- Category: NFT
- Coin Launched: October, 2020
- Resources: White Paper
- Official Website: Flow
- Reddit: Flow
Flow is a fast, decentralized, and developer-friendly block chain, designed as the foundation for a new generation of games, apps, and the digital assets that power them.
Flow is the only layer-one block chain originally created by a team that has consistently delivered great consumer block chain experiences: CryptoKitties, Dapper Wallet, NBA Top Shot.
FLOW History / Information / Buying / Staking
Dapper Labs was founded in 2018 and is based in Vancouver, BC. As of Fall 2019, the team at Dapper Labs has been building the production version of the Flow network. This includes complete implementations of protocol logic for each of the various node types, integration of the Hot Stuff consensus algorithm, and implementation of the various crypto libraries and signatures the protocol requires.
HOW FLOW WORKS
Flow is a blockchain that is designed for extensive scaling without the use of sharding techniques, providing fast and low-cost transactions that make sense for dapps such as NFT marketplaces and crypto-infused video games. As mentioned, Flow hails from Dapper Labs, which decided to solve its blockchain congestion problem head-on by building one primed for games and other interactive experiences.
BENEFITS OF USING FLOW
Some of the benefits of using Flow are:
RESOURCE ORIENTED PROGRAMMING
Smart contracts on Flow are written in Cadence, an easier and safer programming language for crypto assets and apps.
Flow was designed for mainstream consumers, with payment onramps catalyzing a safe and low-friction path from fiat to crypto
Flow developers also seek to reduce the cost of transacting on the Ethereum network. Ethereum users pay gas fees for network transactions. The size of these fees depends on the complexity of the smart contract executed and the network availability.
CAN YOU STAKE FLOW
Since Flow operates with a Proof-of-Stake consensus mechanism, users holding FLOW tokens can earn staking rewards in exchange for using their holdings to secure the blockchain.
- COINS SIMILAR TO FLOW