Flux

What is flux?

Flux Coin, or FLUX, is the official cryptocurrency of the Flux crypto project. The latter is a community-driven platform that provides Blockchain as a service (BaaS) and cloud computing solutions.

FLUX is a digital utility asset that has multiple use cases. He serves crypto reward to ensure blockchain security and nourishes the ecosystem when registering new users. It is also used for intranet management goals.

When it comes to governance, Flux gives node operators a say in Thread Management Platform (XDAO). In addition to submitting their own proposal, they can vote to accept or reject submitted proposals.

Moreover, FLUX has its own blockchain.

Additionally, the Flux coin comes with parallel assets. Simply put, parallel assets increase the availability of Flux coin, thereby making it more tradable. These parallel assets are interchangeable with Flux coin at a 1:1 ratio.

Anyone who owns the FLUX token will be able to claim parallel assets on the exchange. Fusion decentralized application.

The coin itself is ZCash fork. This means that Flux coins are mined using Proof of Work (PoW) consensus mechanism. However, this is where the similarities between ZCash and FLUX end. The Flux team has improved the ZCash protocol to improve the performance and security of Flux coins. Some of these improvements include ongoing PoW updates to ensure ASIC resistance in addition to integration FluxNodes layer.

Flux coin was originally launched under the name ZEL through a fair launch. This means that there were no pre-mining events and no allocation or distribution of tokens outside of groups of holders, miners and node operators.

Apart from the main exchanges, FLUX can also be obtained through CPU mining and node operation.

You can view Flux price history or the current Flux price in more detail in the chart above.

What are the main characteristics of flux?

As discussed in What is flux In the ecosystem section, Flux offers a set of blockchain-based products and services related to BaaS and cloud computing. Its infrastructure consists of decentralized computing nodes from all over the world.

Flux works blockchain Flux, which was launched in early 2018. It works using the PoW consensus algorithm. Node operators ensuring platform security must select 1 of 3 levels of FluxNodes before running a node: Cumulus, Nimbus or Stratus clouds. The selected level is determined by the equipment requirements and pledge in the form of Flux coins. It also determines the block reward received by the node operator.

The Flux ecosystem itself consists of various products and services, including:

• FluxOS is a second-level operating system running on Linux. This allows secure dockerized applications to run on the Flux network. FluxOS hosts over 500 projects such as frameworks, nodes, whitepapers, decentralized applications, social platforms and games, among many others;
• Zelkor is the official Flux wallet, which is a multi-asset protocol that serves as a standalone crypto wallet. It comes with DEX and CEX integration. Zelcore is available for both desktop and mobile users.

Apart from FluxOS and Zelcore, the ecosystem also provides a wide range of decentralized applications.

Be sure to check the FLUX price in the chart above before making any purchasing decisions.

Who developed flux?

The Flux cryptocurrency project has been launched Zelkor Technologies in 2021. Its co-founders are Daniel Keller, Parker Honeyman and Tadeas Kmenta.

Before Flux, the trio co-founded ZelCore Technologies Inc. Web 3.0 a platform that serves as a gateway to everything blockchain related.

Parker Honeyman successfully completed his studies at Santa Clara University, where he received a degree in mechanical engineering. After his studies, Honeyman began working as a research and development engineer at Sadra Medical, before moving on to become an engineering consultant at JC Medical. At ZelCore Technologies, Honeyman has served as Chief Operating Officer since its founding in 2017.

Tadeas Kmenta has 8 years of experience in web, app and blockchain development. He went to CTU Prague and immediately became a co-founder of ZelCore Technologies Inc., where he now works as CTO.

Daniel Keller has been in the cryptocurrency space for over 10 years and has worked in IT management for 25 years. Keller currently assumes the role of CSO.

The core team consists of more than 25 people from different professional backgrounds.

The Flux cryptocurrency project has not accepted any outside investment, making it a completely independent project.