What is Flux Coin? Flux is a decentralized computing platform that provides high availability infrastructure for Web3. In this article, you can access answers to frequently asked questions by investors such as what is Flux Coin, how does it work, what is FLUX, what is it for. As Kriptokoin.com , we have prepared it for our curious readers.
What is Flux Coin?
Flux Coin is a Web3 computing platform. The platform, which provides users with a state-of-the-art cloud infrastructure, is managed with a decentralized structure. It also provides highly available infrastructures for Decentralized applications (dApps) and other Web3 elements. In addition, it provides users with the opportunity to store their data in a decentralized and secure environment thanks to cloud technology. The native cryptocurrency of the platform is FLUX.
The project emerged with the aim of creating a single platform in the Web3 field that allows applications to be developed, produced and managed simultaneously on many servers. In the project whitepaper, he states this aim as “creating the next generation decentralized computing power”. Running on the Near network, Flux uses a hardened ducker application for computation. Thanks to this practice, competitive pricing is maintained within the platform.
Flux has many partnerships within the Blockchain exosystem. Accordingly, Flux; Kadena hosts and distributes the infrastructures of the Firo and Presearch blockchains. Also, Coinbase incorporates Rosetta, Kusama, and Polkadot nodes. These nodes can run on Flux.
What does FLUX’s token do?
FLUX is the native cryptocurrency of the Flux Coin platform. The token, which has different versions on Ethereum, Binance Smart Chain, Tron and Solana networks, is the driving force of the platform. Accordingly, FLUX has many use cases and these cases ensure the existence of the network. Governance is at the forefront of use cases. Accordingly, FLUX owners have a say in the management of the platform.
In addition, owners decide on various issues such as the platform’s pricing, storage limit. These decisions are made as a result of a vote. Thus, the decentralization of the network is ensured. In addition, FLUX is also used for incentive rewards, payment of transaction fees and mining purposes. Working with the Proof-of-Work consensus mechanism, mining is done with computers with high processing power.
What is Flux Coin? How to Buy?
You can buy FLUX, the token of Flux Coin, through cryptocurrency exchanges. FLUX is currently traded on crypto currency exchanges such as Binance, KuCoin, Gate.io, MEXC, BingX. Interested investors must become a member of one of these exchanges where the token is listed and verify their accounts. After that, they must deposit a fiat currency such as dollars and lira into their wallets. Thus, it is possible to purchase the token for an asset suitable for FLUX pairs.
