- Market Cap
- $379.24M (#92)
- 48.51M / 1.36B
Flow is developed by Dapper Labs, who developed an extremely popular decentralized application or dApp known as CryptoKitties. This was essentially this trading game that launched in 2017 that allowed users to buy, collect as well as breed digital cats. Each of them was unique and had a different value. Now, the projec...Read more
Flow is developed by Dapper Labs, who developed an extremely popular decentralized application or dApp known as CryptoKitties. This was essentially this trading game that launched in 2017 that allowed users to buy, collect as well as breed digital cats. Each of them was unique and had a different value. Now, the project was launched on Ethereum, however, due to its popularity it almost made the blockchain unusable. As such Dapper Labs decided to solve this technical issue and created a new blockchain which was developed for games and digital collectibles.
This is known as the Flow Playground which launched in 2020 and allows developers to create and trade a specific type of digital asset known as a non-fungible token or NFT. Every NFT asset is unique, and it trades for its own specific price.
The FLOW Token Explained
Discussing the FLOW cryptocurrency, it is one of the main ways through which the FLOW blockchain operates and is maintained. This is due to the fact that developers can incorporate FLOW in their dApps as the main currency which will be used for payments as well as transactions and rewards. Note that as a developer you will always have the option to create your own custom cryptocurrency.
Then you have their usage as a node. To become a node, as a user, you will need to own as well as stake FLOW tokens. This will allow you, as well as any other user, to participate in the governance of the entirety of the platform. Flow will reward these users with newly minted FLOW and a portion of the transaction fees generated.
There are four types of nodes on Flow, and the revenue to each role is adjusted automatically based on the amount of FLOW staked. There are always users who do not want to run a node, and these always have an option to delegate their stake to professional operators.
Features of Flow
Flow creates subdivisions of its network that allow the total work to be split across nodes. There are four types of nodes, each of which only validates a subset of the transactions.
You have the collection nodes that enhance the network connectivity and data availability for dApps, then you have the consensus nodes that decide the presence and the order of the transactions. You also have the execution nodes that perform a computation that is associated throughout each transaction and do not have any decision-making power, and you have verification nodes that need to double-check the work done by the execution nodes.
You also gain access to developer tools such as smart contracts which are written in Flow’s native language, Cadence.
Founders of Flow (FLOW)
Discussing the founders of Flow, or more specifically, the creator, they are known as Dapper Labs.
Dapper Labs was founded in 2018 and uses blockchain technology with the intention of bringing new forms of digital engagement to users across the globe. The founder of Dapper Labs is Roham Gharegozlou, who is also the founder of Axiom Zen.
They have also created CryptoKitties, Dapper, and NBA Top Shot.
$FLOW / USD
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We're monitoring 26 Github repos for the Flow project.
Commits vs. The Market
- Past 4 weeks: 725 commits vs. an average of 58
- Past 12 weeks: 2,975 commits vs. an average of 244
- Past year: 10,465 commits vs. an average of 1,512
Top Repos by Code Commits
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