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COINTURK NEWS > Altcoin News > What is Flux Coin?
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What is Flux Coin?

In Brief

  • Flux is defined as the next generation of scalable decentralized cloud infrastructure.

  • It is sufficient to develop, manage, and build your applications on multiple servers simultaneously.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Flux is defined as the next generation of scalable decentralized cloud infrastructure. It is sufficient to develop, manage, and build your applications on multiple servers simultaneously.

Contents
What is Flux (FLUX)?How to Buy Flux Coin?

What is Flux (FLUX)?

The Flux Ecosystem is a fully operational suite of decentralized computing services and blockchain solutions as a service, offering an interoperable, decentralized, AWS-like development environment. The ecosystem consists of several components, all fully deployed and operational.

Flux is a native GPU-minable POW (Proof of Work) cryptocurrency that provides incentives to reduce malicious actors through hardware hosts, on-chain XDAO governance, and staking requirements for running hardware.

The Next Generation Decentralized Web3 Computational Network boasts over 2300 Flux nodes providing approximately 10,900+ digital core CPU power, 35+ terabytes of RAM, and 850+ terabytes of storage worldwide. Anyone who provides the required Flux collateral and hardware for one of the three tiers of Flux nodes can set up a Flux node.

Furthermore, Flux nodes can be operated on Raspberry Pi/Home PC/Servers/VPS hardware from anywhere in the world. Flux node operators are rewarded with Flux through block rewards but can also earn other cryptocurrencies by hosting specific dapps on their nodes.

FluxOS is an operating system running on Linux to manage the network by validating and benchmarking computing power, deploying, running, and load-balancing decentralized applications, managing XDAO governance, and more. Any hardened docker application can be deployed through FluxOS, and the network currently hosts over 30 dapps, including blockchain infrastructure, social media, data collectors, websites, games, and file storage.

Flux Fusion is a DeFi bridge providing access to major decentralized exchanges like Uniswap and Pancakeswap. Lastly, Zelcore is the official Flux wallet, a premier multi-asset, self-custody wallet for PC and mobile devices with in-wallet integration of major centralized and decentralized exchanges.

Flux is an open-source, community-driven, and independent project without any external investors. Therefore, $Flux is fairly distributed without any pre-mined coins or distributions to anyone outside of its holders, miners, and node operators. The project is committed to building a truly decentralized future by remaining independent and continuously pushing for innovation in blockchain technology.

How to Buy Flux Coin?

FLUX Coin can be quickly and securely purchased via Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.

To buy FLUX Coin, one must first become a member of Binance and then send fiat currency. After sending fiat currency such as or USD, a purchase can be made in the Tether (USDT), BUSD, and Bitcoin (BTC) FLUX trading pairs where FLUX Coin is traded.

In addition, users can place purchase orders at a lower value, not just at market value, on Binance. To do this, you just need to use the Limit tab and enter the amount you want to buy and the price you want to buy at.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 15 May, 2024 - 10:00 pm 15 May, 2024 - 10:00 pm
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