What is Flux?
Flux's core values and ethos revolve around the rise of Web 3.0 - a movement driven "By, and For the People." It aims to empower individuals by returning the power from corporations to the common people. The Flux Cloud operates in a decentralized manner, utilizing thousands of servers from around the world connected through a unified operating system. Individuals play a crucial role in this network, providing computational resources through their home-based bare metal machines or rented servers and receiving 50% of the total block reward as an incentive. Currently supporting over 14,000 nodes globally, Flux's decentralized cloud offers an abundance of computational resources, including over 98,000 cores, more than 270 TB of RAM, and over 6 Petabytes of SSD storage. This Web 3.0 cloud powerhouse allows for the deployment of applications in a decentralized and censorship-resistant manner. Additionally, Flux Cloud provides a secure platform for users to run their WordPress sites and store their files on the Flux blockchain, ensuring enhanced safety and data integrity. Choosing Flux over traditional Web2 infrastructure providers brings numerous advantages, such as redundant applications with automatic failovers, language-agnostic functionality through Docker Hub containers, automated application updates, competitive pricing, and the ability to leverage the Flux blockchain for running WordPress sites and storing files securely.
Flux is the largest decentralized Web3 cloud infrastructure, a blockchain alternative to “BigTechs” such as AWS or Google Cloud. To this date the decentralized cloud of Flux is supported by over 15,000 nodes all around the globe. Its total available computational resources are roughly 111,500 Cores, 193 TB of RAM, and over 6,7 PT (Petabytes) of SSD. A Web 3.0 cloud powerhouse which can be used to deploy applications in a decentralized, and censor resistant manner. There are plenty of advantages of using Flux instead of traditional Web2 infrastructure providers. All applications are redundant and do have automatic failovers in case of any outages, the cloud is agnostic to code language as it uses Docker Hub containers as on-ramp, it automatically keeps applications up to date to the respective container. Flux is the first truly decentralized cloud infrastructure and also the most affordable cloud provider in space. Secure, scalable, interoperable, reliable, decentralized, censorship resistant and with no downtime.
What is Flux cryptocurrency?
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) and, finally, the Flux blockchain for on-chain governance, economics and parallel assets to provide interoperability with other blockchains and DeFi access.
Currently Flux has a computational network consisting of around 15,000 decentralized nodes, distributed globally with more than 102,100 CPU cores, 275 terabytes of RAM and 6,3 petabytes of storage. That makes Flux the largest decentralized network in the world!
For real-time data visit: https://home.runonflux.io/dashboard/resources
The Flux Network currently hosts over 4,000 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.
Another Flux description:
Flux is a UTXO based blockchain that powers all of the Flux ecosystem. Its consensus is POW, with its own modified Equihash 125_4 algorithm to make it ASIC resistant. Flux is a fair launched project without any Venture Capital, Private sale or ICO/IDO allocations. It is 94.7% community owned. In addition to its POW consensus, there are so-called FluxNodes, which are highly computational Masternodes powering the Web3 Cloud of Flux. The total block reward is equally shared in half between the Proof-of-Work Miners and FluxNodes.
The native currency FLUX 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.
Check out this Video to learn all about Flux and what it is about:
https://www.youtube.com/watch?v=cqZkNO7KM00
What makes Flux unique?
Decentralization is essential for the Flux Web3. 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 developing PoUW. The impact Proof of Useful Work will have on both crypto and traditional industries will be tremendous. It is one of the biggest projects that Flux is undertaking and has the potential to transform how we view Proof of Work blockchains and solve the current sustainability issues that are often subject to negative attention from blockchain critics.
Flux is looking to harness the vast amount of compute power its GPU miners use to secure the blockchain by getting it to solve real-world problems instead of the random problems used in traditional PoW chains. The types of real-world problems that could be used range from encoding video to predicting the weather to helping research teams with their machine learning models.
How to deploy on Flux, what is the cost?
Anything can run on the Flux decentralized cloud, infrastructure or front-end. It can be built in any language, if you can dockerize it, Flux can run it! Flux uses docker hub for deployment and all applications are redundant, running on at least three instances, up to 100 instances, and there is a balance between them. And if one server/instance goes down the application will be connected to another one immediately and automatically, that means the application cannot be down.
