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About Flux
Key Points
- Flux is a cryptocurrency that powers the Flux ecosystem.
- The Flux ecosystem consists of a native cryptocurrency ($FLUX), a decentralized computational network (FluxNodes), a Linux-based operating system (FluxOS), a digital asset platform (Zelcore), and a blockchain for on-chain governance, economics, and parallel assets.
- Flux has a computational network of over 15,000 decentralized nodes, with 108,000 CPU cores, 288 TB of RAM, and 6.7 PB of storage, making it the largest decentralized network in the world.
- Flux is developing Proof of Useful Work (PoUW), which will transform how we view Proof of Work blockchains and solve sustainability
About Flux: Empowering the Future of Decentralized Applications
Unveiling Flux: A Comprehensive Overview of the Cryptocurrency and Its Mechanisms
At the heart of the Flux ecosystem lies the Flux cryptocurrency, a versatile digital asset that serves multiple purposes. It facilitates the acquisition of resources, enables the collateralization of nodes, and fuels transactions on FluxOS, while also incentivizing miners and FluxNode operators by rewarding them for their provision of computational resources.
The Flux ecosystem is dedicated to democratizing access to the decentralized Internet of the future, Web3, by empowering individuals to develop, deploy, and utilize its vast potential.
Currently, the Flux ecosystem comprises a native, minable proof-of-work cryptocurrency ($FLUX), a robust decentralized computational network (FluxNodes), a Linux-based operating system (FluxOS), a premier digital asset platform (Zelcore), and, ultimately, the Flux blockchain, which facilitates on-chain governance, economics, and parallel assets, thereby enabling seamless interoperability with other blockchains and DeFi access.
As of 2023, Flux boasts a formidable computational network comprising approximately 15,000 decentralized nodes, strategically dispersed globally, and collectively harnessing the power of over 108,000 CPU cores, 288 terabytes of RAM, and a staggering 6.7 petabytes of storage capacity, thereby earning the distinction of being the world’s largest decentralized network.
Unveiling the Unparalleled Essence of Flux
Decentralization is the cornerstone of the Flux Web3 ecosystem. While numerous projects claim to be “Web3,” they often rely on centralized infrastructure, rendering them vulnerable to the pitfalls of centralization. This means that applications built on these platforms are susceptible to the “single point of failure” phenomenon, where downtime in centralized data centers can have far-reaching consequences. In contrast, Flux boasts a genuinely decentralized Web3 infrastructure, ensuring 100% uptime and eliminating the risk of single-point failures. Furthermore, Flux has been pioneering the development of Proof of Useful Work (PoUW). The transformative impact of PoUW on both the crypto and traditional spheres will be profound. As one of Flux’s most ambitious undertakings, PoUW has the potential to revolutionize our understanding of Proof of Work blockchains and address the pressing sustainability concerns that have drawn criticism from blockchain skeptics.
Flux is poised to leverage the immense computational power of its GPU miners, typically utilized to secure blockchain networks, to tackle real-world challenges instead of solving arbitrary mathematical problems inherent in traditional Proof of Work (PoW) chains. The scope of potential applications is vast, encompassing tasks such as video encoding, weather forecasting, and supporting research teams in refining their machine learning models.
In the Flux Ecosystem, What Are Parallel Assets?
Parallel assets can be aptly likened to token bridges, seamlessly facilitating the transfer of assets between disparate blockchains. By integrating with diverse applications, including decentralized finance platforms on the Flux computational network, parallel assets effectively mitigate the risks associated with application limitations within the Flux ecosystem. This enables development teams working on Flux-based projects to maintain the distinctiveness of their blockchains while still accessing the comprehensive infrastructure available within the Flux ecosystem. The Flux operating system (FluxOS) takes interoperability to the next level by empowering developers to deploy any application on any blockchain, courtesy of its cross-compatible software. Furthermore, Flux parallel assets unlock new opportunities for arbitrage trading. By leveraging price discrepancies across various decentralized exchanges (DEXs), Flux traders can swiftly capitalize on these differences by swapping native Flux for the corresponding parallel asset, all within a matter of seconds, courtesy of the ‘Fusion’ feature integrated into the Flux wallet (Zelcore).
