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Is Flow Blockchain different from other Blockchains?

What distinguishes the Flow blockchain is that, unlike other blockchains, which need nodes to maintain the full state of the blockchain, making them sluggish and resource demanding, the nodes in the Flow blockchain are responsible for processing every single transaction in the blockchain.

Flow has improved its architecture by creating a pipeline architecture that takes jobs that would normally be done by a single node to be separated into 5 different nodes. With this the Flow blockchain also rethinks many of its design choices in order to improve the usability of the blockchain for developers and consumers, some of the improvements include upgradeable smart contracts, human-readable security.

This also ensures that every single transaction processed by the blockchain has full ACID guarantees, this makes it possible for developers to easily and safely reuse any other developer’s code. This also allows developers to create new products at an accelerating pace since the code base is always increasing and improving. It is similar to open-source software in that it enables faster innovations and ultimately gives consumers more and better choices.

Flow is a layer-one blockchain built from the ground up for a new generation of consumer applications, games and digital assets that powers them. Flow is the cryptocurrency token that powers all the activity on the Flow blockchain network, it is a way of payment method for the long-term reserve asset for the whole entire Flow economy.

These tokens are essential for users like validators, developers and make users participate in the FLOW network and earn rewards. The tokens are also used as transfer fee, serve as collateral for secondary tokens on the Flow and are involved in future protocol governance.

 

Consumer-friendly onboarding

The Flow blockchain is easy to use, mainstream payments are already in place which you can chose to pay with cryptocurrency or fiat, on many networks there are no clear outlining explaining what permissions the customer is authorizing when doing an transaction, while the Flow transactions interface makes it clear on what kind of transaction can and can not be done.

It will all depend on your own wallet software to display the information clearly to the user and at the same time making it easier for the user to understand even if you are a new user or a veteran user.

There was already an existing protocol which was the Ethereum protocol and Dappers was the first smart contract wallet and was making big improvements in the usability and reducing the onboarding friction. With their own protocol they could evaluate new networks claiming to be orders of magnitude faster and cheaper than Ethereum.

 

 

 

 

Image: mohamed Hassan 

*Disclaimer: Fyggex, does not give any guidance, advice or recommendations to neither invest or not in any available normal currency or cryptocurrency directly or indirectly via any trading platform, exchange or provider. Our sole purpose is to make you aware of the related real or potential risks and opportunities so that you can make your own research prior to any financial decisions you may want to take. Past performance and position are not a guarantee of risk-free future returns.

 

Sources

blog.coinlist.co/a-deep-dive-into-flow-the-blockchain-for-open-worlds/

www.onflow.org/https://www.onflow.org/primer

decrypt.co/resources/what-is-flow-dapper-labs

academy.ivanontech.com/blog/the-ultimate-guide-to-the-flow-ecosystem-the-flow-token

pixelplex.io/blog/flow-vs-ethereum-comparison-best-platforms-for-nft/

www.coinbureau.com/review/flow/