Parallel assets can be likened to token bridges that allow assets to be ported from one blockchain to another. What are parallel assets in the Flux ecosystem? 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. 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.įlux 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 impact Proof of Useful Work will have on both crypto and traditional industries will be tremendous. Flux is the first truly decentralized Web3 infrastructure, with no single point of failure and 100% uptime.įlux has been developing PoUW. 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.

This is fuelled by the development of active partnerships with other blockchain projects, businesses and app developers.įlux is and will always be, an independent, community-driven and open-source project.ĭecentralization is essential for the Flux Web3. The Flux Network currently hosts over 4,000 DApps, with more decentralized projects being added all the time. That makes Flux the largest decentralized network in the world! The Flux ecosystem is devoted to empowering everyone to develop, deploy and use the decentralized Internet of the future: Web3Īt 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.Ĭurrently (2023/1) Flux has a computational network consisting of around 15,000 decentralized nodes, distributed globally with more than 108,000 CPU cores, 288 terabytes of RAM and 6.7 petabytes of storage. 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. What is Flux cryptocurrency and how does it work?įlux is the cryptocurrency that powers the Flux ecosystem.

Flux crypto market cap