![]() ![]() As the network matures, FLOW token holders will be able to use their FLOW in an evolving number of ways. 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. FLOW is made to be available for developers and users at all times to transact with on the network, making it the primary currency for apps, games, and smart contracts built on top of the Flow blockchain. DApps, Games, and Smart Contractsĭevelopers can integrate FLOW directly into their apps for peer-to-peer payments, charging for services, or enabling consumers to earn rewards for the value they create. Importantly, FLOW is required for the creation and usage of all other tokens on the network – to pay for storage and/or serve as collateral. These diverse use-cases make FLOW a versatile token that can be used in various ways within the Flow ecosystem. FLOW token holders have several options for using their tokens, including paying for computation and validation services through transaction fees, using FLOW as a medium of exchange, using it as a deposit for data storage, using it as collateral for secondary tokens, and participating in governance on the network. The FLOW token has various utility use-cases within the Flow blockchain ecosystem. FLOW is the catalyst for diverse new communities to access blockchain and decentralized applications, building and benefiting from real use-cases. FLOW's diverse use cases include its use for peer-to-peer payments, staking rewards, security deposits, storage of assets, collateral for secondary tokens, and participation in governance. FLOW is also used to pay transaction fees and as a reserve asset for secondary tokens. įLOW is the native currency of the Flow network, and it serves as the asset of reward for validators participating in network consensus. The Flow blockchain is designed to overcome the throughput limitations of traditional PoS blockchains by separating the selection and ordering of transactions from their execution. Overviewįlow is a blockchain network that utilizes Byzantine Fault Tolerant (BFT) consensus algorithms and proof-of-stake (PoS) to ensure high efficiency and security. Additionally, it facilitates the utilization, deployment, and creation of smart contracts that are essential for the development of applications on Flow. FLOW is used for payments within decentralized applications (dApps) that are constructed on the network. FLOW Token is the native cryptocurrency on the Flow blockchain, a decentralized layer 1 blockchain created by Dapper Labs, the company behind CryptoKitties. ![]()
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