The Flux cloud is currently the most affordable cloud in space and the most decentralized. The cost of deploying on Flux is more than 10x less than deploying on centralized cloud providers such as AWS or Google cloud.
Get starter: https://runonflux.io/deploy-dapp.html
What is Flux Drive
Flux Drive allows you to upload almost anything and store it on Web3 without the fear of data loss. Think of it as “Dropbox on steroids.”
FluxDrive works like a conventional cloud storage system, allowing you to upload files directly from your mobile phone or computer. You also get an IPFS link that can be used to share the file or even used in a running code.
There are different tiers of storage on FluxDrive, and users can choose to upgrade their plan to enjoy more storage space. FluxDrive also implements a fiat payment ramp!
What are parallel assets in the Flux ecosystem?
Flux has implemented a mechanism of parallel assets that live on other blockchains.
Besides its native coin Flux is also available at multiple other blockchains via its parallel assets. They allow Flux to be interoperable with major blockchains, grant access to DeFi services and enable developers to run any application on other blockchain, thanks to the software’s cross-compatibility.
Parallel assets can be likened to token bridges that allow assets to be ported from one blockchain to another. Parallel assets can be integrated with different applications, including those of decentralized finance on the Flux computational network, thus, removing the risks of those applications being limited to the Flux network. This way, development teams working on projects using Flux can maintain the uniqueness of their blockchains while still being able to access all the infrastructure they need in the Flux ecosystem. The Flux operating system (FluxOS) takes the interoperability provided by parallel assets further by enabling developers to run any application on any blockchain, thanks to the software’s cross-compatibility. Another advantage that comes with Flux parallel assets is the creation of new opportunities for arbitrage trading. Flux traders can spot differences in the price of flux parallel assets across different DEXs and quickly take advantage of them by swapping native Flux for that parallel asset. This can happen in only a few seconds by using ‘Fusion’ built into the Flux wallet (Zelcore)
In April 2021, Flux launched its first parallel asset, Flux-Kadena, followed by Flux-ETH and Flux-BSC existing on the Ethereum and Binance Smart Chain. By the 3rd quarter of 2021, Flux-Sol and Flux-Tron were distributed to native Flux holders.Flux-Avax has been the first asset to be distributed in 2022 with Flux-Ergo scheduled for launch in the fall of 2022. In all, there are going to be ten parallel assets of which six are now deployed with four more to follow.
What is the FLUX supply, allocation and distribution?
There will only ever be 440 million FLUX. The 440 million can reside on any of the parallel asset chains or on the native Flux chain as they are able to move between chains, so while the circulating supply will be distributed across many chains, the maximum supply will always be 440 million.. Current (2022/8) circulating supply is 257,367,586 FLUX; 106,254,000 FLUX of which is locked in Flux nodes.
Flux has been GPU mined since day one; no ICO/IEO/Pre-sale was held.
FLUX Token Allocations:
The block reward is divided by 50% POW and 50% to FluxNode operators. A mining block currently carries a reward of 37.5 Flux. For each block 37.5 Flux are also distributed to node operators in a deterministic round robin system with the reward being split between three node tiers. As more nodes join a tier the time between rewards grows as the ‘queue’ in the round robin system grows longer. This ensures a fair, transparent and predictable reward distribution to FluxNode operators. Both miners and node operators earn additional rewards through parallel mining which is the distribution of Flux parallel assets, this essentially doubles the block rewards, although the distribution of the unreleased parallel assets doesn’t occur until their release.
Who runs the nodes in the Flux network?
Flux nodes are decentralized nodes run by users all over the world. Flux node operators have the option to choose setting up their node on their own hardware or they can use a VPS. Also we have several community node providers such as Hostnodes or GoldieTech nodes that run home-hosted nodes for anyone on their hardware. With currently almost 13,000 nodes Flux is the biggest decentralized network in the world.
