Deepika- Flux token is on stability and is bound to rise
- The flux ecosystem would play a significant role in Web3
- Flux would bridge a gap between Web2 and Web3
Flux was launched in 2018 as a fork of ZCash (ZEC), a Bitcoin fork. Mainly it is a Web3 cloud infrastructure that is decentralized globally. It also has a cryptocurrency that empowers the flux ecosystem. It had no ICO when it started.
Rather it is a community-driven thing, meaning people can mine or earn by operating FluxNodes. Flux is a reliable blockchain and will play a significant role in Web3. It has a foundation for multiple projects ahead when there is a generation of Apps.
Flux’s Current Schematics
Flux’s crypto aspect could be stable as of now. Mainly it operates on 13,154 nodes with a total ram of 272.25TB along with 101,794 cores and is present in 78 countries, the top countries being Finland, Germany, and USA.
In 2018 when it launched, its price was $0.029, and it reached its peak price of $3.122 in March 2022, a staggering hike of almost 1430%. Currently, its price after crypto winter is $0.514 in June 2023.
Though there is a drop from 2022 in its current price, it is still 154% up from its launch price. It has a maximum supply of 440 Million tokens, and currently, in the market, the collection of these tokens is 297 Million.
It even has a market cap of $152.88 Million. Even though there is not much market cap, it is mainly used for purchasing resources, collateralizing nodes, and fueling transactions on FluxOS.
Web3 And Flux
There has been rapid growth in web3, interlinking with blockchain. Flux Ecosystem is a Decentralized cloud that would innovate processes that occur in the infrastructure of web3.
It even has its Linux-based operating system known as FluxOS, which would be a base for its development in decentralization. One of the most important cons of Flux is its capability of scaling and affordability, which is an important factor from the consumer’s point of view.
It will improve the efficiency of Proof of Useful Work for blockchain validation and consensus mechanisms. It will also act as a bridge between Web2 and Web3 development, as it is active on both networks. It would be a game changer for developers and innovators.
As being forked on a blockchain directly related to a Bitcoin, it already has one of the foundations set for decentralization in the true sense. It even has a cross-chain capability which would be beneficial in terms of transactions that occur between different blockchains.
Future Potential of Flux Ecosystem
Flux Ecosystem comes with the promise of being a bridge between Web2 and Web3. Being on multiple nodes worldwide, it can access Web2 while implementing Web3.
Flux has its token for trading, too, which has growth potential, and it is still up in price since its launch, which shows people believe in this ecosystem and its token, which should guarantee its rise for a better future.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in cryptocurrencies and NFTs comes with a risk of financial loss.
