Flux FLUX / Flux

What is Flux cryptocurrency and how does it work?

Flux is the cryptocurrency that powers the Flux ecosystem. It has a number of uses including purchasing resources, collateralizing nodes and fuelling transactions on FluxOS, as well as rewarding both miners and FluxNode operators for providing computational resources.

The Flux ecosystem is devoted to empowering everyone to develop, deploy and use the decentralized Internet of the future: Web3.

At this moment the Flux ecosystem consists of: a native, minable POW cryptocurrency ($FLUX), a powerful decentralized computational Flux Network (FluxNodes), a Linux based operating system (FluxOS), the premier digital asset platform (Zelcore), FluxEdge (decentralized GPU renting platform) and, finally, the Flux blockchain for on-chain governance, economics and parallel assets to provide interoperability with other blockchains and DeFi access.

Currently (2024/9) Flux has a computational network consisting of around 13,500 decentralized nodes, distributed globally with more than 107,000 CPU cores, 270 terabytes of RAM and over 7 petabytes of storage. That makes FluxCloud the largest decentralized network in the world!

For real-time data visit: https://home.runonflux.io/dashboard/resources

FluxCloud currently hosts over 20,000 DApps, with more decentralized projects being added all the time. This is fuelled by the development of active partnerships with other blockchain projects, businesses and app developers. Flux is and will always be, an independent, community-driven and open-source project.

What makes Flux unique?

Decentralization is essential for FluxCloud. There are many projects calling themselves “Web3” but they use centralized infrastructure, that means they are not decentralized and applications running on them are prone to being impacted by ‘single point of failure’ as centralized data centers experience downtime, which is constantly happening in centralized clouds. Flux is the first truly decentralized Web3 infrastructure, with no single point of failure and 100% uptime.

Flux has been advancing Proof of Useful Work (PoUW) through its FluxEdge platform, with the potential to revolutionize both the crypto and traditional industries. FluxEdge is one of Flux’s most ambitious projects, aiming to transform the way Proof of Work (PoW) blockchains operate while addressing the sustainability concerns often highlighted by critics.