Flux and Lumen Technologies are working together to bridge the gap between legacy infrastructure and Web3. Flux will be able to deliver a truly unique Web3 experience, backed with infrastructure ranging from edge computing enabled Nvidia Jetsons running in people’s homes to Enterprise level Lumen infrastructure utilizing adaptive networking and connected security solutions. The Titan program enables anyone to participate in deploying Enterprise-level infrastructure for the Flux network. It provides everyone with an easy way to support Web3 and doesn’t require any technical knowledge.
What are the Node Tiers?
Flux has 3 tiers of nodes
1. Cumulus: Requires 1000 $FLUX
2. Nimbus: Requires 12,500 $FLUX
3. Stratus: Requires 40,000 $FLUX
This collateral isn’t locked and belongs to users. Flux node operators are able to delete their node and sell collateral whenever they want. Current rewards for running a node can be seen on the FLUX dashboard – www.home.runonflux.io.
Recently Flux introduced Titan on-chain staking. The Titan nodes are powerful Stratus tier Flux nodes operated by experienced Flux node operators. The Titan nodes leverage Lumen Technologies infrastructure to create attractive and powerful hosting solutions for Enterprise clients. To keep things decentralized, community providers have stepped up and stood up servers for Titan as well. To participate, all you need is to have 50 Flux in the official Zelcore wallet for the minimum Titan collateral. Via Zelcore, you will be able to lock your Flux in a 3, 6, or 12-month stake and participate in a shared Titan node on the FluxOS marketplace. After this time, you will have your collateral unlocked along with your staking rewards. You also have the option to auto-renew your stake, the Titan nodes will then auto-compound your original stake and rewards.
Current rewards for running a Titan node can be seen on the FLUX dashboard – https://home.runonflux.io/apps/shared-nodes.
Want to run 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 take part in Flux?
There are many ways of making the most of your FLUX. At first just by holding. Every time FLUX introduces a new parallel asset there is an airdrop of the new tokens to FLUX holders. Then running nodes, on-chain staking in Titan nodes and staking on Coinmetro. Of course you can also be a Flux miner! Thanks to parallel mining it is very profitable, because you not only earn Flux on the main chain but on all parallel chains as well, in a 1:10 ratio to FLUX. You can also earn FLUX by getting involved with the Flux community on Discord.
Who are important partners of Flux and how do these partnerships help the ecosystem?
Flux is extremely proud to be a part of Nvidia’s Inception program! Flux will be able to evolve faster through access to NVIDIA’s cutting-edge technology and experts, networking events, and co-marketing support.
Flux has partnered with Seeed Studio, which develops hardware for home-hosted Flux nodes.
Recently, Flux announced a partnership with Lumen Technologies (a Fortune 500 company) and we will work together to increase the adoption of Web3 and the underlying next-gen technologies by creating an attractive technological platform for enterprise clients. Flux cloud has also partnered with OVHcloud, Europe’s leading cloud provider.
Flux is also working with the University of Applied Sciences in Geneva, Switzerland on PoUW use case buildout.
One of Flux's biggest partnerships is Kadena. Most of Kadena's nodes are hosted on the Flux network. This long-standing relationship has steadily grown over the years and today Flux is the default cloud platform for most projects in the Kadena ecosystem such as KDLaunch, Kaddex, KDSwap, Docushield, Timpi, Babena, Miners of Kadenia, KDABet, Kadcars NFT, KadeFi, Arkade, Kadena Weeb, and more.
Outside the Kadena ecosystem, Flux also provides decentralized Web3 infrastructure for some (projects or Dapps) such as Kusama nodes, Polkadot nodes, Presearch nodes, Firo nodes, Ethereum light node, Rosetta Server, Raven nodes and explorer, Anchor Protocol, Haven Vault, Pangolin DEX, Aave Liquidity Protocol, Ergo Auctions, Osmosis, Ragnar Finance, and more.
One of the great successes that has been increasing the number of projects that use Flux infrastructure to deploy their DApps, nodes or even part of their infrastructure is FluxLabs, an incubation and acceleration project for blockchain and technology-based projects with a focus on early stage startups in the emerging blockchain and cryptocurrency industries.
