Flux crypto market cap8/25/2023 This effectively doubles the mining output of Flux!įor each node related to a blockchain, there are parallel rewards. Miners will receive parallel assets in a 1:10 ratio for each of the 10 parallel assets, even those that have not yet been launched. Parallel mining is also unique to Flux and rewards GPU miners not only with native Flux but also with parallel assets. Parallel assets are distributed through parallel mining and as rewards for Flux node operators. You only need to hold Flux in the official ZelCore crypto wallet to start using parallel assets. Parallel assets can be returned to native Flux or exchanged for another Flux token via the Fusion app. There are 10 parallel assets with 10 blockchains which can be interchangeable with the main Flux blockchain.įlux can travel to other blockchains and allow miners to access its benefits and decentralized exchanges. No problem, our mining pool pays transaction fees ! When you mine Flux on Cruxpool, it is us to convert your mined Flux into claims.įlux has parallel tokens on 10 different blockchains: Kadena, Ethereum, Binance, Solana, Tron, Cosmos, Avalanche, Ergo and more to come. It respects all the rules of this blockchain like transaction fees. It can participate in exchanges and any other actions. It is like holding two passports from two different countries!įor example, a Flux-ETH token lives on the Ethereum blockchain and is no different than any other Ethereum token. Instead of all block rewards being dedicated to miners, the reward system is 50% between nodes and 50% between miners. The supply is capped at 440 million and the block rewards are halved every 2.5 years, as we can see:įlux provides the ability to interact with other blockchains through Flux parallel assets.Ī parallel asset is a token in the Flux ecosystem, but residing on another blockchain. This means that the mining algorithm does not give any advantage to the use of ASICs for mining.įlux differs from other cryptocurrencies because the block rewards are distributed differently. This cryptocurrency uses the ZelHash algorithm, a modification of the Equihash algorithm that seeks to be ASIC resistant. Like all the cryptocurrencies that can be mined by GPU, Flux uses a Proof of Work consensus mechanism. Today, the cryptocurrency has more than 11,571 nodes, over 5 TB of SSD, approximately 236 TB of RAM and approximately 79,000 Vcores. Flux aims to provide decentralized cloud services by encouraging Flux holders to set up servers around the world. This blockchain ensures interoperability with other blockchains and access to decentralized finance (DeFi).Īs you may have guessed, projects do not have to be directly on the Flux blockchain to use FluxOS. It relies on a whole ecosystem that consists of a decentralized infrastructure of FluxNodes, a cloud service that is FluxOS, the crypto wallet ZelCore, and the Flux blockchain. Born from the fork of the anonymous cryptocurrency ZCash, Flux (formerly ZELCash) was created in 2018.įlux is a cryptocurrency that can be mined using a GPU.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |