Built on Flow.
Launched by Dapper Labs in 2019, Flow is quickly becoming the go-to blockchain for businesses to build and grow their user base. With a focus on low transaction fees and a truly user-centric experience, Flow is positioning itself to help build the next generation of apps, games, and digital assets. It has also launched its own native currency, FLOW, which is leveraged by validators, users, and developers to participate in the ecosystem.
While Ethereum is working on new solutions for scalability with sharding as the preferred option, Flow blockchain offers scalability effortlessly with a multi-node architecture. The Ethereum network imposes variable and unpredictable transaction (gas) fees, and does not allow modifications in smart contracts, while our Flow contract design does the opposite - with negligible network fees, and intelligent contracts.
Flow is one of the leading blockchains for the next generation of apps, NFTs, and games. It’s designed to scale in a way that doesn’t use sharding techniques, so transactions are fast and low-cost. Flow is focused on reducing the complexity that is seen in other blockchains. If you've ever bought an NBA Top Shot pack or adopted your very own CryptoKitties, then you're already familiar with Flow, the powerful blockchain that powers some of the most popular applications in crypto, NFTs, and gaming.
Every blockchain has its own validation mechanism to process transactions and secures the network. For example, the Ethereum blockchain’s proof-of-stake allows for a decentralized and secure network. However, it has run into difficulties scaling and processing such large quantities of transactions while keeping costs down. This has led to the rise of layer 2 solutions that can handle many orders off-chain at faster speeds and lower transaction fees than the main net.
Flow, on the other hand, splits the work of processing transactions into four separate nodes that each have their own role and responsibility. Instead of relying on off-chain solutions to scale the network, Flow’s native node subdivisions give it a great advantage in blockchain scalability.
What is the Flow node architecture?
Collection nodes are the first layer of the Flow node architecture.
Their primary responsibility is to manage the transactions pool to collect well-formed transactions. Once a well-formed transaction is collected, these nodes will hash the text off and sign them. Collection nodes then propose well-formed transactions to consensus nodes, which allow the network to reach a consensus on the order and presence of transactions to be processed. As a decentralized blockchain, Flow allows anyone to participate in network consensus by running a node with even modest hardware and internet connections.
Execution nodes are responsible for computing and executing each transaction while being kept in check by verification nodes. Dishonest execution nodes can be punished by just a single honest verification node if the latter finds that the former processes any invalid transaction data. By dividing validation stages between its four nodes, Flow is able to process transactions efficiently and with low fees compared to other blockchains.
What are the benefits of the Flow blockchain?
As cryptocurrencies, virtual worlds, and NFTs continue to become more mainstream, low transaction costs and ease of use are critical for both developers and users alike. Flow was built with long-term sustainability in mind. Using a proof of stake (POS) to run, it is significantly more energy-friendly than Proof of Work (POW), roughly in line with other online services that are regularly used. Additionally, the launch of the stable coin FUSD helps further strengthen the Flow ecosystem and is incredibly promising for its long-term growth.
Both the Flow ecosystem and FLOW token continue to grow rapidly, and with more people around the world getting involved in crypto, it is well-positioned to become a key part of the mainstream adoption of cryptocurrency.
Exploring the Flow ecosystem - Flow’s most notable projects include NBA Top Shot, an NFT marketplace for NBA “moments”, and CryptoKitties, an Ethereum game in which players breed and trade virtual cats. Still unreleased are the LaLiga, NFL, and UFC Collectibles, which are similar to NBA Top Shot (NFL All Day is currently available in Closed Beta only). For a deeper dive into the Flow Ecosystem visit/subscribe to Flowverse> https://www.flowverse.co/
All are the creations of Dapper Labs, the Vancouver-based gaming company that’s pioneering developments at the intersection of crypto and play. But while these three standouts are where Flow gets most of its fame, the blockchain has a thriving consumer-focused ecosystem that’s rapidly expanding and taking on some of the most exciting and unique new projects in crypto.
Why does FLOW have value? The blockchain has seen a growing number of adopters building on Flow from such industries as digital fashion, art, music, and social media. With a launchpad that caters to mainstream audiences, Flow is one of the most promising blockchains for any business to build on.
Flow's native token FLOW is used to power our platform, and can also be held as a store of value. At the time of writing, the coin ranks #51 of all cryptocurrencies, with a market cap of over $1.8 billion after peaking at $5 billion in October 2021.
Where to buy Flow cryptocurrency > You can buy FLOW now via Blocto and MoonPay. Just use your credit card or other preferred payment method and enter the desired Flow wallet address to purchase. Flow is available to customers in all our supported countries, states, provinces, and territories.
Want to learn more about Flow and get involved with its ecosystem? The Flow Discord channel is open to everyone looking to participate in the growing community. https://discord.gg/ekU2hAkBRb