In the 1990s the internet was referred to as Web 1.0. Everything on the internet was pretty disorganized and overwhelming. However, with Web 2.0, everything changed and platforms like Facebook, Google, and Amazon were able to bring some order into the internet. However, over time, these companies have amassed too much power. Web 3.0 is all about taking some of this power back. Spearheading this campaign is Flux; a blockchain project building the decentralized future of the internet. Below we take a deep dive into Flux and what it hopes to achieve.
Flux is a decentralized ecosystem that’s devoted to empowering developers and internet users to develop, deploy, and take advantage of Web 3.0. Simply take advantage of Flux’s ecosystem to develop, manage, and spawn your apps on multiple servers simultaneously. Flux is unique in that it remains fully decentralized and free from any centralized ties. It is independent, open-source, and community-driven without any venture capital investors, politicians, or corporate board of directors.
From the start, Flux focused on three things; the people, the spirit, and the technology. It focused on the people as it is hugely a community-driven project. The majority of the people on Flux contribute in their spare time or even pay expenses out of their pockets to further the project. The spirit of Flux is decentralization, which aims to challenge powerful centralized entities that are hard at work to centralize the internet. Lastly, the technology of Flux runs on top of Linux by utilizing blockchain to ensure both enterprise-level computational power and transparency.
At the moment, Flux is up and running with new features and developments being added on a daily basis. Some of the key features of Flux crypto include:
Decentralization. The network is highly decentralized making it resilient to both outside censorship and system failure.
Interoperable. The network is fully compatible with any blockchain and any dApps. Any application that can run on the blockchain can run on Flux.
Redundant. All apps across the Flux ecosystem are redundantly spread across the network with automatic failover to a new node if any node network becomes unavailable.
API-Backed. Application deployment and management on Flux is UI or API backed, enabling seamless integration with custom services.
Flux crypto is the native PoW coin that powers up the Flux ecosystem. It’s utilized for buying resources, fueling transactions, and collateralizing nodes. It’s also what miners get as a reward for validating transactions and node operators for providing computational resources. It has a finite maximum supply. According to the Flux roadmap, the goal is to make Flux coin available on Ethereum, Tron, Binance Smart Chain, and Kadena. The end goal is making Flux coin a digital asset that can traverse the entire crypto space.
The Flux ecosystem consists of FluOS (a Linux-based OS), $FLUX (minable POW cryptocurrency), FluxNodes (a decentralized computational network), and Zelcore (a blockchain app suite and self-custody wallet). $FLUX powers the Flux ecosystem, FluxOS provides a verified, enterprise-grade computational power, while FluxNodes supply dedicated computing power. Currently, the Flux network boasts SSD storage over 200TB, 10 TB of RAM, and CPU power of 3500 vCores. It utilizes all this power to run dApps with FlexNodes choosing which dApp they wish to run.
Zelcore is Flux’s multi-asset cryptocurrency wallet and platform. It has support for over 275 assets. The free version of the wallet has several in-built features such as built-in swap exchanges, WalletConnect, ETH token importing, decentralized 2 Factor Authentication, and CoinRequest. Any other features can be unlocked by subscribing to the premium version of Zelcore known as Zelcore+.
The xDAO (Decentralized Autonomous Organization), enables anyone to submit a proposal that costs about 200 Flux as fees. The fee is deposited into the Flux foundation. Once a proposal is submitted, a 7-day voting period begins were everyone is able to see it as an active proposal on the xDAO interface, along with its voting stats. You can only vote once and your vote cannot be split between ‘Yes’ or ‘No’. Once your vote is cast, it cannot be changed. Voting attracts no fees.
The Flux network has been in development for the last three years. During that time, the team behind Flux has been committed towards a common goal; building the next generation of decentralized computing power. Flux closed off the year 2021 with a few achievements such as being listed on several exchanges and creating a number of great dApps. The apps were part of their “30-in-30 initiative” that involved deploying 30 dApps in 30 days in December.
If you are looking for a good Flux crypto exchange platform, we recommend that you try Swapzone. Swapzone doesn’t require any account registration, neither does it charge any hidden fees. Therefore, you can skip all the hassles of jumping through hoops and getting straight to the point. Using Swapzone is very simple, even for beginners. Here’s how you can buy Flux on Swapzone:
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.