Learn more about FluxLabs: https://runonflux.io/fluxlabs.html
Flux and Carbon Neutrality
Flux is already working on creating more sustainable solutions for proof of work blockchain and cloud computing. The Flux ethos of improving the world also extends to responsibly utilizing energy. Flux does this through active development and innovation, exploring how emerging technology and blockchain is part of the solution rather than being scapegoats for energy-intensive and inefficient industries.
Flux utilizes an ASIC-resistant mining algorithm to keep things fair and decentralized and keep the energy levels spent on mining in check. Bitcoin and Ethereum can be mined with ASICS, which creates a run on hash rates as ASICS mines very efficiently and is usually deployed at an industrial level. It takes 143 mWh of power to make one Bitcoin and about 3 kWh to make a Flux. So from its inception, Flux has taken measures to reduce the energy overhead of mining. This was a preliminary measure to make a larger impact on the sustainability of proof of work. Flux has taken it upon itself to implement Proof-of-Useful-Work as a consensus method and as a path to a sustainable way of mining cryptocurrency. Flux is working with its partner, the Western Switzerland University of Applied Sciences in Geneva, to develop this innovative technology.
Proof-of-Useful-Work ensures that the computational power is used for solving real-world problems while securing the blockchain simultaneously. This approach still requires power to do and still has a carbon footprint, but since that power is now utilized for doing two jobs at once, the net effect is less power used and less carbon emission.
What is Proof of Useful Work (PoUW) for Flux? How will PoUW impact mining pools?
With PoUW Flux brings more than an alternative to crypto mining, we are transforming the way we currently consume and use resources. Instead of solving randomized algorithms, Flux GPU mining will be directed at solving real-world problems through distributed computing such as machine learning, rendering and more.
As for PoUW itself, it won’t affect the mining pools, as we are building extra functionality on top of your regular POW, Flux aims on improving the use of resources on top of ANY chain.
Learn more about the new Proof-of-Useful-Work consensus here:
https://fluxofficial.medium.com/flux-and-a-sustainable-future-in-blockchain-and-cloud-computing-9669b124a49d
What was the reason why FLUX was founded?
Since its creation in 1989 by Tim Berners-Lee, the World Wide Web has continued to evolve. It has grown from a bunch of “read-only” static pages (Web 1.0) into a social and interactive hub that keeps millions connected (Web 2.0). This transition was championed by multi-billion dollar companies like Facebook (now Meta) and Google.
Even though this approach was innovative and solved a pressing need, it also placed data control in the hands of a few “BigTechs.” These companies could easily determine the rise or fall of other businesses built on their platforms through sanctions and censorship.
The Flux co-founders had a vision to change it. Right around that time when this project was born there were some deplatformings, people were removed from different platforms and the team agreed that they wanted to work on a decentralized computing network - that’s called Web3 today and Flux is the pioneer, truly decentralized Web3 cloud network.
Flux core values and ethos is the rise of Web 3.0 - By, and For the People. Evoke the power of corporations and restore it to the common people. The Flux Cloud is decentralized, based on thousands of single servers from all over the world which are all connected in one operating system. Individuals are the backbone of it. They are providing the cloud with computational resources via home-based bare metal machines or rented servers and get incentivized by 50% of the total block reward.
Who are the Flux co-founders?
Flux has three co-founders. Daniel Keller from the USA is a Co-Founder and Chief Strategy Officer of Flux. This technologically astute leader brings 25+ years of broad experience in technology infrastructure, operations and large scale project leadership, and the ability to bridge effective communication across all organizations. Tadeas Kmenta is the second Co-Founder, who has been developing the project since its inception and is currently working at the position of Chief Innovations Officer focusing on new and emerging technology developed on Flux and FluxOS. The third Co-Founder of Flux is Parker Honeyman, Chief Operations Officer, engineer who brings technical know-how and proven development processes to the project.
Where to Buy Flux (FLUX)?
Flux is available on many top exchanges, such as: Binance, BinanceUS, Crypto.com, Gate.io, KuCoin, and more.