In April 2021, Flux embarked on an ambitious journey with the launch of its inaugural parallel asset, Flux-Kadena, subsequently followed by the introduction of Flux-ETH and Flux-BSC, which exist in tandem on the Ethereum and Binance Smart Chain ecosystems. By the third quarter of 2021, Flux-Sol and Flux-Tron were successfully distributed to native Flux holders. The year 2022 witnessed the debut of Flux-Avax, with Flux-Ergo making its entrance in September of the same year. To date, a total of seven parallel assets have been deployed, with three more slated for future release, bringing the total to ten.
The FLUX Supply, Allocation, and Distribution: A Comprehensive Breakdown
There will be a fixed total supply of 440 million FLUX, which can be seamlessly transferred between parallel asset chains and the native Flux chain. Although the circulating supply will be dispersed across multiple chains, the maximum supply will remain capped at 440 million. As of 2023, the current circulating supply stands at 285,978,944 FLUX, with 120,333,500 FLUX locked in Flux nodes.
Since its inception, Flux has been mined solely using Graphics Processing Units (GPUs), devoid of any Initial Coin Offering (ICO), Initial Exchange Offering (IEO), or pre-sale. The FLUX token allocation is as follows: 94.7% is held by users, 2.9% by the Flux Foundation, 1.7% for exchange listing and liquidity, and 0.7% by the Flux Team.
The block reward is bifurcated, with 50% allocated to Proof of Work (POW) and 50% distributed to FluxNode operators. Currently, each mining block yields a reward of 37.5 Flux. Additionally, 37.5 Flux are distributed to node operators through a deterministic round-robin system, where the reward is divided among three node tiers. As more nodes join a tier, the time between rewards increases, as the ‘queue’ in the round-robin system grows longer. This ensures a fair, transparent, and predictable reward distribution to FluxNode operators. Furthermore, both miners and node operators can earn supplementary rewards through parallel mining, which involves the distribution of Flux parallel assets, effectively doubling the block rewards. Although the distribution of unreleased parallel assets is deferred until their release.
In the Flux Network, Who Operates the Nodes?
Flux nodes are decentralized nodes operated by a global community of users. Node operators have the flexibility to set up their nodes on their own hardware or opt for a Virtual Private Server (VPS). Additionally, several community-driven node providers, such as Hostnodes and GoldieTech, offer home-hosted nodes on their hardware, catering to a broader user base. With a staggering 15,000 nodes, Flux has established itself as the largest decentralized network globally.
In collaboration with Lumen Technologies and OVHcloud, Flux is bridging the gap between traditional infrastructure and Web3, poised to deliver a truly distinctive Web3 experience. This is made possible by a diverse infrastructure ecosystem, spanning from edge computing-enabled Nvidia Jetsons situated in residential settings to robust, Enterprise-level Lumen infrastructure, which leverages adaptive networking and cutting-edge connected security solutions. The Titan program empowers anyone to contribute to the deployment of Enterprise-level infrastructure for the Flux network, providing a seamless way for everyone to support Web3, regardless of technical proficiency.
Node Tiers: A Hierarchical Framework
Flux features a three-tiered node system, comprising: 1. Cumulus, which necessitates a stake of 1,000 $FLUX; 2. Nimbus, requiring a stake of 12,500 $FLUX; and 3. Stratus, demanding a substantial stake of 40,000 $FLUX.
This collateral remains unfettered and is entirely at the users’ disposal. Flux node operators retain the autonomy to dissolve their node and liquidate the collateral at their discretion. The current rewards for operating a node can be conveniently accessed on the FLUX dashboard – www.home.runonflux.io.
Recently, Flux introduced Titan on-chain staking, a groundbreaking innovation that has taken the network to the next level. The Titan nodes, comprising powerful Stratus tier Flux nodes, are expertly operated by seasoned Flux node operators. By leveraging Lumen Technologies’ cutting-edge infrastructure, these nodes offer attractive and robust hosting solutions tailored to the needs of Enterprise clients. In a bid to maintain decentralization, community providers have risen to the challenge, setting up servers for Titan as well. To participate in this exciting opportunity, a minimum of 50 Flux is required, which can be easily managed through the official Zelcore wallet. Via Zelcore, users can lock their Flux in a 3, 6, or 12-month stake, thereby participating in a shared Titan node on the FluxOS marketplace. Upon completion of the staking period, users will have their collateral unlocked, accompanied by their staking rewards. Furthermore, users have the option to auto-renew their stake, allowing the Titan nodes to auto-compound their original stake and rewards, thereby maximizing their returns.
Currently, the rewards for operating a Titan node can be accessed via the FLUX dashboard, available at
https://home.runonflux.io/apps/shared-nodes
.
