09.01.2023

Flow (FLOW): Blockchain for NFT and DeFi

Flow is a blockchain that was created specifically for NFT and DeFi. What is Flow, how it works and which projects already use its technologies.

Flow (FLOW) is a platform for creating decentralized applications and digital assets, which was developed by a team from CryptoKitties. This platform is designed to provide higher performance and scalability than many other blockchain systems.Flow is designed to work with digital assets, including game tokens, NFT and other digital assets.


The platform provides tools for creating and deploying digital assets that can be used in a wide range of applications, from games and sports to identification and property.The platform uses the new HotStuff consensus protocol, which provides high performance and scalability, allowing processing more than 10,000 transactions per second per node.


This protocol was chosen to ensure efficient work with digital assets and NFT, which require high throughput and fast transaction processing time.Flow also provides tools for creating and deploying smart contracts that can be used to create more complex applications, including voting and identity management.


In addition, the platform has integration with various programming languages, such as Solidity, JavaScript and Python, which makes it more accessible to developers.The FLOW cryptocurrency is used to ensure security and stimulate the operation of the platform.


It can be used to pay transaction fees and other operations on the platform, as well as to stimulate participants who provide computing power and other resources to support the network.In general, Flow is a promising platform for creating and deploying digital assets and decentralized applications.


Due to its high performance and scalability, the platform can be used to create a wide range of applications, from gaming and entertainment to serious enterprise applications.

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