What is Flow? A complete guide to the Flow blockchain

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Flow is one of the leading blockchains for the next generation of apps, NFTs, and games. It's designed to scale in a way that doesn't use sharding techniques, ... BuycryptoBusinessProductsOn-andoff-rampsNFTCheckoutPartnerloginCasestudiesBitcoin.comBRDChangellyAboutusCareersBlogHelpCenterBuycryptoBusinessProductsOn-andoff-rampsNFTCheckoutPartnerloginCasestudiesBitcoin.comBRDChangellyAboutusCareersBlogHelpCenterTableofContentsWhatistheFlowblockchain?HowdoesFlowwork?WhatarethebenefitsoftheFlowblockchain?ExploringtheFlowecosystemWhydoesFLOWhavevalue?WheretobuyFlowcryptocurrencyGeoffreyLyonsalsocontributedtothisarticle.Ifyou'veeverboughtanNBATopShotpackoradoptedyourveryownCryptoKitties,thenyou'realreadyfamiliarwithFlow,thepowerfulblockchainthatpowerssomeofthemostpopularapplicationsincrypto,NFTs,andgaming.LaunchedbyDapperLabsin2019,Flowisquicklybecomingthego-toblockchainforbusinessestobuildandgrowtheiruser-base.Withafocusonlowtransactionfeesandatrulyuser-centricexperience,Flowispositioningitselftohelpbuildthenextgenerationofapps,games,anddigitalassets.Ithasalsolauncheditsownnativecurrency,FLOW,whichisleveragedbyvalidators,users,anddeveloperstoparticipateintheecosystemWhatistheFlowblockchain?Flowisoneoftheleadingblockchainsforthenextgenerationofapps,NFTs,andgames.It’sdesignedtoscaleinawaythatdoesn’tuseshardingtechniques,sotransactionsarefastandlow-cost. Mostnotably,Flowisfocusedonreducingthecomplexitythatisseeninotherblockchains.Take,forexample,purchasingaCryptoKitty.Behindthescenes,thatprocesscaninvolvedozensofblockchaintransactions.ButonFlow,thesameactionishandledbyoneatomictransactioninasingleblock.CreatedbyDapperLabsandusingFlow,CryptoKittiesisoneofthemostpopularblockchainprojects(Imagesource)TheFlowblockchainisdesignednotjusttoimprovetheend-userexperiencebutalsotoallowdeveloperstobuild,test,andlaunchprojectsquicklyandsustainably.HowdoesFlowwork?Everyblockchainhasitsownvalidationmechanismtoprocesstransactionsandsecurethenetwork.Forexample,theEthereumblockchain’sProof-of-Stake(PoS)allowsforadecentralizedandsecurenetwork.However,ithasrunintodifficultiesscalingandprocessingsuchlargequantitiesoftransactionswhilekeepingcostsdown.Thishasledtotheriseoflayer2solutionsthatcanhandlemanyordersoff-chainatfasterspeedsandlowertransactionfeesthanthemainnet.Flow,ontheotherhand,splitstheworkofprocessingtransactionsintofourseparatenodesthateachhavetheirownroleandresponsibility.Insteadofrelyingonoff-chainsolutionstoscalethenetwork,Flow’snativenodesubdivisionsgiveitagreatadvantageinblockchainscalability.WhatistheFlownodearchitecture?CollectionnodesarethefirstlayeroftheFlownodearchitecture.Theirprimaryresponsibilityistomanagethetransactionspooltocollectwell-formedtransactions.Onceawell-formedtransactioniscollected,thesenodeswillhashthetextoffandsignthem.Collectionnodesthenproposewell-formedtransactionstoconsensusnodes,whichallowthenetworktoreachconsensusontheorderandpresenceoftransactionstobeprocessed.Asadecentralizedblockchain,Flowallowsanyonetoparticipateinnetworkconsensusbyrunninganodewithevenmodesthardwareandinternetconnections.Executionnodesareresponsibleforcomputingandexecutingeachtransaction,whilebeingkeptincheckbyverificationnodes.Dishonestexecutionnodescanbepunishedbyjustasinglehonestverificationnode,ifthelatterfindsthattheformerprocessesanyinvalidtransactiondata.Bydividingvalidationstagesbetweenitsfournodes,Flowisabletoprocesstransactionsefficientlyandwithlowfeescomparedtootherblockchains.WhatarethebenefitsoftheFlowblockchain?Ascryptocurrencies,virtualworlds,andNFTscontinuetobecomemoremainstream,lowtransactioncostsandeaseofusearecriticalforbothdevelopersandusersalike.Flowwasbuiltwithlong-termsustainabilityinmind.UsingProof-of-Stake