What is Flow (FLOW)?
Flow is a high speed decentralized blockchain designed to be developer-friendly and to be the foundation for a new generation of games, apps, and the digital assets that power them. The FLOW token is the native currency for the network and is required for the network and all the applications that run on top of it. FLOW token is a means of value transfer as well as a long-term reserve asset for the Flow network economy. The token is also used by validators, developers, and users to take part in the FLOW network and earn rewards. FLOW also acts as a governance token for future protocol decisions.
The Flow Network aims to build and improve upon blockchain solutions to offer their users the best experience possible. Flow utilises multi-role architecture which allows the network to scale to serve billions of users without sharding or reducing decentralization. Flow smart contracts are written in Cadence, an easy-to-use and safe programming language for crypto assets and applications. Flow smart contracts are upgradeable, allowing for improved functionality. Flow was also designed to be easily accessible for mainstream consumers, the network utilises payment onramps which facilitate easy transitions from fiat currencies to crypto.
Flow network was orginally created and developed by Dapper Labs who are most notably known for CryptoKitties, Dapper Wallet and NBA Top Shots.
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