Flux (RunOnFlux), a decentralized Web 3.0 computational network, provides critical, high-availability infrastructure for the new internet. Any dockerized application can run on its fully decentralized computational network, offering an alternative to traditional cloud service providers at competitive prices.
As the cryptocurrency powering the Flux ecosystem, it’s used for purchasing resources, collateralizing nodes, and fueling transactions on FluxOS. Flux rewards miners for validating transactions and FluxNode operators for providing computational resources.
Flux Cloud allows you to host your web applications anywhere in the world at fraction of a cost compared to traditional web server hosting. It’s censorship resistant, high performance and scalable. For example; you can host Minecraft Server, WordPress blog or even run Shadowsocks v2ray proxy at low cost. At TechKhoji, we are so impressed by the solid foundations of Flux Network that we even included in our Top 5 Mineable Cryptocurrencies List.
In this article, we will explore the key components of Flux, including its technology, development language, miners used, future applications, and developmental team.
We will also provide a price-performance forecast for Flux in 2023-2024.
|Flul name||Flux (formerly known as ZEL, RunOnFlux)|
|Symbol / Ticker||FLUX|
|Price||$0.60 (as of 12 March, 2023)|
|Halving||Every 2.5 Years, Last Halving on 8th Feb, 2023|
|Reward Distribution||50% goes to miners, 50% to Node Operators|
|Exchange Listings||Binance, KuCoin, Crypto.com, Gate.io, Coinbase (pending)|
|All Time High||$4.17|
|Circulating Supply||293,178,555 FLUX|
Hashrate & Miners Used
Flux is a proof-of-work blockchain that utilizes the FluxPoUW (ZelHash) algorithm is utilized for mining Flux, which is obtained through GPU mining. ZelHash is a specialized implementation of Equihash 125,4 that has been designed to resist ASIC/FPGA exploitation. The algorithm was created by Wilke Trei, the developer behind lolMiner.
The total computing power of all Flux miners is measured by its hashrate, currently at around 4.3743 MH/s (as of March 2023). Flux’s hashrate is relatively small due to low market capitalization and limited availability of mining hardware. Flux mining remains accessible to individual miners who can contribute computing power to the network and earn rewards.
Compatible GPU Mining Software For Flux:
- lolMiner (> v0.8.2) (AMD)
- GMiner (> v1.46) (NVIDIA)
- miniZ (> v1.4o) (NVIDIA)
Before you get started with mining, visit Fluxpools for generating Miner configuration file and guidelines for mining preparation.
Best Wallets For Flux:
It is currently available on multiple blockchains, so if you are withdrawing FLUX from any centralized exchange, make sure your wallet supports the corresponding network.
- Zelcore (official, recommended, mainnet supported)
- MetaMask (ERC20)
- Ledger (coming soon)
- eckoWallet (formerly known as X-Wallet, only supports, FLUX on Kadena network)
- Trustwallet (BEP-20)
Blockchain Technology and Mechanics
Flux is a cryptocurrency that has gained popularity for its innovative approach to blockchain technology and development.
Here are some of the key highlights:
- Based on FluxOS, in house developed operating system which acts as a Flux Blockchain core as well as manages the nodes, uptime, benchmarking and price adjustments.
- Developers can run any Dockerized application on FluxOS decentralized network without any additional work
- Built using Mongo, Express, Vue, and Node (MEVN Stack), FluxOS is a highly-accessible playground for developers that is completely open-source.
- Zelcore Multicurrency Wallet that allows you to control your Flux Nodes, manage your mining/staking rewards, built-in exchange. Supported on multiple platforms, Android, iOS, Linux, Windows and MacOS.
- Parallel Mining is supported, you can earn mining rewards of different cryptos alongside FLUX, if you join a mining pool that supports it.
- The dApps themselves act as smart contracts, resulting in unlimited scalability.
Developers can use any programming language to write dApps for the Flux network.
The Flux network is capable of integrating with any blockchain.
Plethora of Decentralized Apps
Flux is a computational network that powers decentralized applications on the blockchain, eliminating the possibility of a single point of failure. The network hosts more than 60 applications across various categories like social media, gaming, and decentralized finance (DeFi).
Some of the most popular DApps that are already available on Flux Network (RunOnFlux):
- WordPress: World’s most popular blogging platform.
- Minecraft BedRock: Run Java edition of Minecraft Sandbox game.
- Portainer: Run Docker containers using Portainer Management Engine.
- Keep3r: Defi protocol connecting organizations with freelance professionals.
- Nitter: Alternative ad-free frontend for Twitter.
- Yacy: Open-source, distributed search engine that allows website surfing free of cookies and ad-tracker.
- EckoFinance / Kaddex: Defi platform built on Kadena blockchain with complete elimination of gas fees.
- Docushield: Blockchain-based encrypted file storage service.
- Presearch: Decentralized search engine with an algorithm built on blockchain technology.
- Sifchain: Omnichain solution that supports cross-chain transactions for top blockchains.
- Dropalo: Social messaging platform that prioritizes privacy.
These are just randomly picked applications from the list, more and more apps being added to the Flux ecosystem.
The developmental team of Flux crypto is a group of talented professionals who are responsible for designing, developing, and maintaining the Flux platform.
Here are some of the key highlights of Flux’s developmental team:
- Co-founders Parker Honeyman, Tadeáš Kmenta, and Daniel Keller lead Flux Crypto.
- Parker Honeyman brings technical expertise and established development processes to the blockchain, having co-founded Flux and the Zelcore Platform.
- Tadeáš Kmenta has 10+ years of experience developing decentralized blockchain technologies.
- Daniel Keller has experience in technology, healthcare, and nonprofit works and is an entrepreneur, investor, and advocate for disruptive technology, making him a valuable member of the Flux Team.
FLUX Price History
FLUX, a cryptocurrency introduced in 2018, has experienced both highs and lows in its price history. After spiking to $0.081 in October 2018, FLUX lost its gains and closed the year at $0.024.
The coin then experienced a bullish run in April 2019, reaching $0.218 in three weeks before eventually closing the year at $0.03. In 2020, FLUX traded in a sideways market before reaching an all-time low of $0.016 in November. However, in 2021, we saw a significant spike in price due to developmental breakthroughs and hype, the price reached an all-time high of $4.17 in December after news of its listing on a major exchange; Binance.
After a decline in early 2022, FLUX has recently shown a strong recovery, reaching a high of $1.40 in September and overtaking Litecoin in on-chain transactions in October. Then again in February, FLUX spiked to $1.12 due to a rally and it’s block reward halving news. Currently, FLUX is trading at around ~$0.60 and expected to follow a sideways trend.
FLUX Price Prediction
As of February 2023, several Flux price predictions have been made, but it is crucial to note that price forecasts, particularly for a potentially volatile asset like a cryptocurrency, can often turn out to be incorrect.
Expected Price of FLUX in 2023:
- Maximum: $1.30 USD
- Minimum: $0.35 USD
Expected Price of FLUX in 2024:
- Maximum: $2.90 USD
- Minimum: $0.77 USD
Disclaimer: This information is not financial advice and is sourced from publicly available data. Please conduct your own research before investing time, energy, or money. Keep in mind that cryptocurrency is highly volatile and carries risks. Additionally, price predictions for FLUX are not guaranteed as various factors can impact its value, such as market conditions, adoption rates, and regulations.