Investors and Funding
Flux is an open-source, community-driven, and independent project without any outside investors. The FLUX token is fairly distributed without any pre-mined coins or distributions for others than holders, miners, and node operators.
Development Status
The Flux ecosystem is continually evolving, with a robust roadmap focusing on expanding its decentralized cloud infrastructure and enhancing platform features. The project emphasizes community involvement and transparency, regularly updating its roadmap to reflect ongoing developments.
Technological Innovation and Potential
Flux's approach to decentralized cloud computing offers a viable alternative to traditional centralized providers. By enabling the deployment of any dockerized application across its network, Flux provides a scalable and flexible environment for developers. The project's commitment to interoperability through parallel assets and its focus on real-world use cases position it as a significant player in the Web3 infrastructure landscape.
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