Flow is a smart contract platform ( Smart Contract ), developed based on a new architecture that allows for faster, cheaper, and more developer-friendly transaction processing. Flow is built by Dapper Labs, the development team of CryptoKitties – a virtual pet game on Blockchain.
From the beginning, Flow focused on Dapps Games (Decentralized Games), Collectibles (collectibles), and the applications that interact with them.
The main highlight of Flow is Flow’s multi-tier architecture:
In most Blockchains, the Nodes in the validator (Validation) store all information (account balances, Smart Contract Code, …) and perform all the work related to transaction processing on the blockchain. Chain. This is similar to a worker building an entire car.
However, with Flow it is different, they separate the other tasks into 4 roles:
In there:
In this way, validator nodes are still involved in validating every transaction, but they only do one of the validation phases.
Thus, these Nodes can specialize and greatly increase the efficiency of transaction validation. This allows Flow to process transactions many times faster and with lower costs.
In addition, the Flow ecosystem is currently being considered a fertile land for NFT projects with a lot of potential for development, you can learn more about side projects and investment opportunities with Flow ecosystem right through the article below!
Flow uses a proof of stake consensus mechanism that requires validators to stake a certain number of FLOW tokens to participate in the network.
However, the way that validation works is unique amongst blockchains, as Flow splits validation tasks into four separate types of nodes: consensus, verification, execution, and collection. All four node types participate in the validation of each transaction.
Dapper says that splitting up the tasks makes processing transactions more efficient than on rival blockchains. It’s an alternative option to sharding or spreading out the storage and computational needs of a blockchain across numerous nodes. Flow does not use sharding, and by doing so, Dapper says that Flow keeps transactions atomic, consistent, isolated, and durable (ACID), and allows developers to build on each others’ work.
Flow also features upgradeable smart contracts, allowing smart contracts to be deployed in beta and then enhanced or fixed before being finalized and made immutable.
Updating.
FLOW will conduct 2 rounds of selling on Coin list : Community Distribution Sale and Dutch Auction.
Community Distribution Sale:
The FLOW coin unlocking schedule will be as follows:
FLOW coin is a native token in the Flow ecosystem and is used for the following purposes:
Core Team members have worked on previous Gaming related projects such as CryptoKitties, Dapper Wallet, and NBA TopShot.
You can learn more about Flow’s Team here .
Flow (FLOW) is a high-performance blockchain specifically for creating NFTs, massive crypto games, and apps. Unlike general-purpose blockchains such as Ethereum, Flow is built to efficiently scale for potentially billions of people interacting with NFTs like in-game items.
Find more information about: Flow Blockchain
Website: https://www.onflow.org/
Twitter: https://twitter.com/flow_blockchain
Telegram: https://t.me/flow_blockchain
If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
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