About Flux (FLUX)
Flux (FLUX) is a decentralized cloud platform that helps developers build and run blockchain applications across multiple servers and blockchains. It supports Web 3.0 decentralized apps (dApps) and offers services similar to Amazon Web Services (AWS). The platform is powered by the $FLUX cryptocurrency.
Flux uses a Proof-of-Work (PoW) system for mining, where the computing power of graphics processing units (GPUs) solves complex algorithms to maintain the blockchain.
Flux is a Zcash fork. The Flux platform was launched as a decentralized alternative to cloud infrastructure providers such as Amazon Web Services (AWS) and Google Cloud. Flux self-reports being the leading decentralized cloud infrastructure provider compatible with Web 3.0.
Formerly known as Zelcash, the token was renamed Flux on March 27, 2021. The Flux token self-reportedly facilitates the functioning of the Flux ecosystem, a set of decentralized computing services and blockchain solutions as a service for cloud infrastructure. According to the Flux whitepaper, FLUX is used to run nodes and reward miners. The price of Flux coin is updated and live-tracked on Binance in real-time.