What is flow currency?

Flow Coin is a native cryptocurrency dedicated to blockchain networks for games, applications, and digital assets. It is used to pay network transaction fees, provide governance and voting rights, and is used as an in-game currency or reward.

#What is Flow Coin?

Flow Coin is a cryptocurrency native to a blockchain network designed for games, applications, and digital assets.

Details:

• ##Creator: Dapper Labs, a company known for developing popular crypto collectible games like CryptoKitties and NBA Top Shot famous company.
• Platform: Flow blockchain, a high-performance network for consumer applications and games.

• Function:

  Pay transaction fees on the network.
  • Governance and voting rights are used to decide network upgrades and development directions.
  • As in-game currency or rewards.

• Technology:

  Uses the Cadence programming language, specifically designed for smart contract writing.
  • Adopts a multi-role consensus mechanism to improve network throughput and security.
  • Focus on security and scalability to handle large volumes of transactions.

• Use Cases:

  Games: The Flow network is used to power a variety of games, including CryptoKitties, NBA Top Shot and Axie Infinity.
  • Digital Assets: The Flow blockchain is used to create and trade digital assets such as collectibles, art, and virtual land.
  • Applications: You can use the Flow network to build consumer-facing applications and services, such as social networks, e-commerce, and media platforms.
• Circulation: Flow coins circulate on the open market and can be traded on major cryptocurrency exchanges.

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