For fans of non-fungible tokens (NFT), you’ve definitely heard of Flow (FLOW).
If not, what do you know about its uniqueness?
Let’s go!
Trivia Flow (FLOW)
Its establishment
Launched in 2020.
It was the idea of CryptoKitties founder and CEO of Dapper Labs, Roham Gharegozlou, Dieter Shirley, and Mikhael Naayem.
A blockchain that comes with wide scaling without using a sharding mechanism, and offers fast transactions at low cost.
Appears as an alternative to Ethereum which once faced network congestion due to the CryptoKitties hype
Certainly suitable for the establishment of dApps: NFT market platforms and crypto -based games.
It is a Dapper Labs product that wants to promote its NFT project, NBA Top Shot.
Flow also welcomes the presence of external projects.
Technology
Using the Proof of Stake (PoS) consensus mechanism
Validation in Flow is quite different from most blockchains, dividing validation based on 4 types of nodes:
Consensus Node: Makes decisions on the attendance and preparation of transactions.
Collection Node: Improves network connectivity and data availability for dApps.
Execution Node: Performs calculations related to each transaction
Verification Node: Strict inspection of the results from the Execution Node
Sharding into different types of nodes offers more efficient transactions because this method is also an alternative to sharding.
The network also offers smart contracts that can be improved:
Capable smart contracts are executed in beta.
Can be updated or repaired before being finalized in a more perfect version.
So far, Flow only supports the NBA Top Shot project and at the time of writing the article, it ranks first for the NFT category, followed by PixelPotus, Polychain Monsters, Unstoppable Domains, and Alien Ape Yacht Club.
Latest project
Flow has collaborated with CNN news media, Ultimate Fighting Championship (UFC), and Dr. Seuss.
Dapper Labs also works with Samsung, Ubisoft, and Warner Music Group.
If you look at the development space of this network, there is no doubt that Flow has the potential to continue to get attention.
The proof is, through the attraction of NFT fans to the NBA Top Shot collection, Flow has received requests from most developers to implement their respective projects.
At the time of writing, FLOW is trading at $ 6.67, down over 4% in 24 hours.
Perhaps when you read this article, the price has gone up. If it is still low, you can take the opportunity to add a crypto portfolio.
