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According to CryptoSlate data, since August 6, FLUX’s value has increased by 130%, making it among the top 100 cryptocurrencies by market capitalization.
On July 12th, the flux bottomed out at $0.394, providing a spur to an incredible rise that peaked at $1.437 on September 6th. After that, a bullish depletion began and Flux fell below the previous day’s close.
Flux, formerly known as Zelcash or Zel, March 2021. per project white paperthe team plans to tackle the problem of unsolved blockchain needs by providing digital infrastructure to underpin the future.
flux aims to be the leading-edge scalable next-generation distributed cloud architecture solution.
“The Flux Ecosystem is a suite of distributed computing services and blockchain-as-a-service. A solution that provides an interoperable, distributed AWS-like development environment.“
At the heart of the ecosystem is the native FLUX token. strongly encourageProtect your ware hosters, facilitate on-chain governance, and mitigate bad actors. Running hardware requires staking FLUX, and bad actors face token seizure for illegal activities.
The team believes that a standardized approach should be used to approach blockchain-based decentralized cloud infrastructure. The Flux ecosystem system provides this technology via a “digestible toolset”.
Flux is linked with strategic partnerships to develop the ecosystem through its incubator program and hopes to bring “usable blockchain products.” An easy-to-use application for the masses. “
There has been no specific new underlying development on Flux recently.
its latest Position Learn why GameFi is challenging the current paradigm dominated by Sony, Nintendo, and Microsoft. In short, the piece made the case for incentivizing and rewarding gamers rather than the big corporations that currently dominate.
However, Flux did not disclose specific game projects in development on the chain, other than suggesting that it is the “perfect infrastructure to power” Web3 games.
Interestingly, the team has an Ethereum PoW miner joining Flux ecosystem. Ethereum is set to leave its existing PoW miner behind and move entirely to a Proof of Stake (PoS) chain.
Nonetheless, the team sees PoW as the only viable future and welcomes GPU miners to participate in securing Flux chains.
Flux will forever be an ASIC-resistant proof-of-work GPU minable coin. Without miners securing the Flux blockchain, there can be no true decentralization.
