Flow (FLOW) Coin is a Blockchain network that provides infrastructure for next-generation games and applications. FLOW coin was launched by Dapper Labs in 2020 in Vancouver, Canada. Its founders are Roham Gharegozlou, Dieter Shirley and Mikhael Naayem. Cryptocurrency is FLOW.
Flow is a blockchain designed from the ground up. It is the only blockchain that creates usability improvements at the protocol layer. The smart contracts in the Flow project are written in Cadence programming language. The Flow network works with the Proof of Stake protocol.
Users of the Flow network have full control over their data. In addition, developers can earn income by selling the new generation games they produce in open markets. The Flow network is designed for decentralized applications, games, interactive experiences and NFTs. Focusing on solving the scaling problem, Flow aims to create an ecosystem where all these can interact without being exposed to density.
FLOW coin is used as a payment method as well as a long-term backup asset. Used for fees and to participate in future protocol management. Validators are used by developers and users to join the FLOW network and earn rewards.
Flow has gathered the approval mechanism required for the approval of a transaction on the blockchain under four main headings. These:
- Collection Nodes:This group of validators is responsible for improving network connectivity and ensuring data availability for dApps.
- Consensus Nodes:This group of validators decides the existence and order of every transaction that takes place on the network, while keeping it decentralized at all times.
- Execution Nodes: These verifiers are responsible for data processing but do not have decision-making authority. They guarantee transaction speeds and provide scalability on the network.
- Verification Nodes:Like a pair of controllers, this set of validators keeps tabs on accuracy in the execution of the execution nodes.
What are the Advantages of Flow Coin?
We can list the advantages of Flow coin as follows:
- Flow’s unique design allows the network to scale to serve billions of users.
- Smart contracts on Flow are written in Cadence, an easy and secure programming language for crypto assets and applications.
- Flow network; It aims to be both software developer and consumer friendly with its smart, keyless user accounts, hassle-free payment methods and readable security conditions.
- Unlike traditional blockchain networks, the Flow network allows smart contracts to be upgraded over time.