Interested in running a Flux node? Visit
https://runonflux.io/flux-nodes.html
for more information. How do users benefit from Flux? What is the simplest way to participate in Flux? There are numerous ways to maximize your FLUX. Initially, simply holding FLUX yields benefits. Every time FLUX introduces a new parallel asset, FLUX holders receive an airdrop of the new tokens. Additionally, you can participate in running nodes, on-chain staking in Titan nodes, and staking on Coinmetro. You can also become a Flux miner, leveraging parallel mining to earn FLUX on the main chain and all parallel chains at a 1:10 ratio. Furthermore, you can earn FLUX by engaging with the Flux community on Discord. Who are Flux’s key partners, and how do these partnerships enhance the ecosystem? Flux is proud to be part of Nvidia’s Inception program, granting access to cutting-edge technology, expert networking events, and co-marketing support. Flux has also partnered with Seeed Studio, a developer of hardware for home-hosted Flux nodes. Recently, Flux announced partnerships with Lumen Technologies (a Fortune 500 company) and OVHcloud (Europe’s leading cloud provider) to accelerate the adoption of Web3 and next-generation technologies by creating an attractive platform for enterprise clients. Moreover, Flux is collaborating with the University of Applied Sciences in Geneva, Switzerland, on PoUW use case buildout.
One of Flux’s most significant partnerships is with Kadena, with the majority of Kadena’s nodes being hosted on the Flux network. This enduring collaboration has consistently flourished over the years, culminating in Flux becoming the default cloud platform for a plethora of projects within the Kadena ecosystem, including KDLaunch, Kaddex, KDSwap, Docushield, Timpi, Babena, Miners of Kadenia, KDABet, Kadcars NFT, KadeFi, Arkade, Kadena Weeb, and many more.
Beyond the Kadena ecosystem, Flux extends its decentralized Web3 infrastructure to support a diverse range of projects and decentralized applications (dApps), including Kusama nodes, Polkadot nodes, Presearch nodes, Firo nodes, Ethereum light nodes, Rosetta Server, Raven nodes and explorer, Anchor Protocol, Haven Vault, Pangolin DEX, Aave Liquidity Protocol, Ergo Auctions, Osmosis, Dash nodes and explorer, Ragnar Finance, and many more. Furthermore, Flux has become a hub for games and productivity apps, providing a conducive environment for their growth and development.
One of the most notable achievements has been the surge in projects leveraging Flux infrastructure to deploy their decentralized applications (DApps), nodes, or even parts of their infrastructure, thanks to FluxLabs, an incubation and acceleration program specifically designed for early-stage startups in the burgeoning blockchain and cryptocurrency sectors.
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Meet the Visionary Co-Founders Behind Flux
Flux boasts a triumvirate of co-founders, each bringing a unique set of skills to the table. Daniel Keller, hailing from the USA, serves as Co-Founder and Chief Strategy Officer, leveraging his 25+ years of experience in technology infrastructure, operations, and large-scale project leadership to facilitate seamless communication across all organizations. Tadeas Kmenta, the second Co-Founder, has been instrumental in developing the project since its inception and currently occupies the role of Chief Innovations Officer, where he focuses on pioneering new and emerging technologies built on Flux and FluxOS. Rounding out the trio is Parker Honeyman, Chief Operations Officer and engineer extraordinaire, who brings a wealth of technical expertise and proven development processes to the project.
Acquiring Flux (FLUX): A Comprehensive Guide to Top Exchanges
FLUX is accessible across a diverse range of cryptocurrency exchanges, catering to different regions. To access the most up-to-date list of exchanges and trading pairs for FLUX, please navigate to our Flux market pairs tab.
Flux is listed on a multitude of prominent cryptocurrency exchanges, including, but not limited to, Binance, BinanceUS, Crypto.com, Gate.io, and KuCoin, among others.
To obtain the current FLUX price in your preferred fiat currency, you can utilize CoinMarketCap’s convenient converter tool, readily available on the Flux price page. Alternatively, you can access the dedicated exchange rate converter page. Notably, popular Flux price pairs include FLUX/USD and FLUX/EUR.
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The Flux Network is home to a thriving ecosystem of over 4,000 decentralized applications (DApps), with new projects being continually added to its repertoire. This rapid growth is driven by the formation of strategic partnerships with other blockchain projects, businesses, and app developers. At its core, Flux remains an independent, community-driven, and open-source initiative, committed to fostering innovation and collaboration.