Purpose: Flow is specifically designed to support high-performance decentralized applications, with a focus on scalability and usability. It aims to provide a user-friendly experience for developers and end-users.
Developers: Flow was developed by Dapper Labs, the same team that created the popular blockchain game, CryptoKitties. The team designed Flow to address some of the scalability issues and limitations observed in other blockchain platforms.
Resource-Oriented Architecture: Flow uses a resource-oriented programming model, where each account on the network can own and manage resources. This architecture is intended to enhance the scalability of the platform.
Smart Contracts: Flow supports smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. Developers can build decentralized applications using Flow's smart contract functionality.
NFTs (Non-Fungible Tokens): Flow gained attention for its support of NFTs. CryptoKitties, one of the earliest and most popular NFT projects, was built on the Ethereum blockchain, but Dapper Labs chose to use Flow for subsequent projects like NBA Top Shot, a platform for buying, selling, and trading officially licensed NBA collectible highlights.
Flow Token (FLOW): FLOW is the native utility token of the Flow blockchain. It is used for various purposes within the network, including transaction fees, staking, and participating in network governance.
Partnerships and Ecosystem: Flow has sought to build a robust ecosystem and has partnered with various companies and projects to enhance its adoption. NBA Top Shot, UFC, and other entertainment and sports-related projects have joined the Flow blockchain.
