Flow is a layer 1 blockchain built for decentralized apps, games, digital assets, and more. Built by Dapper Labs, the company behind Cryptokitties.
In 2017, Ethereum was congested because of the huge amount of transactions created by Cryptokitties. This showed them that there is a big potential for NFT to go mainstream and also a sign of the scaling problem of Ethereum. This is why they built Flow.
Flow is a multi-role architecture blockchain. There are four different roles of validators. Each of them works separately to maximize the speed and throughput while retaining decentralization. Moreover, there is no sharding so the transactions are always ACID.
Collector Nodes increase efficiency
Execution Nodes enable speed and scale
Verifier Nodes guarantee correctness
Consensus Nodes ensure decentralization
Flow uses Cadence as a smart contract programming language. It is a resource-oriented paradigm. A resource (not object!) can only exist in one place at a time, preventing duplication and accidental deletion. I found this language secure and very easy to learn.
I feel very confident when I approve a Flow transaction. The script is readable by default (not encoded!) and easy to read. This helps to protect the users from malicious apps.
FLOW is the native currency for Flow network. It can be used for transaction fees, computation fees, payments, governance, staking, collateral for DeFi, and more.
Itβs been a tough year for Flow and other tokens with the current global market condition. Despite the loss in this bear market, Flow still has the largest Market Cap in NFT sector. The token from ICO investors($0.1) is also fully vested since 16 Oct 22. Therefore, most of the tokens are now circulating and the price could be more stable from now.
They have partnered with many official associations and big brands.
NBA Top Shot β an NFT marketplace where fans can buy, sell, and trade officially-licensed NBA moments. Itβs the flagship product with HUGE success.
$1.2B+ in total sales | 22M+ transactions
NFL ALL DAY β where you can collect and trade the NFL's best highlights as officially licensed digital video collectibles.
$100M+ in total sales | 2.2M+ transactions
UFC Stike β Official Video NFT Partner of UFC. Collect the most iconic video highlights from the biggest fighters from UFC.
$12M+ in total sales | 500K+ transactions
Fancraze β the metaverse for cricket. A gamified platform where you can collect officially-licensed ICC digital moments and player cards.
Laliga Golazos β collect the biggest moments from Laliga and complete challenges. Coming soon βοΈ.
Sources
https://www.onflow.org/
https://www.dapperlabs.com/
https://cryptoslam.io/