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Blockchain technology boasts many great features, such as cryptographic security and decentralized control. However, the standard blockchain model also suffers from some drawbacks, including limited scalability and poor cross-chain compatibility. Flux is an innovative blockchain-as-a-service (BaaS) platform designed to address these limitations with its ability to connect up to 11 major blockchains.
Key Takeaways:
Flux provides a scalable, blockchain-based cloud service for cross-platform decentralized applications. It connects to 11 major blockchains, rewarding node operators with FLUX tokens for supplying computing resources.
Flux uses a Proof of Useful Work (PoUW) consensus mechanism to optimize mining and solve real-world problems, such as AI deepfake detection.
Its native token is FLUX, which is used to reward node operators for supplying computing resources, and for mining and staking. FLUX can be bought on Bybit as a USDT Perpetual contract.