What is Flow?

FLOW is a staple in many altcoin traders’ portfolios. However, before you Trade FLOW, it is vital that you understand what you are investing in. Let's find out what's FLOW and how it functions.

Flow is a proof of stake based blockchain that is fast, decentralized, and developer-friendly, and it is designed to serve as the foundation for a new generation of games, applications, and the digital assets that fuel them. In contrast to all other layer-one blockchains, Flow was developed from the ground up by a team that has repeatedly produced successful blockchain applications for end users, like CryptoKitties, Dapper Wallet and NBA Top Shot

How is FLOW different?

Unlike any other blockchain, Flow incorporates enhancements to usability directly into the protocol layer, making it ideal for wider adoption. The world's best developers and most well-known companies are already adopting Flow, opening the door to immersive new experiences powered by the best content in the industry.

Top names in entertainment, game studios, and VC-backed businesses all contribute to Flow's thriving ecosystem. Partners in the Flow ecosystem include Warner Music, Ubisoft, the National Basketball Association, and the Ultimate Fighting Championship, as well as top game developers Animoca Brands and Sumo Digital and cryptocurrency industry heavyweights Circle and Binance.

Some of FLOW's unique features include:

Multi-role architecture: Flow's design is unique, enabling the network to expand to service billions of users without sharding or compromising decentralized consensus

Resource-oriented programming: Flow's smart contracts are written in Cadence, a simple and secure programming language for crypto assets and applications.

Developer ergonomics: from upgradable smart contracts to the Flow Emulator, this network is optimized for individuals who wish to create community-oriented products.

Onboarding new users: Flow's payment onramps make switching from traditional currency to cryptocurrency easy and secure

How many FLOW tokens are there?

The Flow network's native currency is the FLOW token (FLOW), which serves as the foundation for a new, inclusive, and transnational digital economy. If Flow represents the digital backbone, then the FLOW token is the energy that drives it. The network and all the apps built on it cannot function without FLOW. It was created to act as a medium of exchange and a store of value for the whole Flow economy. Validators, developers, and consumers utilize the token to participate in the FLOW network and earn incentives. It is also utilized for payments and to participate in future protocol governance.

As of December 2022, there is 1,036,200,000 FLOW in circulation

Network Security

Since Flow operates using the proof of stake consensus mechanism, its network is scured by a community of validators who have a stake in the blockchain.

Founders

Dapper Labs created Flow, Cryptokitties, Dapper, and NBA Top Shot. Dapper Labs is a startup from 2018 that employs blockchain technology to provide people with novel digital experiences. Applications built on the blockchain have the potential to strengthen relationships between customers and their favorite brands, provide contributors with tangible rewards for their efforts, and open up new channels of consumer-generated content.

The UFC, NBA, & NBPA, and Warner Music Group, are among Dapper Labs' publicly disclosed partners. Some of the project's prominent backers include Andreessen Horowitz, Union Square Ventures, Venrock, Google Ventures, Samsung, and the creators of Dreamworks, Reddit, Coinbase, Zynga, and AngelList.

Where can you buy FLOW?

FLOW is available on the licensed cryptocurrency exchange CryptoForce and several other national and international exchanges

Disclaimer: Cryptocurrencies are highly volatile and subject to market, technical, and regulatory risks. Crypto trading requires one’s own diligence, and Cryptoforce will not be responsible for any losses incurred. Any information provided here should not be regarded as Cryptoforce’s technical or financial advice.