Sep 15, 2022

DAAM Agency to Build #OnFlow

April 2021 - DAAM Agency has chosen to build on the Flow Blockchain, admitted to the Flow Alpha Developer Program.

DAAM Agency to Build #OnFlow

DAAM Agency To Build on Flow by Dapper Labs

After careful consideration and market research, DAAM Agency has chosen to build on the Flow Blockchain, and has been admitted to the Flow Alpha Developer Program!

Why Flow?

Dapper Labs developed Flow from the ground up in order to support a new generation of W3 DApps and digital assets (NFTs) without compromising decentralization. Not surprisingly, it has quickly become popular with developers. Here are the main reasons why DAAM chose the Flow blockchain over other blockchains:

  1. Flow’s multi-role, multi-node architecture creates a division of labor that ensures efficiency and eliminates redundant processing efforts.
  2. Developer ergonomics: Flow’s network features upgradeable smart contracts, built-in logging support for tracking of smart contract behaviour, Flow Emulator, and overall features that enhance developers’ productivity.
  3. Cadence: Flow’s resource-oriented, user-friendly and safe programming language has been specially designed for crypto assets and DApps. Beginning developers can quickly get started on NFT projects using Cadence, compared to Solidity or other programming languages.
  4. The success of NBA Top Shot and CryptoKitties validates the concept that Flow was optimized for the kind of scale, utility and consumer experience DAAM is seeking to provide to its' Clients.

What Issues Does Flow Address?

Solutions to Limited Scalability

  • The main issue with the Ethereum blockchain is its limited scalability. Ethereum can only handle 13–15 transactions per second, making it inadequate for large-scale usage.
  • This inefficiency was what led the developers of CryptoKitties to create the Flow blockchain. When the game’s popularity peaked, Ethereum could no longer handle the increased numbers of transactions. Therefore, Flow was developed mainly to solve the problem of scalability. Its prototype achieved a throughput of 1,000 transactions per second (TPS), and their next target is 10,000 TPS capability.

Reducing Costs

  • 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. On some days, the average gas fee per transaction could be as high as $20. Flow charges two fees per transaction, the first starting at 0.001 FLOW (~$0.03) to create an account, and the transaction fee, starting at 0.000001 FLOW.
  • Flow blockchain’s PoS mechanism requires validators to stake FLOW tokens in order to be a part of the network. However, Flow block validation works differently from that of other blockchains.
  • Flow divides its network into subdivisions to allow the total work to be shared across nodes, with each node only validating a portion of the transactions. Nodes are specialized for certain transactions. This is in contrast to the typical scaling solution known as sharding, which can result in its own scalability issues, leading to downtime.
  • By splitting up the validation of tasks across nodes, Flow’s blockchain aims to increase the speed and efficiency of transactions.
The Flow Ecosystem

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