The whitepaper mentions that Zel was rebranded as Flux on March 27, 2021. Flux aims to be the next generation of decentralized cloud architecture that is scalable. The Flux ecosystem collects decentralized computing and blockchain as service solutions.

FluxNodes' decentralized infrastructure, FluxOS cloud operating system, Zelcore self-custody multi-asset wallet, and blockchain app suite are all the components of the Flux ecosystem. In addition, the Flux blockchain, which is used for on-chain governance, economics, and parallel assets, offers interoperability with other blockchains and access to DeFi.

Flux's ecosystem is powered by a native POW (proof of work) token, which aims to provide incentives for hardware hosts, on-chain governance, and “lousy actor mitigation” through staking.

According to the whitepaper, despite a large amount of Bitcoin cryptocurrency and Dash/master node projects littering the environment without offering new features or ideas, there are still a large number of projects attempting to tackle a limited number of blockchain problems. While competition amongst various projects to tackle the same problem is always beneficial, this can slow down the introduction of new developing technology to the public. Answers to these questions and a common strategy for integrating blockchain technology and preparing a consumable set of tools for present and future developers are required.

Flux created these development tools to help accelerate the adoption of new blockchain solutions through real-world use cases and the underlying technology needed to build these products and platforms.

The native token of the infrastructure is FLUX. The FLUX token is utilized for exchanging resources, collateralizing nodes, and powering transactions on FluxOS. FLUX aims to reward miners and FluxNode operators for verifying transactions and supplying computing resources.

Flux was initially started as Zelcash or Zel. However, in some places like coding, literature, and publications, Zel is still used. Tadeáš Kmenta, Daniel Keller, and Parker Honeyman are the cofounders of Flux. The whitepaper of Flux was published on April 13, 2021.

Lastly, the coin has a total supply of 4,840,000,000 FLUX.

We update our Flux to GBP currency in real-time. Get the live price of Flux on Coinbase.

The current market cap of Flux is £22.438M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Flux is £2.22. This all-time high is highest price paid for Flux since it was launched.

Over the last 24 hours, the trading volume of Flux is £3.551K.

Assets that have a similar market cap to Flux include Liquity USD, Audius, dKargo, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Flux is 440 million.