Spectrum Finance x FLUX partnership

We recently started working with the FLUX ecosystem and added their token to the default list on Spectrum Finance. And today we want to tell you more about this project.

What is FLUX?

Ergo and Flux recently developed a bridge which brings the potential for cross-chain interaction with Ergo. And remarkably, this is the first bridge on the Ergo blockchain.

Flux is a UTXO based blockchain that powers all of the Flux ecosystem. Its consensus is POW, with its own modified Equihash 125_4 algorithm to make it ASIC resistant.

Flux is a fair launched project without any Venture Capital, Private sale or ICO/IDO allocations. It is 94.7% community owned. In addition to its POW consensus, there are so-called FluxNodes, which are highly computational masternodes powering the Web3 Cloud of Flux.

The total block reward is equally shared in half between the POW Miners and FluxNodes. The native currency FLUX has a number of uses including purchasing resources, collateralizing nodes and fuelling transactions on FluxOS, as well as rewarding both miners and FluxNode operators for providing computational resources.

The Flux ecosystem is devoted to empowering everyone to develop, deploy and use the decentralized Internet of the future: Web3 Currently Flux has a computational network consisting of around 13,500 decentralized nodes, distributed globally with more than 102,300 CPU cores, 280 terabytes of RAM and 6,2 petabytes of storage. That makes Flux the largest decentralized network in the world.

Besides its native coin, Flux is also available on many other blockchains (including Ergo) via its parallel assets that provide interoperability and DeFi access.

Spectrum Finance is very pleased to partner with a project that shares the same DeFi vision. We hope that this will benefit everyone!