Buy Flux
What is Flux?
Flux is a blockchain ecosystem designed to provide decentralized infrastructure for building Web 3.0 applications. It operates with its own Linux-based operating system called FluxOS and uses a native cryptocurrency, FLUX, which facilitates transactions, rewards for masternode operators, and staking within the network. The Flux ecosystem aims to support decentralized, cross-platform development environments.
How does Flux work?
Flux operates on a proprietary blockchain that was initially forked from ZCash. It has since evolved to incorporate unique features like a hybrid consensus mechanism, primarily based on Proof-of-Work (PoW) but also involving elements of Proof of Stake (PoS) and Proof of Useful Work (PoUW). These consensus mechanisms ensure the network's security and integrity. The ecosystem supports smart contracts and parallel assets, enhancing interoperability with other blockchains. Decentralised computing solutions are provided through a network of enterprise-grade server hardware hosting Flux nodes, facilitating Blockchain-as-a-Service (BaaS).
What are the potential use cases for Flux?
Flux can be used in a variety of applications:
- Developing and deploying scalable, cross-platform blockchain applications.
- Purchasing resources within the Flux ecosystem.
- Collateralizing nodes and fueling transactions on FluxOS.
- Rewarding miners and node operators, with options for staking and governance.
- Participating in decentralized finance (DeFi) applications.
- Hosting gaming server environments and supporting research processes requiring intensive computational power.
Its real-world applications extend to finance with projects like Yearn Finance (YFI) and Aave (AAVE), gaming, and industries like AI. Flux's partnerships with blockchains such as Kadena, TRON, and Ethereum further enhance its utility.
What is the history of Flux?
Flux was founded in 2018 as a fork of the ZCash blockchain, initially focusing on improving decentralized exchanges. By 2020, it transitioned to its own independent blockchain and developed an ecosystem of decentralized apps. Significant milestones in 2021 included rebranding from Zelcash to Flux, the introduction of FluxNodes, and expanding interoperability with parallel assets. Over time, Flux has evolved from a simple ZCash fork to a robust decentralized network supporting Web3 applications, gaining attention from developers and the broader blockchain community.
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Frequently Asked Questions (FAQs)
What is the current price of Flux (FLUX)?
The Flux price is $0.98310799 AUD, representing a +6.5% from the day prior.
Where is the best place to buy Flux (FLUX) in Australia?
The best place to buy Flux (FLUX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Flux (FLUX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Flux (FLUX)?
The trading volume of Flux (FLUX) is $14.3M AUD in the last 24hrs, representing a +6.5% from the day prior.
How can I buy Flux (FLUX)?
Flux (FLUX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Flux (FLUX)?
The current market cap of Flux (FLUX) is $364.9M AUD.
Can I convert Flux (FLUX) to cash?
Yes - With Coinstash you can convert your Flux (FLUX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Flux (FLUX) are there?
The current circulating supply of Flux (FLUX) is 377.8M.
Is Coinstash a safe place to buy Flux (FLUX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Flux (FLUX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.