Decentralization is a fundamental aspect of FluxCloud. Many projects claim to be "Web3" but rely on centralized infrastructure, making them not truly decentralized. Applications running on such infrastructures are susceptible to a 'single point of failure' because centralized data centers frequently experience downtime, which is a common occurrence in centralized clouds. Flux stands as the first genuinely decentralized Web3 infrastructure, offering no single point of failure and ensuring 100% uptime. Flux has been advancing the concept of Proof of Useful Work (PoUW) through its FluxEdge platform, with the potential to revolutionize both the cryptocurrency and traditional industries. FluxEdge represents one of Flux's most ambitious endeavors, aiming to transform the operation of Proof of Work (PoW) blockchains while addressing sustainability issues commonly raised by critics. Instead of addressing arbitrary problems like traditional PoW systems, Flux utilizes the vast computational power of its GPU miners to solve real-world challenges. These challenges include video encoding, weather prediction, supporting machine learning research, and scaling AI solutions. For more information about FluxEdge, now accessible to the public, visit https://fluxedge.ai.

Parallel assets can be compared to token bridges that enable the transfer of assets from one blockchain to another. These parallel assets can be integrated with various applications, including decentralized finance applications on the Flux computational network, thus mitigating the risk of these applications being confined to the Flux network. This integration enables development teams working with Flux-based projects to preserve the distinctiveness of their blockchains while gaining access to the necessary infrastructure within the Flux ecosystem. The Flux operating system (FluxOS) enhances the interoperability offered by parallel assets by allowing developers to deploy any application across any blockchain due to the software’s cross-compatibility. An additional benefit of Flux parallel assets is the provision of new arbitrage trading opportunities. Flux traders can identify price discrepancies of Flux parallel assets across different decentralized exchanges (DEXs) and capitalize on them by swiftly swapping native Flux for the pertinent parallel asset. This can be executed in mere seconds with ‘Fusion,’ a feature built into the Flux wallet Zelcore: https://zelcore.io/. In April 2021, Flux introduced its inaugural parallel asset, Flux-Kadena, which represented a significant development. This was quickly followed by the release of Flux-ETH and Flux-BSC, enabling expansion onto Ethereum and Binance Smart Chain. By the third quarter of 2021, Flux-Sol and Flux-Tron were made available to native Flux holders, further diversifying the ecosystem. In 2023, Flux-Avax and Flux-Ergo were launched, continuing the expansion trajectory. More recently, Flux-Polygon and Flux-Base were distributed to the community via the Zelcore wallet. Looking to the future, the Flux team is preparing to launch the eagerly awaited Flux-BTC parallel asset.

The total supply of FLUX is capped at 440 million. These FLUX tokens can exist across various parallel asset chains or on the native Flux chain, as they are transferable between chains. Although the circulating supply is spread across multiple chains, the maximum supply remains fixed at 440 million. As of September 2024, the circulating supply is 372,463,109 FLUX, with 114,940,000 FLUX locked in Flux nodes. Flux has been exclusively GPU mined since its inception, with no ICO, IEO, or pre-sale conducted. FLUX Token Allocations: - 94.7% is owned by users - 2.9% Flux Foundation - 1.7% Exchange Listing/Liquidity - 0.7% Flux Team The block rewards are allocated with 50% going to Proof of Work (PoW) miners and 50% to FluxNode operators. Each mining block currently provides a reward of 37.5 FLUX. Additionally, 37.5 FLUX are distributed to node operators per block using a deterministic round-robin system, with rewards divided among three node tiers. As more nodes join a tier, the interval between rewards increases as the 'queue' in the round-robin system lengthens. This process ensures a fair, transparent, and predictable distribution of rewards to FluxNode operators. Both miners and node operators receive extra rewards through parallel mining, which involves the distribution of Flux parallel assets and effectively doubles the block rewards. This process is known as parallel mining.

Flux nodes are decentralized entities managed by users worldwide. Operators of Flux nodes can either establish their nodes on personal hardware or utilize a Virtual Private Server (VPS). Additionally, there are various community node providers, such as Hostnodes and GoldieTech, that manage home-hosted nodes on behalf of others using their hardware. With nearly 13,500 nodes, Flux represents the largest decentralized network globally. In collaboration with partners Lumen Technologies and OVHcloud, Flux aims to bridge the divide between traditional infrastructure and Web3. This collaboration will enable Flux to offer a genuinely unparalleled Web3 experience, supported by infrastructure that ranges from edge computing devices like Nvidia Jetsons in residential settings to enterprise-level solutions by Lumen, which leverage adaptive networking and integrated security measures. The Titan program empowers anyone to contribute to the deployment of enterprise-level infrastructure for the Flux network. It provides a straightforward method for supporting Web3 participation, without necessitating any technical expertise. For more detailed information, refer to Flux's data on [Eulerpool](https://www.eulerpool.com).

Flux offers three tiers of nodes: 1. Cumulus: Requires 1,000 $FLUX 2. Nimbus: Requires 12,500 $FLUX 3. Stratus: Requires 40,000 $FLUX The collateral for these nodes is not locked and remains the property of the users. Flux node operators can terminate their nodes and sell the collateral at their discretion. Current rewards for operating a node are available on the FLUX dashboard at www.home.runonflux.com. Furthermore, Flux provides Titan on-chain staking. Titan nodes are robust Stratus tier Flux nodes managed by seasoned Flux node operators and utilize Lumen Technologies infrastructure to deliver compelling and powerful hosting solutions for Enterprise clients. To ensure decentralization, community providers have also contributed by setting up servers for Titan. To participate, you need a minimum Titan collateral of 50 Flux in the official Zelcore wallet. Through Zelcore, you can lock your Flux in a 3, 6, or 12-month stake and engage in a shared Titan node on the FluxOS marketplace. After this period, your collateral, along with any staking rewards, will be unlocked. You also have the option to automatically renew your stake, enabling Titan nodes to auto-compound your original stake and rewards. Begin your journey at: https://titan.runonflux.io/. If you are interested in running a Flux node, additional information can be found at https://runonflux.com/nodes.

Flux was co-founded by three individuals. Daniel Keller from the USA serves as a Co-Founder and Chief Strategy Officer of Flux. With over 25 years of extensive experience in technology infrastructure, operations, and large-scale project leadership, he excels in facilitating effective communication across all organizational levels. Tadeas Kmenta, the second Co-Founder, has been integral to the project's development since its inception and currently holds the position of Chief Innovations Officer, specializing in new and emerging technologies on Flux and FluxOS. The third Co-Founder is Parker Honeyman, who is the Chief Operations Officer and an engineer. He contributes technical expertise and established development processes to the project. For more detailed information, you can refer to Eulerpool.

FLUX is accessible on various cryptocurrency exchanges, subject to regional availability. For the most recent list of exchanges and trading pairs for FLUX, please refer to our Flux market pairs tab. Flux is listed on several leading exchanges, including Binance, BinanceUS, Crypto.com, Gate.io, KuCoin, among others. To view the FLUX price in the fiat currency of your choice, you can utilize Eulerpool’s converter feature directly on the Flux price page. Alternatively, you may use the dedicated exchange rate converter page. Common Flux price pairs include: FLUX/USD and FLUX/EUR.

FluxCloud currently hosts over 20,000 decentralized applications (DApps), with more decentralized projects continually being added. This growth is driven by the establishment of active partnerships with other blockchain projects, businesses, and application developers. Flux is, and will always remain, an independent, community-driven, and open-source project.

NVIDIA Inception Program, OVHcloud, LUMEN, Suse, Seeed Studio, Ubuntu, Contabo, Hiveon, FIO, eckoDAO, Swapzone, Simple Hold, GSR, Kadena, CoinMetro, Presearch, GetBlock, Rosetta, MyMonero, js13kGames, CoinRequest, Timpi, Scalia, 3DNS, Kiterocket Marketing Agency, CLS Global, RKE2 https://runonflux.com/partners Flux is also collaborating with the University of Applied Sciences in Geneva, Switzerland, on the development of PoUW use cases. A significant achievement that has contributed to the increasing number of projects utilizing Flux's infrastructure for deploying their DApps, nodes, or even part of their infrastructures is FluxLabs. FluxLabs serves as an incubation and acceleration initiative for blockchain and technology-based projects, with a particular focus on early-stage startups within the emerging blockchain and cryptocurrency sectors. Learn more about FluxLabs: https://runonflux.com/fluxLabs