Copied
  • Flow FLOW
  • ( -5.16 % )
  • Rank #81
  • Coins

₹54.02

₹54.02

Contracts : Ethereum : 0x5c1...1983B2b   

  • Rank #81
  • Coins

Market Cap

₹82.03 B 0.3750%

Circulating Supply

1520310000

Max Supply

--

Volume

₹1.87 B

All Time High :

₹3108.24

All Time Low :

₹32.5

Price change in 24H :

₹0.140648

24H High :

₹55.01

24H Low :

₹52.96


   Flow ( FLOW ) Price Live Chart


Define Flow (FLOW).

Flow is a recent entrant in the cryptocurrency realm, gaining significant attention soon after its token launch with a market capitalization reaching $1 billion within weeks. It stands out as a swift and adaptable blockchain, originating from the developers behind CryptoKitties, a well-received Ethereum-based blockchain game.

If you're intrigued by Flow (FLOW) but uncertain about its specifics or where to start, fret not. This guide aims to provide a comprehensive understanding of the project, preparing you to engage in one of the most accessible trading experiences currently accessible in the market.

What is Flow (FLOW)?

Flow represents a decentralized ecosystem and platform built on blockchain technology, offering solutions for scaling interactive experiences, decentralized applications (dApps), and games based on blockchain. The primary focus of the Flow network is to establish a scalable infrastructure and framework facilitating swift transactions devoid of congestion. 

This aims to foster an environment conducive to non-fungible tokens (NFTs), dApps, and gaming experiences. Notably, NFTs, which are unique and possess distinct values, are regarded as collectibles, allowing for their creation and trade, alongside other cryptocurrencies.

Within the Flow network, one of its prominent projects is NBA Top Shot. Given the burgeoning NFT market, Flow stands to gain increased popularity. Offering adaptable smart contracts for bug fixes, achieving rapid finality in transactions, and providing a user-friendly environment for dApp creation and NFT generation through Cadence (its easily understandable programming language), Flow distinguishes itself.

Flow effectively tackles scalability issues that have been observed on the Ethereum platform, forgoing sharding in favor of the efficient Proof of Stake protocol. This approach empowers Flow to streamline operations and mitigate network congestion for dApps and blockchain games like CryptoKitties.

Who are the founders of Flow?

(Flow's Origin Story)

The brainchild behind the Flow project is Dapper Labs, the very team credited with crafting the immensely popular decentralized applications (dApps) and blockchain games on Ethereum, notably CryptoKitties. CryptoKitties gained substantial traction and maintains a dedicated following among blockchain enthusiasts and aficionados of blockchain-driven collectibles.

As the user base expanded, Ethereum encountered scalability challenges, impacting CryptoKitties' functionality. Consequently, the Dapper Labs team resolved to devise a scalable blockchain platform tailored to provide a robust environment for dApps and games akin to CryptoKitties. This birthed Flow.

Debuting in 2020, Flow emerged as a Proof of Stake protocol empowering developers to generate, utilize, and exchange Non-Fungible Tokens (NFTs), along with crafting dApps and blockchain-powered games on the platform. The founder of Flow, also serving as Dapper Labs' Chief Technology Officer (CTO), is Dieter Shirley.

How Does Flow's Operation Function?

Flow operates through the Proof of Stake protocol, prioritizing scalability without relying on sharding, a conventional method for enhancing speed and network capacity. 

The system distributes tasks among supporting nodes, assigning varied responsibilities based on their technical capabilities. Enhanced blockchain throughput is attained by segregating non-deterministic processes (such as grouping transactions into blocks) from deterministic ones (like executing those blocks).

To streamline operations and curtail redundant work, Flow employs a multi-role, multi-node framework. This approach divides the validation process into four roles, allocating distinct responsibilities to various node types for efficient and cost-effective network scaling. 

Nodes collaborate by dividing tasks and engaging in validating every transaction across the network. The network comprises Collection Nodes, Consensus Nodes, Execution Nodes, and Verification Nodes to optimize efficiency.

What Sets Flow Apart?

Flow stands out as a distinctive project offering a highly expandable environment tailored for developers keen on creating and utilizing NFTs, which have gained immense popularity recently. Its architecture empowers developers to construct applications and cryptocurrency games on the platform without encountering issues like congestion.

Flow strategically disperses network data and tasks among different nodes, each with its designated roles, facilitating scalability and creating an efficient ecosystem for blockchain developers. For investors who see promise in NFTs and blockchain applications, Flow presents a unique opportunity. Leveraging its efficient architecture, Flow ensures swift transaction finality and on-chain operations.

To read more on Flow, visit Suncrypto Prize Explorer.


Trade Now

Flow news

no data available