Flux is a suite of decentralized computing services and blockchain solutions that provide an interoperable and decentralized development environment. It uses a native PoW coin, FLUX, to incentivize hardware hosters, enable governance on-chain, and mitigate bad actors. The Flux operating system runs on top of Linux to provide high-availability compute power, and anyone can be rewarded for providing hardware to the network.
Flux was created in 2018 by Parker Honeyman, Daniel Keller, and Tadeáš Kmenta.
Flux is based on Zcash but differentiates itself through its commitment to remaining ASIC-resistant by continually changing the POW algorithm to stay ahead of ASIC/FPGA development and the addition of FluxNodes. FluxNodes is the main incentive for operating a node in the ecosystem and is available to anyone with the required Flux and hardware. The goal is to have thousands of potential nodes operating on the network, allowing anyone to participate and solve the scalability issue through available raw processing power.
FluxNodes are a core module of the Flux Ecosystem and provide decentralized computing power to run applications on a fair-priced network with no single point of failure, utilizing Docker app deployment and a tiered-privilege API system to ensure security and stability, with Flux acting as the master coordinator for launching dockerized applications, sidechains, and asset layers. The Flux team built the open-source MEVN stack from scratch, allowing for easier maintenance, faster iterative development, and wider community contributions, enabling almost any developer to create an application that runs smoothly on the FluxNodes network.
FLUX is the native token of the platform that powers all transactions. It has 440,000,000 in total supply and 277,317,949 in circulating supply.
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