![]() Multi-role architecture : The design of the Flow blockchain is such that it allows for easy scaling to serve billions of users, without the need for reducing decentralization or opting for sharding. The Flow blockchain works with the help of four important pillars as follows: ![]() Another important use case of FLOW is that it can be staked to earn regular staking rewards. FLOW also functions as a governance token and a medium to pay transaction fees, on the Flow network. How FLOW worksįlow blockchain is powered by its native token FLOW, which is actively used by its users, developers and validators for participating on the network. 30, 2021, it has since been declining constantly under bearish pressure and retreated to below $1.5 in Q2, 2022. Although the price of FLOW picked up soon afterward to close in on $30 on Aug. FLOW’s fully diluted valuation was well above $55 billion at its ATH.Īccording to our FLOW live price chart, the coin couldn’t hold on to its $40+ valuation for long, and its price soon retraced to under $20 within two months, and further dropped to $7 on June 23, 2021. Launched in January 2021, amid favorable market conditions, FLOW coin hit the ground running and FLOW price in USD terms rallied immediately after its release, reaching an all-time high of $46.16 on April 5, 2021. Flow’s ecosystem comprises top venture-backed startups, established development studios and popular entertainment brands, including Opensea, Binance, Sumo Digital, Ubisoft, Warner Music, NFL, UFC and NBA. Some of the world’s leading developers and top brands are said to be currently building on the Flow blockchain, delivering fresh experiences to their users. The result was Flow, an all-in-one blockchain that is claimed to be developer-oriented, user-friendly, modular and future-proof, all at the same time.įlow was, purportedly, designed for mainstream adoption right from the beginning. Frustrated by the entire experience, the company decided to create its own blockchain, which addressed the chain-congestion problem head-on. It was launched in Jan 2021 by Vancouver-based Dapper Labs, the same company that developed well-known products like UFC Strike, NBA Top Shot, CryptoKitties and Dapper Wallet.ĭapper Labs faced all kinds of problems, like scalability issues, high gas fees and more, with CryptoKitties, which was developed on the Ethereum platform. Flow is a developer-friendly, decentralized and fast Layer-1 blockchain that facilitates the easy creation of next-generation DApps (decentralized applications), games and digital assets.
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