Tuesday, April 30, 2024

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by Hideo Nakamura
Rank #74

Flow FLOW

$ 0.845663
0.00001375 BTC
Marketcap
$ 1,267,603,755
Volume (24h)
$ 30,704,484
Circulating Supply
1,499,068,195 FLOW
Total Supply
1,499,068,195 FLOW
Buy Flow
Sell Flow
All time high price: $ 42.40 98.01%
All time high date: April 5, 2021
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    * Currency in USD
    Historical Price for Flow
    DateOpenCloseHighLowVolume
    Flow Markets
    #SourcePairVolumePriceChangeUpdated
    FLOW
    USD

    Flow (FLOW) price has decreased -2.95% today!

    Flow (FLOW) is a cryptocurrency that operates on a blockchain. Currently, it is trading at $ 0.845663 and a market capitalization of $ 1,267,603,755. The price of Flow has decreased -2.95% in the last 24 hours. Currently, Flow ranks #74 among all cryptocurrencies by market capitalization and has a daily trading volume of $ 30,704,484.

    What is Flow?

    Flow content flow7

    ‍Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. It is based on a unique, multi-role architecture, and designed to scale without sharding, allowing for massive improvements in speed and throughput while preserving a developer-friendly, ACID-compliant environment.

    Flow empowers developers to build thriving crypto- and crypto-enabled businesses. Applications on Flow can keep consumers in control of their own data; create new kinds of digital assets tradable on open markets accessible from anywhere in the world; and build open economies owned by the users that help make them valuable. 

    What Makes Flow Unique?

    Smart contracts on Flow can be assembled like Lego blocks to power apps serving billions of people, from basketball fans to businesses with mission-critical requirements. 
    ‍
    There are four pillars that make Flow unique among existing blockchains:

    • Multi-role architecture: Flow’s design is unique, allowing the network to scale to serve billions of users without sharding or reducing decentralization of consensus.
    • Resource-oriented programming: smart contracts on Flow are written in Cadence, an easier and safer programming language for crypto assets and apps.
    • Developer ergonomics: from upgradeable smart contracts and built-in logging support to the Flow Emulator, this network is designed for results.
    • Consumer onboarding: Flow was designed for mainstream consumers, with payment onramps catalyzing a safe and low-friction path from fiat to crypto.

    While the team originally started building Flow for their own use-cases, it has quickly become far bigger than them.

    Flow content flow2

    What apps are running on Flow?

    Flow has a vibrant developer community. More details can be found here: https://www.flowverse.co/

    What Can FLOW be Used For?

    FLOW is the native currency for apps, games, and smart contracts built on top of the Flow blockchain, and thus is the currency guaranteed to be available for developers and users to transact with on the network. Developers can easily build FLOW directly into their apps for peer-to-peer payments, charging for services, or enabling consumers to earn rewards for the value they create. FLOW can also be held, transferred, or transacted by users peer-to-peer.
    ‍
    Token holders can earn rewards by staking their FLOW as a security deposit and working to secure the network through running validator nodes – or delegating their stake to professional operators to run validator nodes on their behalf. Validator nodes receive staking rewards and transaction fees in exchange for providing the security, computation, and storage services the network needs.  
    ‍
    Small amounts of FLOW token are also required for every activity on the network – from new user accounts to storage for assets and smart contracts. As the network matures, FLOW token holders will be able to use their FLOW in an evolving number of ways:

    • Payment for computation and validation services (i.e., transaction fees)
    • Medium of exchange
    • Deposit for data storage
    • Collateral for secondary tokens
    • Participation in governance

    FLOW’s current supply

    Flow content flow

    Read this detailed guide to learn about Flow blockchain and FLOW token.

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