(POS)torun,itissignificantlymoreenergy-friendlythanProofofWork(POW),roughlyinlinewithotheronlineservicesthatareregularlyused.Additionally,thelaunchofthestablecoinFUSDhelpsfurtherstrengthentheFlowecosystemandisincrediblypromisingforitslong-termgrowth.HereareafewadditionalbenefitsoftheFlownetwork:1)Flowisuser-friendlyandmainstreamreadyFlowisbuiltformainstreamadoption,withaheavyfocusonbeingdeveloper-friendlyandmakingiteasyfornon-cryptouserstogetinvolved.Forexample,withtheFlownetwork,userscaneasilyrecoverlostkeys.Additionally,Flowworkstoreducethemanystepsinvolvedingettingstartedwiththeirfavoriteprojects.Becauseofthis,DapperLabsusesFlowforalltheirportfolioprojects.SomeofthebrandsthatuseFlowincludetheNBA,UFC,Ubisoft,andSamsung (Imagesource)2)Flowdoesn'tuseshardingAsFlownotes:"SmartcontractsanduseraccountsonFlowcanalwaysinteractwitheachotherinoneatomic,consistent,isolated,anddurable(ACID)transaction.Inotherwords:allapplicationsonFlowcanruninthesamesharedexecutionstate….Shardingandlayer2solutionsbreakcomposabilityandreducenetworkeffectsfordappsandsmartcontractsbyremovingACIDguaranteesfromtheexecutionenvironment."Whileshardingcanbehelpfulinsomeinstances,it'snotalong-termsolution.Byintegratingitsblockchainwithouttheuseofsharding,theFlowecosystemisabletobypasssomeoftheissuesthistechniquecancause.3)FlowfocusesondecentralizationBecauseit'sincrediblyeasyfordevelopersanduserstoparticipateintheFlowecosystem,thisensuresthatmoreindividualscanparticipateintheconsensusprocessthatsecuresthenetwork. AsFlowwrites:"FlowiscommittedtoadiverseanddecentralizedparticipationintheFlowNetwork,andthereforethedistributionofthetoken,incompliancewithsecuritieslawandotherrelevantregulatoryframeworks."4)Flowisbackedbysomeoftheworld'sbiggestinvestorsandbrandsAdditionally,Flowisbackedbysomeincrediblywell-respectedinvestors,ensuringthelong-termgrowthandsustainabilityoftheecosystem.Flowhashigh-profileinvestorsincludingAndreessenHorowitz,WarnerMusicGroup,andCoinbaseVentures(Imagesource)BoththeFlowecosystemandFLOWtokencontinuetogrowrapidly,andwithmorepeoplearoundtheworldgettinginvolvedincrypto,itiswell-positionedtobecomeakeypartofthemainstreamadoptionofcryptocurrency. ExploringtheFlowecosystemFlow’smostnotableprojectsincludeNBATopShot,anNFTmarketplaceforNBA“moments”,andCryptoKitties,anEthereumgameinwhichplayersbreedandtradevirtualcats.StillunreleasedaretheLaLiga,NFL,andUFCCollectibles,whicharesimilartoNBATopShot(NFLAllDayiscurrentlyavailableinClosedBetaonly).AllarethecreationsofDapperLabs,theVancouver-basedgamingcompanythat’spioneeringdevelopmentsattheintersectionofcryptoandplay.ButwhilethesethreestandoutsarewhereFlowgetsmostofitsfame,theblockchainhasathrivingconsumer-focusedecosystemthat’srapidlyexpandingandtakingonsomeofthemostexcitinganduniquenewprojectsincrypto.Flowhasathrivingecosystemthatincludesmarketplaces,DeFiapps,developertools,andmore(Imagesource)GigLabs:TheNFTfacilitatorGigLabsconnectspremiumbrandswithexcitinguserexperiencesbyprovidingthetoolstogenerate,mint,andsellNFTs.TheirNFTBridgeactsasanentrypointtothecryptoecosystem,offeringallthecapabilitiesneededtocreate,list,distribute,anddisplayanNFT.WhatmakesthisexcitingprojectstandoutisthatbrandsareabletofullycustomisetheirNFTmarketplacetomeettheneedsoftheiruserbase.Forexample,AthletesUnlimitedlaunchedanin-stadiumNFTredemptionviaQRcodeforfanstopurchaseatUSA’ssoftballteamgames;NASCARreleasedafirst-of-its-kindNFTmarketplaceforracefans;andTheUniversityofMiamicreateditsCanesVaultfeaturingcommemorativeticketsanddigitalchampionshipringstellingthestoriesoftheuniversity’sstudent-athletes.GigLabspowerstheUniversityofMiami'sCanesVaultfeaturingcollectablemomentsintheschool'sfootballhistory(Imagesource)ThesearejustafewofagrowinglistofpartnersusingGigLabstotailortheirNFTofferings.AstheNFTmarketcontinuestomatureandnewusecasesemerge,thedemandforcustomNFTswillinevitablygrow,andGigLabswillbeaplayertowatch. Chainmonsters:Monstertamingwithanin-gameeconomyChainmonstersisafree-to-playblockchain-basedgamewithaplayer-driveneconomyinwhichplayerscancapture,train,battle,trade,andbreedcharacters(“Chainmons”).Usershavetheoptiontogothroughthegamesoloorlinkupwithfriendsandotherplayersindesignatedgroupqueststoearnspecialrewards.Chainmonvariations,environmentaleffects,mutations,andtraitsgiveeachChainmonitsuniquelikeness—they’reNFTsafterall,soeachhasitsownidentity.Withover70,000registeredjustduringclosedAlpha,Chainmonstersisexperiencingtremendousinterestfromcryptoandmainstreamplayersalike.Therearecountlessblockchaingamesonthemarket,butChainmonstersisuptherewiththebestofthemduetoitscompellingin-gamefeatures.Forexample,thegameusestemporalseasonswhicharetheonlyperiodsthataspecificNFTcharacterseriescanbeminted.Afterthat,therearenootherchancestocollecttheseChainmons.TherearealsocertainrareChainmonsthatareonlyavailabletoplayerswhobreedspecificcharacterstogether.AllcharactersanditemsarecreatedandexistontheFlowblockchain.​InTheSandbox,playersarefreetoroam,build,andtradetotheirheart’scontent(Imagesource)Chainmonstersiscross-platformcompatiblesoplayerscanloginandoutofmultipleaccountstocontinueplayingondifferentdevicesoron-the-go.It’salsosuitableforblockchainnewbiessinceitdoesn’trequireanNFTorothertokenassetholdingstostartplaying.AsofFebruary2022,thegameisavailableinClosedBetaoniOSandAndroid.Chainmonstersisaprojecttowatch,bothforitsin-gamefeaturesandforintroducingpeopletotheblockchainthroughwhatappearstotheuntrainedeyetobeastandardvideogame.DarkCountry:ArevolutionarytradingcardgameDarkcountryisafree-to-play,multi-chainNFTtradingcardgamewhereuserscancollectcardstobuildlands,goonquests,andbattleagainstotherplayers.CardsinthegameareNFTsthatareownedbyplayersandcanbeexchangedin-gameoronsecondarymarketplaces.TraditionaltradingcardgameplayerswillnoticeDarkCountry’sfamiliarfeel.InspiredbyMagic:TheGathering,DarkCountryhasallthespiritofphysicalcardcollectingwiththeaddedtwistofbeingadigital,blockchain-basedgame.Muchlikeacross-consolecompatiblevideogame,usersfromvariousblockchainssuchasWAXareabletoplaythesamegametogether.Additionally,eachblockchainhasitsownperks:specificcardsarereservedforFlowusers,forexample,givingspecialrewardsandbonusesthatyoucanonlygetonFlow.FlowisoneoftheexclusiveblockchainsinDarkCountrytohaveitsownlandcontinent(Imagesource)BychoosingtolaunchonthegamingplatformItch.io,DarkCountryisattractingnon-cryptonativegamersintotheNFTgamingworld.AddingFlowasanin-gameblockchainwasanaturalpairing,givenFlow’strackrecordofintroducingdecentralisedappsandblockchain-basedproductstonon-cryptonativeusers.DarkCountryevenhasitsownDiscordchannelfordevotedplayersofthegame.WanttolearnmoreaboutFlowandgetinvolvedwithitsecosystem?TheFlowDiscordchannelisopentoeveryonelookingtoparticipateinthegrowingcommunity.WhydoesFLOWhavevalue?TheblockchainhasseenagrowingnumberofadoptersbuildingonFlowfromsuchindustriesasdigitalfashion,art,music,andsocialmedia.Withalaunchpadthatcaterstomainstreamaudiences,Flowisoneofthemostpromisingblockchainsforanybusinesstobuildon.Flowhasattractedcompaniesfromallindustrieswhowanttobuildonitsblockchain(Imagesource)ItsnativetokenFLOWisusedtopowerthenetwork,andcanalsobeheldasastoreofvalue.Atthetimeofwriting,thecoinranks#51ofallcryptocurrencies,withamarketcapofover$1.8billionafterpeakingat$5billioninOctober2021.WheretobuyFlowcryptocurrencyYoucanbuyFLOWnowviaMoonPay.JustuseyourcreditcardorotherpreferredpaymentmethodandenterthedesiredFlowwalletaddresstopurchase.Flowisavailabletocustomersinalloursupportedcountries,states,andterritories.DownloadmediakitGrabazippackedwithourlogoandphotosinPNGandSVGformatsCancelDownload



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