About Flow

The Flow Network, often thought of as a do-it-yourself blueprint for blockchain-based digital projects, enables developers, large studios – even individuals – to create games, applications, and non-fungible tokens (NFTs). 

Flow was designed for ease of access such that a dramatically more expansive set of craftspeople might participate in the task of building a borderless digital economy.

The cornerstone of this decentralised products/services wellspring: the FLOW coin.

FLOW represents several pertinent use cases, including transaction-fee settlement, node-validator compensation, and, importantly, proper governance. 

Flow is the brainchild of Dapper Labs – the team that created NBA Top Shot (tokenised basketball highlights) and those NFT-pioneering CryptoKitties. A number of high-profile companies (Samsung, Ubisoft, Warner Music Group, and UFC) are utilizing Flow to build next-generation consumer experiences. 

With continued focus surrounding blockchain scalability, the Flow project stands out for at least one noteworthy reason, its multi-role architectural solutions. In the past, the only way blockchain networks such as Ethereum could ramp up processing capacity for transactions was by splitting the blockchain into partitions that each contain separate data points, a technique known as “sharding.” 

Flow’s technological design allows it to massively scale up, accommodating a diverse set of clients and audiences under one roof. The network is secured through what’s considered to be a relatively more environmentally friendly Proof-of-Stake (PoS) consensus algorithm. Potential validators stake FLOW tokens, participating by way of four distinct, pre-assigned sub-tasks (collection, consensus, execution, and verification); the protocol automatically adjusts its reward scheme to improve the payouts for any one of these operations, thus incentivizing the widest possible participation while correcting any speed imbalances across the four stages. 

The current circulating supply of FLOW is about 42 million tokens.

A note on supply: specific quantities of FLOW are automatically minted whenever node validators need to be made whole in terms of compensation i.e. if transaction fees are insufficient. This way, as transaction volume on Flow increases, fees will rise, offsetting the need for new tokens, curbing inflation.